Technical factsheet 185: Stock and work in progress

The purpose of this factsheet is to provide guidance on the accounting and disclosure of stock and work in progress within statutory financial statements. This factsheet will consider the provisions within the Companies Act 2006 and the accounting and disclosure requirements within the related accounting regulations, SSAP 9 Stocks and long-term contracts, Financial Reporting Standard for Smaller Entities 2008 (FRSSE 2008), FRSSE 2015 and Financial Reporting Standard 102 (FRS 102) The Financial Reporting Standard Applicable in the UK and Republic of Ireland. We will also consider the contents of UITF 40 Revenue recognition and service contracts.