Standard Numbers

Question 1

What are the accounting standards for provisions, contingent liabilities and contingent assets?

Answer 1

IAS37, FRS12, FRS102 section 21

Question 2

What are the accounting standards for PPE?

Answer 2

IAS16, FRS15 and FRS 102

Question 3

What is the accounting standard for inventory?

Answer 3

IAS2, FRS102 and SSAP9

Question 4

What is the accounting standard for construction contracts?

Answer 4

IAS11, FRS102 sect23, SSAP9

Question 5

What is the accounting standard for revenue recognition?

Answer 5

IAS18, FRS102 sect23

Question 6

What is the Statement of Cash Flow accounting standard?

Answer 6

IAS7

Question 7

What standards do individual listed companies can use

Answer 7

FRC’s FRS100-102

Question 8

What are the standards small or medium companies can use?

Answer 8

Financial reporting standards for smaller entities

Question 9

What are the standards for impairment?

Answer 9

FRS11, FRS102 an IAS 36

Question 10

What are the accounting standards for after the accounting period?

Answer 10

FRS21, FRS102 sect 32, IAS10