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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

The financial reporting implications of coronavirus

As coronavirus continues to spread and more information comes to light about the nature of the virus and its impact, companies with 2019 and early 2020 year-ends need to consider how it affects their business and how the effects should be reported in the accounts. This guide is primarily aimed at those entities preparing accounts in accordance with FRS 102.

Applying IAS 36 Impairment of Assets

This factsheet provides a summary of the basic principles of accounting for impairments and practical tips on application.

UK Regulation for Company Accounts

This factsheet provides an overview of the regulatory requirements affecting UK company accounts. The factsheet applies to both UK GAAP and IFRS adopters.

IFRS 16 Leases

This factsheet provides an overview of IFRS 16 with a focus on lessee accounting, including recognition, and right-of-use asset and liability measurement. It provides practical tips on implementation and answers some frequently asked questions.

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.

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. Updated 6 January 2020.

Future events and webinars

UK GAAP update

This webinar will update you on the latest developments and implementation issues in UK GAAP, including changes to reporting regulations.

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.


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

By All Accounts

By All Accounts, January 2020 (issue 21)

The progress in climate-related financial disclosures is examined and IASB member Nick Anderson talks to us about the busy year ahead for the standard-setter. Also features the new s172 reporting requirements, dividend disclosures, goodwill and impairment plus more.

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.

Thought leadership: Information for Better Markets