Accounting Standards and Guidance

FRC Financial Reporting Standards (FRSs)

UK/Irish accounting framework (effective for periods beginning on or after 1 Jan 2015)

FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland

Section 34 Specialised Activities
Section 34 – Financial Institutions
Section 34 – Disclosures
Section 34 – Significance of financial instruments for financial position and performance
34.19A financial institution shall disclose information that enables users of its financial statements to evaluate the significance of financial instruments for its financial position and performance.
34.20A financial institution shall disclose a disaggregation of the statement of financial position line item by class of financial instrument. A class is a grouping of financial instruments that is appropriate to the nature of the information disclosed and that takes into account the characteristics of those financial instruments.
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