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Financial reporting helpsheets

Helpsheets prepared by ICAEW Technical Advisory Service to assist you in your day-to-day work. We offer practical advice, respond to frequently asked questions and highlight the issues you may need to consider.
Contents

Browse more helpsheets and guidance by topic. If you cannot find the answer to your specific question, please contact the Technical Advisory helpline on +44 (0)1908 248 250.

A

Exclusive Accounting for cryptocurrencies under FRS 102
  • 16 Sep 2022
The purpose of this technical helpsheet is to consider both the potential accounting treatments under FRS 102 and the presentation of cryptocurrencies within the financial statements. It should be noted that this is an emerging area and practice will no doubt evolve over time.
Exclusive Allocation of losses in LLPs
  • 21 Jan 2020
Technical helpsheet to help members understand whether losses need to be allocated to members within the accounts of a limited liability partnership.
Exclusive Amortised cost calculator
  • 23 Nov 2021
Technical tool which calculates amortised cost using the effective interest method.

B

Exclusive Balance sheet statements for small companies and LLPs
  • 12 Mar 2021
Technical helpsheet to help ICAEW members to understand the balance sheet statements required where small companies and LLPs take advantage of the small companies or LLPs regime in the preparation of their accounts and when taking advantage of audit exemption.

C

Exclusive Can accounts be prepared and filed at Companies House in a foreign currency?
  • 13 Aug 2019
Technical helpsheet to help ICAEW members to understand whether companies can prepare and file their accounts at Companies House in a foreign currency.
Exclusive Can I capitalise website development costs under FRS 102?
  • 05 Nov 2021
Technical helpsheet to help members understand the requirements for capitalising website development costs under FRS 102.
Exclusive Can I revalue an intangible asset under FRS 102?
  • 24 Jul 2019
Technical helpsheet to help members understand when it may be possible to revalue intangible assets and the criteria for doing so under FRS 102.
Exclusive Charities - financial reporting and scrutiny (England and Wales)
  • 14 Dec 2022
Technical helpsheet issued to help ICAEW members to understand key requirements relating to the financial reporting and scrutiny of charities registered in England and Wales.
Exclusive Charities - financial reporting and scrutiny (Northern Ireland)
  • 19 Feb 2020
Technical helpsheet issued to help ICAEW members to understand key requirements relating to the financial reporting and scrutiny of charities registered in Northern Ireland.
Exclusive Charities - financial reporting and scrutiny (Scotland)
  • 19 Feb 2020
Technical helpsheet issued to help ICAEW members to understand key requirements relating to the financial reporting and scrutiny of charities registered in Scotland.
Exclusive CVA's under FRS 102
  • 12 Aug 2022
Technical helpsheet issued to help ICAEW members to account for a Company Voluntary Arrangement (CVA).

D

Exclusive Deferred tax under FRS 102
  • 08 Nov 2022
Technical helpsheet issued to help members understand how to account for deferred tax under FRS 102.
Exclusive Does a charity need a cash flow statement?
  • 21 Aug 2019
Technical helpsheet to help members understand when a charity requires a Statement of Cash Flows (often referred to as a cash flow or a cash flow statement).

E

Exclusive Employee share trusts
  • 23 Nov 2022
Technical helpsheet issued to help ICAEW members to help members account for various ‘trust’ arrangements in relation to employee benefits under FRS 102.
Exclusive Exemptions from consolidating and when a subsidiary can be excluded from consolidation under FRS 102
  • 07 Nov 2022
Technical helpsheet and flowchart to help members understand the limited situations in which a subsidiary may be excluded from consolidation under FRS 102 and the accounting treatment for such subsidiaries.

F

Exclusive Fixed asset investments under FRS 102
  • 12 Aug 2022
Technical helpsheet to help ICAEW members understand key aspects of accounting for fixed asset investments under FRS 102.
Exclusive Foreign currency translation under FRS 102
  • 19 Sep 2018
Technical helpsheet issued to help members understand foreign currency translation under FRS 102.
Exclusive FRS 102: Section 1A Small Entities
  • 28 Oct 2021
Technical helpsheet issued to help ICAEW members understand the reporting requirements applicable to small entities in the UK reporting under FRS 102 Section 1A.

G

Exclusive Groups and consolidated accounts under FRS 102
  • 07 Nov 2022
Technical helpsheet to help ICAEW members to understand key aspects of accounting for groups under FRS 102.

H

Exclusive Hedge accounting under FRS 102
  • 02 Feb 2022
Technical helpsheet issued to help ICAEW members to understand aspects of hedge accounting under FRS 102.
Exclusive Hive up under FRS 102
  • 09 Nov 2022
Technical helpsheet covering the basic accounting requirements for a 'hive up' restructure within a group of companies.
Exclusive How do I account for a change in depreciation?
  • 21 Jan 2020
Technical helpsheet to help members understand how to deal with a change in depreciation and whether this change is accounted for prospectively or retrospectively under FRS 102.
Exclusive How do I account for a dividend received from a subsidiary?
  • 22 Oct 2021
Technical helpsheet to help ICAEW members understand how to account for dividends received from a subsidiary in the parent’s individual financial statements under UK GAAP.
Exclusive How does a lessee account for a rent free period under FRS 102?
  • 11 Nov 2021
Technical helpsheet to help members understand how lessees should account for an operating lease with a rent free period under FRS 102 and provides a practical example of the calculations required.

I

Exclusive Intangible assets and goodwill under FRS 102
  • 12 Aug 2022
Technical helpsheet to help ICAEW members understand key aspects of accounting for intangible assets and goodwill under FRS 102.
Exclusive Investment property under FRS 102
  • 12 Aug 2022
Technical helpsheet to help ICAEW members understand key aspects of accounting for investment property under FRS 102.

L

Exclusive Leases under FRS 102
  • 12 Aug 2022
Technical helpsheet to help ICAEW members understand key aspects of accounting for leases under FRS 102.

P

Exclusive Preference shares - equity or liability under FRS 102?
  • 17 Jan 2022
Technical helpsheet to help ICAEW members understand how to account for preference shares in the financial statements of both the holder and the issuer under FRS 102.

R

Exclusive Redundancies under FRS 102
  • 04 Nov 2021
Technical helpsheet issued to help ICAEW members and Financial Reporting Faculty members, understand the accounting considerations and requirements for redundancy payments under FRS 102.
Exclusive Related party disclosures under FRS 102
  • 04 Nov 2021
Technical helpsheet to help ICAEW members understand key disclosure requirements for related parties under FRS 102.

S

Exclusive Share for share exchanges
  • 29 Nov 2023
Technical helpsheet issued to help ICAEW members to understand the company law and financial reporting implications of a share for share exchange.
Exclusive Share options under FRS 102
  • 15 Sep 2022
Technical helpsheet to issued to help ICAEW members account for the issue of share options to employees in exchange for their service under FRS 102.
Exclusive SSAS pension schemes
  • 01 May 2023
Technical helpsheet issued to help members determine which accounting standard should be used when preparing the accounts of a small self-administered pension scheme (SSAS pension scheme).

T

Exclusive Transfers between investment property, PPE and inventories under FRS 102
  • 01 Oct 2019
Technical helpsheet to help ICAEW members with accounting for the transfer of property between Investment Property, Property, Plant and Equipment (PPE) and Inventories under FRS 102.
Exclusive Transfers of an asset under FRS 102
  • 29 Oct 2021
Technical helpsheet issued to help members in considering the accounting implications of the transfer of assets in the context of companies reporting under FRS 102.

W

Exclusive What is the lease term?
  • 16 Dec 2020
Technical helpsheet to help members understand the definition of lease term under UK GAAP and provides an example of how to apply the definition.
Exclusive Which accounting standard do I use for clubs, associations and societies?
  • 15 Jul 2019
Technical helpsheet to help ICAEW members to understand which accounting standards apply to different types of clubs, associations and societies.
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