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Guidance

Government financial reporting manual: application guidance

Application guidance on IFRS implementation for the public sector context.

Updates to this page

From:
HM Treasury
Published:
9 July 2014
Last updated:
12 June 2026
Show all updates

  1. Valuation of non-investment assets application guidance updated, and HTML version added.

  2. IFRS 16 Leases guidance updated as a result of the budgeting change for 2026-27.

  3. Fair Pay Disclosure Guidance and Business Combinations under Common Control updated.

  4. Supplementary guidance added to cover the application of IFRS 17 paragraph B11 and insurance contracts vs financial guarantee contracts.

  5. Guidance on business combinations under common control has been updated, and non-investment asset valuation guidance has been added. IFRS 17 guidance has been updated.

  6. Accounting for Social Benefits: Application Guidance has been added.

  7. PPP arrangements: Guidance on accounting for indexation linked payments PDF added.

  8. IFRS 17 Insurance Contracts Application Guidance has been added

  9. IFRS 16 Application Guidance was updated to reflect changes in the implementation date, updates to other associated guidance, and add clarifications on the remeasurement basis with regards to cash flows.

  10. Added the new Hutton Guidance on fair pay

  11. Added new document 'IAS 37 and Grantor Accounting: Application Guidance' for users. The Application Guidance is to be used by annual account preparers for their year-end reporting (therefor I would request fast publication). Minor changes to capitalisation of tittles and document order.

  12. Updated ‘IFRS 16 Leases: Application guidance’

  13. Updated with 'IFRS 16 application guidance'.

  14. Updated with 'IFRS 16 Leases: supplementary budgeting guidance'.

  15. Updated 'IFRS 16 Application Guidance'

  16. Updated 'IFRS 16 Leases: Application guidance'.

  17. Updated 'IFRS 16 Leases: Application guidance'.

  18. Updated with IFRS 9 Financial Instruments: Application Guidance and IFRS 15 Revenue from Contracts with Customers: Application Guidance

  19. Attached: IFRS group accounting standards: application guidance

  20. First published.

Documents

Non-investment Asset Valuation application guidance

PDF, 212 KB, 18 pages

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Guidance on business combinations under common control

PDF, 340 KB, 25 pages

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IFRS 17 Insurance Contracts: Application Guidance

Ref: ISBN 978-1-916693-32-6, PU 3350

PDF, 936 KB, 47 pages

IFRS 17 Insurance Contracts: Supplementary Application Guidance

PDF, 242 KB, 7 pages

This file may not be suitable for users of assistive technology.

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Accounting for Social Benefits: Application Guidance

PDF, 169 KB, 5 pages

This file may not be suitable for users of assistive technology.

Request an accessible format
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

PPP arrangements: Guidance on accounting for indexation linked payments

PDF, 211 KB, 5 pages

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Fair Pay Disclosure Guidance

PDF, 202 KB, 8 pages

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If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

IAS 37 and Grantor Accounting: Application Guidance

PDF, 127 KB, 9 pages

This file may not be suitable for users of assistive technology.

Request an accessible format
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

IFRS 16 Leases: Supplementary Budgeting Guidance

PDF, 2.37 MB, 11 pages

IFRS 16 Leases: Application guidance

PDF, 546 KB, 34 pages

IFRS 15 Revenue from Contracts with Customers: Application Guidance

PDF, 251 KB, 25 pages

IFRS 9 Financial Instruments: Application Guidance

PDF, 285 KB, 37 pages

IFRS Group Accounting Standards: Application Guidance

Ref: ISBN 978-1-909790-99-5, PU1660

PDF, 227 KB, 24 pages

IAS16: Asset valuation in the asset valuation model

PDF, 13.6 KB, 1 page

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Recognition point for all tax and duty heads

PDF, 103 KB, 16 pages

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Guidance on asset valuation

PDF, 131 KB, 8 pages

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IAS16: Categories contained in the road network

PDF, 25 KB, 2 pages

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IAS 16: Types of maintenance on the trunk roads

PDF, 20.6 KB, 3 pages

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IAS16: Practical implication of accounting for roads under IFRS

PDF, 23.7 KB, 1 page

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Valuation of non-investment assets application guidance (HTML version)

HTML

Details

The government financial reporting manual is the technical accounting guide for the preparation of financial statements. HM Treasury publishes guidance on International Financial Reporting Standards (IFRS) implementation for the public sector to help preparers of central government annual reports and accounts.

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