The format of the manual has been devised to give guidance on reporting and accounting matters as clearly as possible. Sidebars are used to indicate whether content represents official or interpretative material.
Text describing requirements drawn from official IASB material is shown with no sidebar.
Additional commentary clarifying the requirements of Standards.
Direct quotations from FRS 102.
Examples drawn from Standards.
Deloitte interpretative guidance.
Differences between FRS 102 and IFRS Standards.
Requirements or guidance specific to UK companies.
When you see a disclosure icon () this provides a link to a real-life example of the disclosure requirement under IFRS Standards in IFRS disclosures in practice volume.
Except when the context requires otherwise, interpretative examples follow the convention often adopted by the Board of referring to years as 20X1, 20X2 etc. rather than specifying real calendar years. In such examples, although 20X3 follows 20X2, no further significance attaches to the final digit. Thus, subject to context, 20X1 might represent 2013 or any other relevant year.