CFM - Recent changes to this Manual
Below are details of the amendments that were published on 10 January 2005 (see the update index for all updates)..
| Section | Title and details of the update |
| CFM4000 | Accounting for loan relationships: reference to International Accounting Standards added. Health warning added that this guidance applies only to accounting periods beginning before 1 January 2005 – see CFM16000+ for later periods. |
| CFM4214 | Error in example corrected: in section of table headed "After 12 months", "debit" substituted for "credit", and vice versa, in first column. |
| CFM12005 | Accounting for derivative contracts: health warning added that guidance now applies only to accounting periods beginning before 1 January 2005. |
| CFM12010 | Development of accounting standards: new paragraphs on International Accounting Standards added. |
| CFM12015 | International standards and developments: updated to reflect recent developments in international and UK standards. |
| CFM12020 | What is a financial instrument: minor qualification inserted into text. |
| CFM12030 | Financial instruments covered by FRS 13: mention of UITF 38 added. |
| CFM12055 | The two models of accounting: reference added to the insertion of a fair value accounting option into company law. |
| CFM12060 | Accounting for specific
derivatives: new material added to accommodate recent changes to UK
accounting standards.
Cross-reference to collective investment schemes guidance added. |
| CFM12065 | Foreign exchange risk: reference to FRED 24 replaced by FRED 30. |
| CFM16000 | New section: Accounting for financial instruments: IAS 32 and IAS 39 |
| CFM17000 | Artificial payments of interest: contents. Guidance on ICTA88/S787 transferred from Inspectors' Manual, IM4855+ |
| CFM17005 | Artificial payments of interest: introduction. Previously IM4855. References to relief for interest as a charge omitted, and reference added to case of Lancaster v CIR. |
| CFM17010 | Artificial payments of interest: sole or main benefit test. Previously IM4856. |
| CFM17015 | Artificial payments of interest: definition of relief. Previously IM4857. |
| CFM17020 | Artificial payments of interest: look at the group as a whole. Previously IM4858. |
