ICAEW.com works better with JavaScript enabled.

Manufacturing Community resources

Key resources for Manufacturing Community members.

Contents
Back to top

Accounting for leases (IFRS 16)

IFRS 16 Leases IFRS 16 Leases prescribes a single lessee accounting model that requires the recognition of asset and corresponding liability for all leases with terms over 12 months unless the underlying asset is of low value. Lessors apply a two-model approach.
Exclusive IFRS 16 Leases FAQs
  • Helpsheets and support
  • 12 Dec 2019
Financial Reporting Faculty outlines some of the key requirements of IFRS 16 Leases for lessees and lessors. Key differences when reporting leases under FRS 102 are also described.
IFRS 16 summary and timeline
  • Synopsis
  • 13 Dec 2022
A summary of IFRS 16 Leases, including information on current proposals and a timeline of past amendments, announcements, exposure drafts and consultations.

Revenue recognition (IFRS 15)

IFRS 15 Revenue from Contracts with Customers IFRS 15 Revenue from Contracts with Customers provides a single, principles-based five-step model that should be applied to determine how and when to recognise revenue from contracts with customers.
IFRS 15 summary and timeline
  • 09 Apr 2019
A summary of IFRS 15 Revenue from Contracts with Customers, including information on current proposals and a timeline of past amendments, announcements, exposure drafts and consultations.
Exclusive CORPORATE REPORTING FACULTY Modifications to revenue recognition under IFRS 15
  • 18 Nov 2022
A guide to the accounting implications of changes to contracts with customers as a result of the pandemic.

Accounting of inventories (IAS 2)

IAS 2 Inventories Inventories prescribes the accounting treatment for inventories; it provides guidance on the determination of cost and its subsequent recognition as an expense, including any write-down to net realisable value.
IAS plus on IAS 2 - Inventories
  • Website
  • Jan 2019
  • Deloitte
Overview of IAS 2 provided by Deloitte, giving latest developments and overview, a summary of the standard and links to relevant resources.
Stock accounting valuation
  • Article
  • Jun 2014
  • AccountingWEB
Discussion on establishing a basis for estimating stock for the purposes of monthly management accounts.

eBooks

The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Exclusive Inventories
  • eBook chapter
  • 2023
  • PKF International Ltd
  • Wiley Interpretation and Application of IFRS Standards
Updated edition providing a detailed reference guide with practical examples, and IFRIC interpretations and directions. This chapter discusses IAS 2.
Exclusive Inventories
  • eBook chapter
  • 2021
  • Ernst & Young LLP
A global perspective on technical accounting issues with worked examples and illustrations from published financial reports of major listed companies from around the world. This chapter discusses IAS 2.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

UK Business Confidence Monitor

An authoritative and authentic check on the nation's economic pulse.

View the latest report
Abacus

Industry guides

The Industry guides series, produced by the ICAEW Library & Information Service exclusively for ICAEW members and ACA students, provides useful information on a variety of manufacturing industry sectors, including links to market research reports, statistics, information on import and export, trade bodies and trade journals.
Exclusive Construction industry
  • Nov 2023
  • ICAEW Library and Information Service
  • Business and Industry Guide
Guide to researching the building and construction industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive Fashion industry
  • Nov 2022
  • ICAEW Library and Information Service
  • Business and Industry Guide
Guide to researching the fashion industry, including clothing and footwear manufacturing and retail. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive Fast food industry
  • Oct 2023
  • ICAEW Library and Information Service
  • Business and Industry Guide
Guide to researching the fast food industry, including quick service restaurants and takeaways. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive Motor industry
  • Jan 2023
  • ICAEW Library and Information Service
  • Business and Industry Guide
Guide to researching the motor vehicle industry and automobile trade. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive Packaging industry
  • Oct 2023
  • ICAEW Library and Information Service
  • Business and Industry Guide
Guide to researching the packing and packaging industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive Pharmaceutical industry
  • Sep 2022
  • ICAEW Library and Information Service
  • Business and Industry Guide
Guide to researching the drugs and pharmaceuticals industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive Telecommunications industry
  • Jan 2023
  • ICAEW Library and Information Service
  • Business and Industry Guide
Guide to researching the telecommunications industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive Toy industry
  • Jan 2021
  • ICAEW Library and Information Service
  • Business and Industry Guide
Guide to researching the toy industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
View all

Industry press

The ICAEW Library & Information Service provides a hand-picked collection of industry press articles as a benefit of ICAEW membership. If you are unable to access an article, please see our Online resources troubleshooting or contact library@icaew.com.

Exclusive Barnes Reports: Beer & Ale wholesale industry
  • Article
  • 01 Jan 2024
  • Barnes Reports
Annual Barnes industry report for the beer and ale wholesale industry, covering 62 countries and providing data on industry establishments, sales, and employment.
Exclusive Why food manufacturers will continue the reformulation game
  • Article
  • 12 Dec 2023
  • Dean Best
Food manufacturers are increasingly reformulating their products in order to cut costs, according to industry experts. The rising cost of ingredients, driven by factors such as energy prices and geopolitical issues, has led companies to tweak recipes and swap out more expensive ingredients for cheaper alternatives. While it is difficult to directly link reformulation to rising ingredient costs, experts believe it is a widespread practice. The article investigates whether reformulation has ramped up during the current period of high inflation.
Exclusive 6 ways AI might impact manufacturers
  • Article
  • 01 Dec 2023
  • John Davis
The article focuses on the ways artificial intelligence (AI) integrated with enterprise resource planning (ERP) software can positively impact manufacturing. Topics include inventory management, quality control through AI-based inspection systems, pricing optimization, demand forecasting, AI's role in supply chain management, and predictive maintenance scheduling for minimizing downtime.
Exclusive Activity Value Management (AVM) in Greater China
  • Article
  • 01 Oct 2023
  • Anne Wu
Activity value management, a cost management system, has helped many companies save money and improve performance. Anne Wu explains how she built up the system through 33 years of integrating academic research, teaching, and practical implementation in the manufacturing and service sectors.
Exclusive Determining working capital adjustments using a Bardahl analysis
  • Article
  • 01 Sep 2023
An excerpt from Gary Trugman’s Understanding Business Valuation, 6th edition, which gives some practical advice on how to use a Bardahl analysis to adjust for working capital. Business valuers often need to determine how much working capital is required for a company's operations, and the Bardahl analysis method is one way of going about this. It can be a particularly useful tool for manufacturing companies.
Exclusive A company reinvents itself in sign of hope for Japan
  • Article
  • 24 Aug 2023
  • Winnie Hsu, Sano Hideyuki
The huge conglomerate Hitachi became a symbol of corporate Japan's slide toward mediocrity when it got into difficulties during the global financial crisis and posted the biggest loss ever by a Japanese manufacturer. Yet the company has since undergone a turnaround, revamping its strategy to focus on growth and making its board more international and independent.
Exclusive How to improve quality with software
  • Article
  • 01 Aug 2023
  • Michelle Bangert
Software drives many of today's manufacturing trends. The article discusses how software can play a crucial role in improving manufacturing quality, amid challenges like labour shortages. It emphasizes the importance of using software's capabilities to drive continuous improvement in manufacturing processes, highlighting that even a small investment in education and feature adoption can lead to substantial cost savings and enhanced efficiency.
Exclusive Embarking on a business agility journey: Balancing autonomy versus control
  • Article
  • 01 Aug 2023
  • Michela Beretta, Pernille Smith
This article presents a longitudinal two-year case study of the agile implementation journey of a world-leading product manufacturer. It shows how the firm was able to achieve a large-scale agile implementation through a mix of top-down and bottom-up approaches. It also provides a framework to guide managers in undertaking an organization-wide agile implementation.
Terms of use

You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

View all

Online magazines

These manufacturing industry magazines and journals are available only to logged-in ICAEW members, ACA students and other entitled users. To access them, please log in.

Articles and books in the Library collection

The ICAEW Library & Information Service holds a print collection of over 45,000 books and around 160 current professional journals. For information on borrowing books from the Library please contact us or see our guide to book loans.

A-Z of plant & machinery, 2024-25
  • Library book
  • 2024
  • R. Chidell, J. Iles
  • Claritax Books
This book assists with determining whether particular assets are likely to qualify as plant or machinery for capital allowance purposes, with reference to case law and HMRC guidance.
Doing business after Brexit: a practical guide to the legal changes
  • Library book
  • 2017
  • H.Tse
  • Bloomsbury
This book brings together a team of legal experts and industry leaders, to provide insight into how possible Brexit scenarios are likely to play out and the effect they may have on businesses. Includes a chapter on manufacturing.
International agency, distribution and licensing agreements
  • Library book
  • 2003
  • R.Christou
  • Sweet & Maxwell
Contains chapters on manufacturing agreements inside and outside the EC, including the commercial and legal background. Agreements within Australia, Cyprus, Czech Republic, Hong Kong SAR, Hungary, Poland and Singapore are dealt with in separate sections.
View all

Manufacturing agreements

An ICAEW Library & Information Service guide to what a manufacturing agreement is, what it should cover and how we can help by providing model agreements and checklists.
LIBRARY Manufacturing agreements
What to include in a manufacturing agreement and how to find model agreements and checklists.

Useful links

The Manufacturer - Reports
  • Website
  • The Manufacturer
Research reports and white papers from The Manufacturer magazine. Some require subscription or free registration to access.
Global M&A Trends in Industrial Manufacturing and Automotive Sectors: 2023 Outlook
  • Website
  • PWC
PwC's latest trends outlook reports that portfolio optimisation and divestitures will be high on CEOs’ agendas in 2023, along with strategic M&A investments, primarily in tech and ESG-related areas.
Global Manufacturing Prospects 2023
  • Website
  • KPMG
Key findings from KPMG's Global Manufacturing Prospects 2023, which surveyed 182 CEOs of manufacturers across the world on their top challenges and priorities for 2023.
Make UK Manufacturing industry reports
  • Website
  • Make UK
Current industry reports, including an annual Executive survey of manufacturing executives’ views on the year ahead and quarterly Outlook reports providing a snapshot survey of business conditions in UK engineering and manufacturing companies.
CBI Industrial trends survey
  • Website
  • CBI
The Confederation of British Industry's monthly and quarterly survey covers 38 sectors of UK manufacturing at chief executive level.
BDO Manufacturing Outlook Report
  • Website
  • BDO/Make UK
BDO's quarterly outlook reports, in partnership with Make UK, provide an update on the activities of UK manufacturers over the past three months. Data is provided on output, orders, employment and investment, prices and margins and the general economic environment. A sector forecast for individual manufacturing industries is also included.
Terms of use

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.

Thought leadership

Our thought leadership is intended to change thinking and behaviour. We want to help our members do their jobs as best they can. Ultimately, this will enable a world of sustainable economies.
Find out more
Rodin's The Thinker
Information

Some of the content on this web page was provided by the Chartered Accountants’ Trust for Education and Research, a registered charity, which owns the library and operates it for ICAEW.