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Financial Reporting Faculty

All our resources are committed to providing members with practical help in today's complex world of financial reporting.

We provide clear and accessible assistance across a spectrum of financial reporting issues, keeping you up to date with changing regulations and standards. Our specialist online resources range from technical briefings and factsheets, to webcasts, blogs, and IFRS and UK GAAP accounting standards, which you can tap into wherever you are in the world.

In this section

Factsheets, FAQs and Technical Releases

FRS 102 Overview

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.

IFRS 9 Financial Instruments – overview

This factsheet outlines the key requirements of IFRS 9 Financial Instruments, including classification and measurement, and impairment of financial assets. It’s focus is on the non-financial sector.

2018 IFRS Accounts

This factsheet highlights new and modified requirements for preparers of IFRS accounts with helpful tips on how to apply the changes in practice.

IFRS 17 Insurance Contracts

This factsheet provides guidance for non-insurers assessing whether or to what extent they will be affected by the IFRS 17.

2018 UK GAAP Accounts

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 - Impairment of assets

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

Future events and webinars

FRS 105 The micro-entities regime – all you need to know

This will address some practical issues that have emerged from FRS 105 The Financial Reporting Standard applicable to the micro-entities regime. It will also cover the recent amendments to the standard following the 2017 triennial review.

Accounting Financial Reporting update London

Find out about the headline changes to FRS 102 and FRS 105, learn the pitfalls and opportunities on transition relating to investment properties, and understand the opportunities in acquisition accounting amongst other learning outcomes.

Webinars, videos and podcasts

Accounting standards and eIFRS


A synopsis of each IFRS, identifying recent amendments and which version of the standard applies to a particular period.


Full access to the IASB's eIFRS resource available to Financial Reporting Faculty members.

By All Accounts

By All Accounts, issue 19 (January 2019)

What’s changed in the FRC’s Guidance on the Strategic Report and other narrative reporting requirements. We also highlight Brexit’s impact on the preparation of 2018 financial statements and delve deeper into the triennial review amendments to FRS 102.

By All Accounts, issue 18 (July 2018)

We highlight the reasons behind Carillion’s collapse, discuss how cryptocurrencies work and consider the dilemmas they pose. We explain the triennial review amendments to FRS 102 and consider some of the practical challenges faced in applying IFRS 16 Leases.

By All Accounts, issue 17 (January 2018)

We talk to Kathryn Cearns on the importance of professional ethics, discuss new recommendations for climate-related financial disclosures, provide a progress report on IFRS 15 Revenue implementation and shed some light on the filing options for small company accounts.

Thought leadership: Information for Better Markets