FRS 102: Difference between revisions
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* [[UK GAAP]] | * [[UK GAAP]] | ||
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== Other links == | |||
[http://www.treasurers.org/node/9519 Filling the GAAP, Stanislav Varkalov, The Treasurer, November 2013] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
Revision as of 16:54, 5 February 2014
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 with effect from 2015.
FRS 102 - in conjunction with FRS 100 and FRS 101 - 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.
All other UK GAAP is withdrawn and replaced with effect from 2015.
See also
Other links
Filling the GAAP, Stanislav Varkalov, The Treasurer, November 2013
