Corporate Finance Manual

CFM22020 - Accounting for corporate finance: Old UK GAAP excluding FRS 26 lenders: accounting standards

The following guidance covers Old UK GAAP (applied before 2015) where FRS 26 was not applied.

Overview of accounting guidance

There is no single accounting standard that lenders will follow when accounting for loans and other debt instruments.

The principal Accounting Standards which were likely to be relevant to determining the accounting for loan relationships were:

• FRS 4 바카라 사이트˜Capital Instruments바카라 사이트™
• FRS 5 바카라 사이트˜Reporting the substance of transactions바카라 사이트™
• FRS 18 바카라 사이트˜Accounting policies바카라 사이트™

With effect for accounting periods beginning on or after 1 January 2005, a number (but not all) of the requirements set out in FRS 4 were replaced by FRS 25 바카라 사이트˜Financial Instruments: Presentation바카라 사이트™. However, these changes had limited impact on the lender.