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
2020 UK GAAP Accounts
This factsheet highlights new and modified requirements effective 1 January 2020 and beyond, and includes practical guidance on recent amendments for rent concessions and IBOR reform.
2020 IFRS Accounts
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.
Financial instruments: FRS 102 factsheet
Summarising the requirements of FRS 102 for basic and other financial instruments, this factsheet includes practical tips and illustrative examples.
Planning for the 2020/21 reporting season - Practical help for preparers
In this guide the Financial Reporting Faculty looks at what is different about the current reporting season and where to focus your efforts.
Brexit - reflections on implications for financial reporting
A summary of the key financial reporting considerations for December 2020 year-ends and beyond.
COVID-19 and FRS 102 accounts - how to improve disclosures
This guide identifies some key areas to consider when preparing disclosures within the annual report and accounts.
Coronavirus: Going concern considerations – a guide for FRS 102 preparers
Factors to consider when doing a going concern assessment and the practical implications for financial reporting.
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.
Future events and webinars
2020/21 Reporting: Going concern and impairment
Exploring going concern and impairment issues for entities preparing accounts with December 2020 or early 2021 year-ends under FRS 102 and FRS 105.
Webinars, videos and podcasts
Contract modifications under IFRS
Explore the accounting implications of contract modification scenarios relating to revenue, financial instruments, leases and employment contracts.
Preparing for the 2020/21 reporting season
To aid preparers of accounts, a webinar summarising key findings from the FRC’s Annual Review of Corporate Reporting and recent thematic reviews.
IFRS 17 Insurance Contracts for non-insurers
Entities, despite not being insurers, may have contracts that fall in scope of IFRS 17 Insurance Contracts. Find out more with this webinar.
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.
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 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.
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.
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
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’.