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.
