ICAEW.com works better with JavaScript enabled.

UK GAAP factsheets

The Financial Reporting faculty's UK GAAP factsheets provide an analysis of changes in the new UK regime, effective from 1 January 2015.

Reduced Disclosure Framework

This is exclusive item - please log in or subscribe to view this item.

This factsheet provides an overview of the disclosure exemptions available to qualifying entities and the transitional issues arising when adopting FRS 101 for the first time. Updated August 2019.

The UK Financial Reporting Regime

This is exclusive item - please log in or subscribe to view this item.

This factsheet provides an overview of the UK accounting framework, which accounting standards are applicable, and the options that are available to different types of entity.

2019 UK GAAP Accounts Factsheet

This is exclusive item - please log in or subscribe to view this item.

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.

FRS 102 Overview

This is exclusive item - please log in or subscribe to view this item.

This factsheet provides a high-level summary of FRS 102 and includes practical tips and guidance on some common pitfalls, including in relation to financial instruments, property, plant and equipment, and investment properties.

Preparing and filing UK small entity accounts

This is exclusive item - please log in or subscribe to view this item.

This factsheet considers simplifications available to small entities and the criteria to be met. Published 28 February 2019.

2018 UK GAAP Accounts

This is exclusive item - please log in or subscribe to view this item.

This factsheet provides a more detailed look at the Triennial review 2017 amendments to FRS 102 and other UK GAAP standards. The changes are mandatory 1 January 2019 with early adoption permitted.

FRS 102 Debt for equity swaps

This is exclusive item - please log in or subscribe to view this item.

This factsheet explains how to account for ‘debt for equity swaps’ in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Published 05 June 2018.

FRS 102 - Impairment of assets

This is exclusive item - please log in or subscribe to view this item.

This factsheet is a summary of the basic principles of accounting for impairment with practical guidance to will help with implementation.

FRS 102 Deferred Tax factsheet

This is exclusive item - please log in or subscribe to view this item.

This factsheet provides an overview of the accounting and disclosure requirements for deferred tax in accordance with FRS 102 in response to some frequently asked questions about this challenging topic. Published 15 November 2017 (updated March 2018).

2017 UK GAAP Accounts

This is exclusive item - please log in or subscribe to view this item.

This factsheet highlights the new and modified UK GAAP requirements that are mandatory for accounting periods beginning in 2017. It also considers some of the practical implementation issues which have arisen as a consequence of the new regime. Published June 2017.

Showing 10 of 14 items