Synopsis: |
"The Government Financial Reporting Manual (FReM)" is the technical accounting guide to the preparation of financial statements. It complements guidance on the handling of public funds published separately but the relevant authorities in England and Wales, Scotland and Northern Ireland. The Manual is prepared following consultation with the Financial Reporting Advisory Board (FRAB) and is issued by the relevant authorities. The Manual is kept under constant review and is updated to reflect developments in international financial reporting standards (IFRS), and where appropriate, comments received by users. Key features of this title include: Accounting Principles; Parliamentary Accountability; Accounting boundaries; Form and content of the annual report and accounts; Tangible non-current assets; Intangible non-current assets; Impairments; Financial Instruments; Other assets and liabilities; Income and expenditure; Pensions Accounting; Revenue from taxes and duties; and, Whole of Government Accounts. |