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PwC financial reporting publications

PwC is committed to helping businesses improve the quality of their financial reporting. Our extensive library of publications provides the means to help you gain a better understanding of the principles of International Financial Reporting Standards (IFRS), as well as IFRS for the UK and UK GAAP. Past editions may be available - please contact us on global.ifrs.publications@uk.pwc.com.

You may also be interested in Inform (inform.pwc.com), your resource for accounting standards, financial reporting and regulatory matters - click here for more information.

Latest Publications
Manual of accounting – UK GAAP (3rd edition)

PwC’s ‘Manual of accounting – UK GAAP, 4th edition’ provides comprehensive guidance on the accounting regime that applies in the UK including:

•  FRS 100, ‘Application of financial reporting requirements’;
•  FRS 101, ‘Reduced disclosure framework – Disclosure exemptions from EU-adopted IFRS for qualifying entities’;
•  FRS 102, ‘The financial reporting standard applicable in the UK and Republic of Ireland’;
•  FRS 103, 'Insurance contracts’;
•  FRS 104, 'Interim financial reporting’;
and the accounting requirements of the Companies Act 2006 that together make up the new UK GAAP.


The Manual offers a clear explanation of the new UK reporting requirements and it will help you to implement the new requirements and deal with day-to-day issues as well as difficult issues under the new regulations. In addition to providing reliable up-to date guidance on the new UK GAAP, the Companies Act and relevant statutory instruments, it includes practical worked examples to help illustrate the explanations.

This 4th edition has been updated for changes from the triennial review of the UK accounting standards issued in December 2017. The main changes expand the definition of a basic financial instrument to include more types of instrument through the inclusion of a principle-based description, permit investment property rented to a group entity to be measured based on cost (rather than fair value) and require fewer intangible assets to be separated from goodwill in a business combination. The changes also simplify the measurement of directors’ loans to small entities. It has also been updated for practical experience in implementing the standards.Written by PwC’s UK Accounting Consulting Services team of specialists, the Manual will be of particular interest to finance directors, chief accountants and others concerned with preparing and using UK GAAP and reduced disclosure company financial statements.

Published date: January 2019

In depth – New IFRSs for 2019

Since March 2018, the IASB has issued the following:

• Conceptual framework
• Amendments to IFRS 3, ‘Business combinations’, Definition of a business
• Amendments to IAS 1, ‘Presentation of financial statements’, and IAS 8, ‘Accounting policies, changes in accounting estimates and errors’, 
Definition of material

This guide summarises the amendments plus those standards, amendments and IFRICs issued previously that are effective from 1 January 2019.

It is designed to be used by preparers, users and auditors of IFRS financial statements. It includes a quick reference table of each standard/amendment/ interpretation categorised by the effective date, whether early adoption is permitted and the EU endorsement status as of 1 March 2019. The publication gives an overview of the impact of the changes, which may be significant for some entities, helping companies understand if they will be affected and to begin their considerations. It will help entities plan more effectively by flagging up where new processes and systems or more guidance may be needed.

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