FRS 100

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UK and Irish accounting.

Financial Reporting Standard 100, which deals with the application of Financial Reporting Requirements for companies and other reporting entities in the UK and the Republic of Ireland.


FRS 100 sets out overall financial reporting requirements.

It gives many entities a choice of detailed accounting requirements depending on factors such as:

(i) Their size.
(ii) Whether or not they are part of a publicly listed group.


FRS 100 does not require any entities to apply international accounting standards that were not already required to do so.

Those eligible entities retain the option of continuing to use the UK domestic Financial Reporting Standard for Smaller Entities (FRSSE).


FRS 100 - in conjunction with FRS 101, FRS 102 and FRS 103 - is designed to:

  1. Implement an international-based financial accounting framework for all relevant UK and Irish reporting entities.
  2. Use consistent accounting language, regardless of the size of the reporting entity.
  3. Retain a proportionate approach to disclosure: to meet users’ information needs, without imposing excessive reporting burdens.


See also