ICAEW.com works better with JavaScript enabled.

UK GAAP factsheets

The Financial Reporting Faculty’s online factsheets provide an introduction to changes coming into force in a particular period, or a more in-depth analysis of a specific accounting issue. Factsheets are developed with help from leading experts in the field. Factsheets are available for download by Financial Reporting Faculty members.

The UK Financial Reporting Regime 2021 Update

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.

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 2021.

2021 UK GAAP Accounts

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

This factsheet highlights new and modified requirements for preparers of UK GAAP accounts for accounting periods beginning on or after 1 January 2021.

2020 UK GAAP Accounts: Updated

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

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.

Financial instruments: FRS 102 factsheet

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

Summarising the requirements of FRS 102 for basic and other financial instruments, this factsheet includes practical tips and illustrative examples.

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. Updated 04 December 2020.

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 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.

Showing 10 of 14 items