ICAEW.com works better with JavaScript enabled.

Financial Reporting Faculty

As a faculty member you have exclusive access to a suite of online factsheets, the faculty’s webinar programme and events, eIFRS and much more.

We provide clear and accessible assistance across a spectrum of financial reporting issues, keeping you up to date with changing regulations and standards. Our specialist online resources range from technical briefings and factsheets, to webcasts, blogs, and IFRS and UK GAAP accounting standards, which you can tap into wherever you are in the world.

In this section

Factsheets, FAQs and Technical Releases

IFRS 9 Financial Instruments - hedge accounting

This factsheet outlines the hedge accounting requirements of IFRS 9 Financial Instruments, comparing them with those of IAS 39. It also contains practical tips to help with implementation.

The UK Financial Reporting Regime

This factsheet provides an overview of the UK accounting framework, which accounting standards are applicable, and the options that are available to different types of entity.

2019 IFRS Accounts

This factsheet provides an overview of new and modified requirements for preparers of IFRS accounts for 2019 and practical tips on how to implement the changes.

2019 UK GAAP Accounts Factsheet

This factsheet provides a detailed look at the Triennial review 2017 and other amendments to UK GAAP standards. The changes are mandatory 1 January 2019.

FRS 102 Overview

This factsheet provides a high-level summary of FRS 102 and includes practical tips and guidance on some common pitfalls, including in relation to financial instruments, property, plant and equipment, and investment properties.

IFRS 9 Financial Instruments – overview

This factsheet outlines the key requirements of IFRS 9 Financial Instruments, including classification and measurement, and impairment of financial assets. It’s focus is on the non-financial sector.

FRS 102 - Impairment of assets

This factsheet is a summary of the basic principles of accounting for impairment with practical guidance to will help with implementation.

Future events and webinars

Webinars, videos and podcasts

Accounting standards and eIFRS

IFRS accounting standards

A synopsis of each IFRS, identifying recent amendments and which version of the standard applies to a particular period.

eIFRS

Full access to the IASB's eIFRS resource available to Financial Reporting Faculty members.

By All Accounts

By All Accounts, July 2019 (issue 20)

Russell Picot talks about the importance of an organisation's resilience to climate risk. The practicalities of IFRS 16 are tackled and experiences of IFRS 9 and 15 implementation shared. Also includes FRS 102's top three application issues and Section 1A's disclosure requirements.

By All Accounts, January 2019 (issue 19)

What’s changed in the FRC’s Guidance on the Strategic Report and other narrative reporting requirements. We also highlight Brexit’s impact on the preparation of 2018 financial statements and delve deeper into the triennial review amendments to FRS 102.

By All Accounts, July 2018 (issue 18)

We highlight the reasons behind Carillion’s collapse, discuss how cryptocurrencies work and consider the dilemmas they pose. We explain the triennial review amendments to FRS 102 and consider some of the practical challenges faced in applying IFRS 16 Leases.

Thought leadership: Information for Better Markets