How to distinguish adjusting from non-adjusting post balance sheet events under UK GAAP
This guide outlines the factors to consider when determining whether post balance sheet events are adjusting or non-adjusting in the accounts.
UK GAAP FAQs
The Financial Reporting Faculty regularly produces FAQs on areas of general interest. We answer your initial questions on the topic, and guide you to any other relevant resources that are available.
The Financial Reporting Faculty also assists ICAEW’s Technical Enquiry Service in preparing helpsheets.
Brexit: Implications of changes to company law on corporate reporting
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The end of the transition period brought into effect changes in company law that have an impact on the preparation of the annual report and accounts. This guide outlines some of the practical implications.
Renegotiating loan contracts under FRS 102
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This guide outlines the accounting requirements under FRS 102 when loan contract terms are renegotiated together with illustrative examples.
Accounting and tax consequences of COVID-19 related support
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In this guide we outline the accounting and tax implications of the main types of support packages offered by government to companies during the pandemic.
Brexit - reflections on implications for financial reporting
A summary of the key financial reporting considerations for December 2020 year-ends and beyond.
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.
Going concern considerations – a guide for FRS 105 preparers
Factors for preparers of micro-entity accounts to consider when doing a going concern assessment and the practical implications for financial reporting.
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: Filing deadlines
This guide summarises the temporary measures introduced relating to filing requirements at Companies House to support companies during the COVID-19 pandemic.
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.
Further information on FRS 100, FRS 101 and FRS 102 is available. Additional resources on the new UK regime, including factsheets and webinars, can be found at icaew.com/newukgaap.