Coronavirus: 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.
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.
Coronavirus: How to improve disclosures when preparing accounts in accordance with FRS 102
This guide identifies some key areas where entities might need to consider the impact of COVID-19 when preparing disclosures within their annual report and accounts.
Coronavirus: Filing deadlines
This guide summarises the 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.
Checklist: implications of COVID-19 for the preparation of micro-entity accounts (FRS 105)
A checklist of factors to consider when preparing micro-entity accounts.
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.
Checklist: implications of COVID-19 for the preparation of accounts under FRS 102
Factors to consider when preparing financial statements with early 2020 year ends.
The financial reporting implications of coronavirus
A short guide on the impact for companies with 2019 and early 2020 year-ends primarily aimed at those entities preparing accounts in accordance with FRS 102.
Brexit and financial reporting preparing FRS 102 accounts for 2019/20
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Companies preparing accounts for 2019 and early 2020 reporting dates will need to consider the impact that Brexit will have on the numbers to be reported and the disclosures required in the accounts.
FRS 102 Triennial review 2017 amendments – What are the changes?
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In this FRS 102 Update, faculty staff answer some of the more frequently asked questions on the changes to UK GAAP standards arising from the Triennial review 2017.
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.