FRS 102 and Purchasing Managers' Index: Difference between pages

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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.
(PMI).


1. ''Economic indicators - US.''


FRS 102 - in conjunction with FRS 100 and FRS 101 - is designed to:
The US Purchasing Managers' Index measures new orders, production, employment and supplier deliveries, based on a survey of North American manufacturing businesses.


# Implement an international-based financial accounting framework for all relevant UK and Irish reporting entities and users.
It is an important measure of economic activity.
# 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All other UK GAAP is withdrawn and replaced with effect from 2015.
The US PMI is published monthly by the US Institute for Supply Management.




==See also==
2. ''UK''.
* [[FRS 100]]
* [[FRS 101]]
* [[UK GAAP]]


[[Category:Accounting_and_Reporting]]
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 ==
* [[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