FRS 102 1A Financial Statement Guidance

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FRS 102 1A Financial Statement Guidance by Mind Map: FRS 102 1A Financial Statement Guidance

1. Events after the end of the reporting period (Section 32)

1.1. Quick overview

1.1.1. Disclosure

1.1.2. Recognition and measurement

1.2. Scope and definitions

1.3. Non-adjusting events

1.4. Adjusting events

1.5. Going concern

1.6. Full FRS 102 disclosure differences

1.7. Current issues and further resources

1.7.1. Covid-19 considerations

1.7.2. Further resources

2. Accounting policies, estimates and errors and notes to the financial statements (Sections 8 & 10)

2.1. Quick overview

2.1.1. Disclosure

2.1.2. Recognition and measurement

2.2. Scope and definitions

2.3. Accounting policies

2.4. Disclosing changes in accounting estimates

2.5. Disclosing prior period errors

2.6. Notes to the financial statements

2.7. Full FRS 102 disclosure differences

2.8. Current issues and further resources

2.8.1. Covid-19 considerations

2.8.2. Further resources

3. Primary financial statements

3.1. Statement of financial position

3.1.1. Quick overview

3.1.2. Scope and definitions

3.1.3. Company law formats

3.1.4. Adapted balance sheet

3.1.5. Abridged balance sheet

3.1.6. Full FRS 102 presentation and disclosure differences

3.1.7. Current issues and further resources

3.2. Statement of comprehensive income and income statement

3.2.1. Quick overview

3.2.2. Scope and definitions

3.2.3. Recognition and measurement

3.2.4. Information to be presented

3.2.5. Company law formats for profit and loss account

3.2.6. Adapted profit and loss account

3.2.7. Abridged profit and loss account

3.2.8. Disclosure of exceptional items

3.2.9. Discontinued operations

3.2.10. Full FRS 102 disclosure differences

3.2.11. Current issues and further resources

3.2.11.1. Covid-19 considerations

3.2.11.2. Further resources

3.3. Consolidated and separate financial statements (Section 9)

3.3.1. Quick overview

3.3.2. Scope and definitions

3.3.3. Recognition and measurement

3.3.4. Companies Act small group financial statements

3.3.5. Small groups and FRS 102

3.3.6. Balance sheet format heading (‘Investments’)

3.3.7. ‘Related undertakings’ disclosures

3.3.8. Disclosures on business combinations and group reconstructions

3.3.9. Full FRS 102 disclosure differences

3.3.10. Current issues and further resources

3.3.10.1. Transition

3.3.10.2. Further resources

4. Leases (Section 20)

4.1. Quick overview

4.1.1. Disclosure

4.1.2. Recognition and measurement

4.2. Scope and definitions

4.3. Disclosure

4.4. Full FRS 102 disclosure differences

4.5. Current issues and further resources

4.5.1. Covid-19 considerations

4.5.2. Transition

4.5.3. Further resources

5. Intangible assets (Section 18)

5.1. Quick overview

5.1.1. Disclosure

5.1.2. Recognition and measurement

5.2. Scope and definitions

5.3. Presentation

5.4. General disclosure

5.5. Revalued intangible assets

5.6. Intangible assets for which a useful life cannot be reliably estimated

5.7. Research and development costs

5.8. Full FRS 102 disclosure differences

5.9. Current issues and further resources

5.9.1. Covid-19 considerations

5.9.2. Further resources

6. Investment property (Section 16)

6.1. Quick overview

6.1.1. Disclosure

6.1.2. Recognition and measurement

6.2. Scope and definitions

6.3. Investment properties accounted for at fair value through profit or loss

6.4. Investment property rented to another group entity and accounted for under the cost model

6.5. Full FRS 102 disclosure differences

6.6. Current issues and further resources

6.6.1. Deferred tax

6.6.2. Covid-19 considerations

6.6.3. Further resources

7. Inventories (Section 13)

7.1. Quick overview

7.1.1. Disclosure

7.1.2. Recognition and measurement

7.2. Scope and definitions

7.3. Disclosure

7.4. Full FRS 102 disclosure differences

7.5. Current issues and further resources

7.5.1. Covid-19 considerations

7.5.2. Further resources

8. Financial instruments (Sections 11, 12 & 22)

8.1. Quick overview

8.1.1. Disclosure

8.1.2. Recognition and measurement

8.2. Scope and definitions

8.3. Financial instruments measured at fair value through profit or loss

8.4. Indebtedness, guarantees and financial commitments

8.5. Hedging

8.6. Loans from directors or shareholders

8.7. Full FRS 102 disclosure differences

8.8. Current issues and further resources

8.8.1. Covid-19 considerations

8.8.2. Further resources

9. Property, plant and equipment (Section 17)

9.1. Quick overview

9.1.1. Disclosure

9.1.2. Recognition and measurement

9.2. Scope and definitions

9.3. Presentation

9.4. General disclosure

9.5. Revalued property, plant and equipment

9.6. Full FRS 102 disclosure differences

9.7. Current issues and further resources

9.7.1. Covid-19 considerations

9.7.2. Further resources

10. Provisions and contingencies (Section 21)

10.1. Quick overview

10.1.1. Disclosure

10.1.2. Recognition and measurement

10.2. Scope and definitions

10.3. Disclosure

10.4. Full FRS 102 disclosure differences

10.5. Current issues and further resources

10.5.1. Covid-19 considerations

10.5.2. Transition

10.5.3. Further resources

11. Borrowing costs (Section 25)

11.1. Quick overview

11.1.1. Disclosure

11.1.2. Recognition and measurement

11.2. Scope and definitions

11.3. Capitalisation of borrowing costs

11.4. Full FRS 102 disclosure differences

11.5. Current issues and further resources

11.5.1. Transition

11.5.2. Further resources

12. Impairment of assets (Section 27)

12.1. Quick overview

12.1.1. Disclosure

12.1.2. Recognition and measurement

12.2. Scope and definitions

12.3. Disclosure

12.4. Full FRS 102 disclosure differences

12.5. Current issues and further resources

12.5.1. Covid-19 considerations

12.5.2. Further resources

13. Income tax (Section 29)

13.1. Quick overview

13.1.1. Disclosure

13.1.2. Recognition and measurement

13.2. Scope and definitions

13.3. Disclosure

13.4. Full FRS 102 disclosure differences

13.5. Current issues and further resources

14. Related party disclosures (Section 33)

14.1. Quick overview

14.1.1. Disclosure

14.1.2. Recognition and measurement

14.2. Scope and definitions

14.3. General disclosure

14.4. Entity is a subsidiary

14.5. Material transactions not conducted under normal market conditions

14.6. Dividend disclosure

14.7. ‘Related undertakings’ disclosures

14.8. Full FRS 102 disclosure differences

14.9. Current issues and further resources

15. Financial statement areas with no required disclosure

15.1. Disclosure Exemptions

15.2. Recommended Disclosures