FRS 102: Difference between revisions
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imported>Doug Williamson (Update entry: Added reporting period and deleted reference to other GAAP being superseded.) |
imported>Doug Williamson (Added link to FRS 103 and added to text) |
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FRS 102 - in conjunction with FRS 100 and FRS | FRS 102 - in conjunction with FRS 100, FRS 101 and FRS 103 - is designed to: | ||
# Implement an international-based financial accounting framework for all relevant UK and Irish reporting entities and users. | # Implement an international-based financial accounting framework for all relevant UK and Irish reporting entities and users. | ||
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* [[FRS 100]] | * [[FRS 100]] | ||
* [[FRS 101]] | * [[FRS 101]] | ||
* [[FRS 103]] | |||
* [[UK GAAP]] | * [[UK GAAP]] | ||
Revision as of 15:03, 17 January 2015
Financial Reporting Standard 102 - "The financial reporting standard applicable in the UK and Republic of Ireland" - applies to larger unlisted companies and to other reporting entities.
This applies to reporting periods starting on or after 1 January 2015.
FRS 102 - in conjunction with FRS 100, FRS 101 and FRS 103 - is designed to:
- Implement an international-based financial accounting framework for all relevant UK and Irish reporting entities and users.
- Use the same accounting language regardless of the size of the reporting entity.
- Retain a proportionate approach to disclosure in order to meet users’ information needs, without imposing undue reporting burdens.
See also
Other links
Filling the GAAP, Stanislav Varkalov, The Treasurer, November 2013
