Financial Reporting Faculty
Membership of the Financial Reporting Faculty gives you exclusive access to a suite of online factsheets, the faculty’s webinar programme, eIFRS and much more. Find out more.
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.
Need to know
In this section
Factsheets, FAQs and Technical Releases
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.
Preparing and filing UK small entity accounts
This factsheet considers simplifications available to small entities and the criteria to be met. Published 28 February 2019.
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
UK GAAP update
This webinar will update you on the latest developments and implementation issues in UK GAAP, including changes to reporting regulations.
Essentials CPD 2020: Accounting/Financial Reporting update
Aimed at those preparing accounts under UK GAAP, this course covers new and topical areas relevant to all entities, whether micro small, medium or large.
Webinars, videos and podcasts
Demystifying the Task Force for Climate-related Financial Disclosures' recommendations
Find out more about the recommendations of the Task Force for Climate-related Financial Disclosures' with this 60-minute webinar.
Autumn 2019 Financial Reporting Faculty Roadshow highlights and FAQs
Hear highlights and frequently asked questions from ICAEW’s Autumn Financial Reporting roadshows.
2019 Financial Reporting Conference: The Future of Corporate Reporting
Watch Paul Druckman’s keynote speech from the faculty’s 2019 conference exploring what future generation corporate reports might look like.
2019 Financial Reporting Conference: IFRS 16 Leases – the final countdown
Peter Hogarth, PwC, pinpoints the hot topics in implementing IFRS 16 Leases at the Financial Reporting Faculty’s 2019 conference.
Accounting standards and eIFRS
UK GAAP
Access to a wide range of online resources on UK GAAP accounting standards.
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, 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
Smaller listed and AIM quoted companies
This guide, written in association with the Financial Reporting Council, offers advice for audit committees and boards of smaller quoted companies on evaluating the adequacy of a company’s financial reporting function and process.
IFBM conference 2018: Financial scandals
View video recordings, blog posts and academic papers from the 2018 Information for Better Markets conference on ‘Financial Scandals’.
More than words: the use of textual analysis in corporate reporting
The 2018 PD Leake lecture given by Professor Craig Lewis, Vanderbilt University, with a response from Sallie Pilot of Black Sun.