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
Checklist: implications of COVID-19 for the preparation of accounts under FRS 102
Factors to consider when preparing financial statements with early 2020 year ends.
Checklist: implications of COVID-19 for the preparation of micro-entity accounts (FRS 105)
A checklist of factors to consider when preparing micro-entity accounts.
How to distinguish adjusting from non adjusting post balance sheet events under UK GAAP
Factors to consider to help determine whether events are adjusting or non-adjusting in the accounts.
COVID-19 and going concern – Guidance for Directors of SME Businesses
Why going concern is important for the accounts and how to make the assessment.
Coronavirus government support schemes under FRS 102
Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.
Applying IAS 36 Impairment of Assets
This factsheet provides a summary of the basic principles of accounting for impairments and practical tips on application.
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.
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.
Future events and webinars
Going concern and resilience: lessons learned from COVID-19
The event will explore going concern and resilience issues for financial reporting and audit in light of the COVID-19 crisis.
IFRS 17 Insurance Contracts for non-insurers
Despite not being an insurer, entities may have contracts that fall in scope of IFRS 17 Insurance Contracts. Find out if you’re affected with this webinar.
Webinars, videos and podcasts
Narrative reporting part 3 - s172 and beyond
Prepare for the 2020/21 reporting season with implementation experience from the first wave of s172(1) statements.
Going concern event: Common COVID-19 accounting issues
A webcast covering common accounting questions being raised as a result of COVID-19, on both new and existing topics. Recorded as part of the 30 October Going Concern event.
Going concern event: Impairment of assets and asset valuations
A webcast exploring key asset valuations impacted by COVID-19, their main accounting implications and audit considerations. Recorded as part of the 30 October Going Concern event.
IFRS 16 Leases - implementation and recent developments
Discover the IFRS 16 implementation lessons learned and hear about the COVID-19-related rent concessions amendment.
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, July 2020
An interview with Sir Jon Thompson, Chief Executive of the FRC as he leads the regulator's transformation. Plus articles on s172(1) statements, reverse factoring, energy and carbon reporting and accounting for climate change under UK GAAP.
By All Accounts, January 2020
Examining progress in climate-related financial disclosures plus IASB member Nick Anderson talks about the year ahead for the standard-setter. Also features new s172 reporting requirements, dividend disclosures, goodwill and impairment and more.
Financial reporting news and insights
Discover the latest news and developments in financial reporting from ICAEW’s Financial Reporting Faculty.
Thought leadership: Improving corporate reporting
The art of conversation
View 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.
Non financial reporting ensuring a sustainable global recovery
There is a pressing need to expedite the sustainable rebuilding of economies the world over, including in Europe. The COVID-19 pandemic has battered human, social and economic capital across the globe. In responding to the virus and charting a post-coronavirus recovery path, we cannot lose sight of the wider unfolding picture of climate emergency, massive biodiversity loss and increasing inequality.
IFBM conference 2019: The real effects of financial reporting
View videos and academic papers from the 2019 Information for Better Markets conference on ‘The real effects of financial reporting’.