FRS 101 and Purchasing Managers' Index: Difference between pages

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''UK and Irish accounting.''
(PMI).


Financial Reporting Standard 101, dealing with the Reduced Disclosure Framework for financial reporting in the UK and the Republic of Ireland.
1. ''Economic indicators - US.''


The US Purchasing Managers' Index measures new orders, production, employment and supplier deliveries, based on a survey of North American manufacturing businesses.


FRS 101 applies to companies which are members of larger public groups.
It is an important measure of economic activity.


FRS 101 sets out reduced disclosure requirements (within the framework of IFRS) for 'qualifying entities'.


The US PMI is published monthly by the US Institute for Supply Management.


Qualifying entities for this purpose are members of groups where:


(i) The parent of the group prepares publicly available consolidated financial statements; and <br>
2. ''UK''.
(ii) The qualifying entity is included in the consolidation prepared by the parent company.


A similarly-structured index for UK manufacturing.


==See also==
The UK PMI is published by IHS Markit and the Chartered Institute of Procurement and Supply (CIPS).
* [[FRS 100]]
* [[FRS 102]]
* [[FRS 103]]
* [[FRS 104]]
* [[FRS 105]]
* [[IFRS]]




== External Link ==
3.
*[https://www.iasplus.com/en-gb/standards/uk-gaap/frs101 FRS101 - UK Accounting Plus]


[[Category:Accounting,_tax_and_regulation]]
Similar indices for other economies.
 
 
== See also ==
* [[Chartered Institute of Procurement and Supply]]
* [[Institute for Supply Management]]
* [[ISM Prices Paid index]]
* [[PMI]]
 
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Latest revision as of 14:04, 20 June 2022

(PMI).

1. Economic indicators - US.

The US Purchasing Managers' Index measures new orders, production, employment and supplier deliveries, based on a survey of North American manufacturing businesses.

It is an important measure of economic activity.


The US PMI is published monthly by the US Institute for Supply Management.


2. UK.

A similarly-structured index for UK manufacturing.

The UK PMI is published by IHS Markit and the Chartered Institute of Procurement and Supply (CIPS).


3.

Similar indices for other economies.


See also

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