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
2021 UK GAAP Accounts
This factsheet highlights new and modified requirements for preparers of UK GAAP accounts for accounting periods beginning on or after 1 January 2021.
IFRS 16 Leases - Updated
This factsheet provides an overview of IFRS 16 together with practical tips and examples. It has been updated for recent amendments.
Accounting and tax consequences of COVID-19 related support
In this guide we outline the accounting and tax implications of the main types of support packages offered by government to companies during the pandemic.
UK Regulation for Company Accounts – pre 2021
This factsheet provides an overview of the regulatory requirements affecting UK company accounts. It reflects the requirements of the Companies Act 2006 applicable to financial years beginning before 1 January 2021.
2020 UK GAAP Accounts: Updated
This factsheet highlights new requirements effective 1 January 2020 and beyond, including practical guidance on amendments for rent concessions and IBOR reform. It has been updated for recent changes.
2020 IFRS Accounts - Updated
This factsheet highlights new and modified requirements for preparers of IFRS accounts. The factsheet deals primarily with new IFRS requirements with mandatory application for annual periods beginning on or after 1 January 2020.
Brexit - reflections on implications for financial reporting
A summary of the key financial reporting considerations for December 2020 year-ends and beyond.
Modifications to revenue recognition under IFRS 15
A guide to the accounting implications of changes to contracts with customers as a result of the pandemic.
Future events and webinars
Webinars, videos and podcasts
Streamlined Energy and Carbon Reporting
This webinar covers the latest developments in UK GAAP, focusing on topics relevant to the preparation of accounts for periods beginning on or after 1 January 2021.
UK GAAP Update
This webinar covers the latest developments in UK GAAP, focusing on topics relevant to the preparation of accounts for periods beginning on or after 1 January 2021.
Top tips for s172(1) statements and other narrative reporting
With two years’ experience of implementing s172(1) reporting requirements to draw on, this webinar explores examples of best practice observed to date and provides top tips for further improvement.
IFRS Update
This webinar provides a roundup of the latest developments in IFRS applicable in 2021 and beyond.
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, with direct links to eIFRS.
eIFRS
Full access to the IASB's eIFRS resource available to Financial Reporting Faculty members.
Magazine and Insights
By All Accounts January 2022
Focused on sustainability reporting, this edition contains a nutshell guide to developments, a practical guide to implementing TCFD recommendations and articles on climate-risk in financial statements. Plus other topical issues for the 2021/22 reporting season, including risk reporting beyond climate-risk.
By All Accounts July 2021
An interview with Professor Dr Andreas Barckow, incoming Chair of the IASB, the impact of the BEIS White Paper proposals on reporting, sustainable cost accounting, the commencement of the next upcoming periodic review of UK GAAP, s172(1) reporting for private companies and Bitcoin.
By All Accounts January 2021
An interview with Pauline Wallace, Chair of the UK Accounting Standards Endorsement Board. Plus non-financial reporting, reporting in times of uncertainty, insurance contracts, the future direction of FRS 102 and more.
Thought leadership: Improving corporate reporting
Accounting in the Anthropocene
The 2021 PD Leake lecture given by Professor Jan Bebbington, Lancaster University, with a response from Richard Spencer, Director of Sustainability, ICAEW.
IFBM conference 2020: The financial reporting system: seeing the bigger picture
View videos and academic papers from the 2020 Information for Better Markets conference on 'The financial reporting system: seeing the bigger picture'.
The art of conversation
The 2020 PD Leake lecture, given by Dr Miguel Minutti-Meza, Miami Herbert Business School, with a response from Allister Wilson, Assurance Partner at EY.