FRS 101 and Leptokurtic frequency distribution: Difference between pages

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''UK and Irish accounting.''
A leptokurtic frequency distribution (or leptokurtotic distribution) has a larger number of values clustered at the peak and in the tails, than a comparable normal distribution with the same variance and mean.


Financial Reporting Standard 101, dealing with the Reduced Disclosure Framework for financial reporting in the UK and the Republic of Ireland.
A possible explanation for this shape is that the market under review is mean reverting for small market movements (explaining the clustering at the peak) and trending for large market movements (explaining the clustering in the tails).


This applies to reporting periods starting on or after 1 January 2015.
== See also ==
* [[Frequency distribution]]
* [[Leptokurtosis]]
* [[Lognormal frequency distribution]]
* [[Mean reversion]]
* [[Normal distribution]]
* [[Normal frequency distribution]]
* [[Tail]]
* [[Trend analysis]]
* [[Volatility smile]]


FRS 101 applies to companies which are members of larger public groups.
FRS 101 sets out reduced disclosure requirements (within the framework of IFRS) for 'qualifying entities'.
Qualifying entities for this purpose are members of groups where:
(i) The parent of the group prepares publicly available consolidated financial statements; and <br>
(ii) The qualifying entity is included in the consolidation prepared by the parent company.
==See also==
* [[FRS 100]]
* [[FRS 102]]
* [[FRS 103]]
* [[IFRS]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 14:19, 23 October 2012

A leptokurtic frequency distribution (or leptokurtotic distribution) has a larger number of values clustered at the peak and in the tails, than a comparable normal distribution with the same variance and mean.

A possible explanation for this shape is that the market under review is mean reverting for small market movements (explaining the clustering at the peak) and trending for large market movements (explaining the clustering in the tails).

See also