Superseded Staff Education Notes
Published: 5 October 2023
2 minute read
In 2013, the FRC Staff prepared 16 Staff Education Notes for the convenience of users of FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. The Staff Education Notes were not part of FRS 102. They aimed to illustrate certain requirements of FRS 102, but were not to be relied upon as a definitive statement on the application of that standard.
The Staff Education Notes were written for entities that applied FRS 102 in full. Entities that used Section 1A Small Entities of FRS 102 may still have found the Staff Education Notes useful because the recognition and measurement requirements of FRS 102 also apply to these entities.
For entities that apply FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime some of the content of the Staff Education Notes may have been useful, but there were (and are) a number of significant differences between the recognition, measurement, presentation and disclosure requirements of FRS 102 and FRS 105. The summary table (PDF) summarised where some of the content in the Staff Education Notes may have been useful for entities applying Section 1A of FRS 102, or FRS 105.
Some of the Staff Education Notes included an analysis of differences between the applicable reporting requirements under previous UK and Ireland GAAP and FRS 102. This was an assessment of the principal accounting requirements, but it was not necessarily intended to identify differences in the detail which could result in a change in the accounting for certain transactions.
Unless otherwise stated below, the Staff Education Notes were published in December 2013 and were not subsequently updated for any changes to the law, regulations or FRS 102. In 2018, after the Triennial Review of FRS 102, new Staff Factsheets were produced which superseded these Staff Education Notes.
| Name | SEN 01 - Cash Flow Statements |
|---|---|
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 383.7 KB |
| Name | SEN 02 Debt Instruments Amortised Costs (amended Oct 2015) |
| Publication date | 27 October 2015 |
| Type | Guidance |
| Format | PDF, 292.0 KB |
| Name | SEN 03 - Impairments to trade debtors |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 152.8 KB |
| Name | SEN 04 - Investment Properties |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 109.9 KB |
| Name | SEN 05 - Property, Plant and Equipment |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 134.7 KB |
| Name | SEN 06 - Leases |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 201.8 KB |
| Name | SEN 07 - Revenue Recognition |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 181.9 KB |
| Name | SEN 08 - Government Grants |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 103.1 KB |
| Name | SEN 09 - Employee Benefits - Short term employee benefits and termination benefits |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 120.1 KB |
| Name | SEN 10 - Employee Benefits - Defined benefit plans |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 146.6 KB |
| Name | SEN 11 - Forward Exchange Contracts |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 242.6 KB |
| Name | SEN 12 - Incoming Resources from non-exchange transactions |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 166.2 KB |
| Name | SEN 13 - Transition to FRS 102 (amended Oct 2015) |
| Publication date | 27 October 2015 |
| Type | Guidance |
| Format | PDF, 358.4 KB |
| Name | SEN 14 - Illustrative Credit Union Financial Statements |
| Publication date | 18 December 2013 |
| Type | Guideline |
| Format | PDF, 505.5 KB |
| Name | SEN 15 - Acquisitions and Disposals of Subsidiaries |
| Publication date | 18 December 2013 |
| Type | Guidance |
| Format | PDF, 194.9 KB |
| Name | SEN 16 - Financing Transactions (Oct 2015) |
| Publication date | 27 October 2015 |
| Type | Guidance |
| Format | PDF, 363.3 KB |