Towards the end of last year, the Financial Reporting Council (FRC) announced that it would be undertaking three new thematic reviews on financial reporting matters. The areas under focus are pension disclosures, reporting of alternative performance measures (APMs) and significant accounting judgments and sources of estimation uncertainty. 

Having written in a recent column for Accountancy / CCH Daily on APMs, this time I want to focus on the last of those three, judgments and estimates.