FRS 18: Accounting policies
Find links to the accounting standard, technical summaries, useful guides and other resources on FRS 18 collated by ICAEW Library & Information Service.
The accounting standard FRS 18 set out requirements for the selection, application and disclosure of accounting policies. It was issued by the Accounting Standards Board in December 2000.
This standard and all other old UK GAAP FRSs have been withdrawn for reporting periods starting on or after 1 January 2015. Topics within accounting policies, estimates and errors are covered by Section 10 of FRS 102 under new UK GAAP.
How can I get a copy of this standard?
There is no free consolidated version of FRS 18 available online.
However, we can provide copies of the consolidated standard, which includes amendments, through the Library's premium databases by email. Contact us by phone on +44 (0)20 7920 8620 or by email at email@example.com for more information.
Unconsolidated standard and amendments as first issued
Financial Reporting Standard 18: Accounting Policies
This is the full text of the original standard as issued by the Accounting Standards Board in December 2000. It does not include the amendments made by FRS 21.
Summary published by the Financial Reporting Council.
ICAEW guidance and support
Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.
Guides and publications
Going Concern and Liquidity Risk: Guidance for Directors of UK Companies 2009
Guidance from the Financial Reporting Council published in October 2009.
Articles are available to logged-in ICAEW members, ACA students and other entitled users.
Articles and books in the Library collection
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