Many companies in the UK and Republic of Ireland with December 2015 year-ends are in their first year of reporting under new UK GAAP - FRS 102 The Financial Reporting Standard applicable in the


Early preparation for the new UK GAAP is not just about understanding the different accounting policies, treatments and methodologies inherent within the standard or the additional disclosures that

With less than 30 working days until UK GAAP is dramatically altered, accountants have to get up to speed to prevent being non-compliant or risk failing their clie

With so much change taking place in financial reporting as the UK negotiates the transition to a new regime for small/medium and micro companies, Stev


Companies need to start preparing their accounts now for the biggest change to financial reporting rules in a generation, the

Accounting standards first arrived on the UK scene in 1970 when the Accounting Standards Committee (ASC) was set up with the specific objective of developing defin

The financial reporting overhaul is going to happen sooner than you think and represents the biggest change UK GAAP has seen.


In the second of a series of articles on the new UK GAAP


During 2012 there were a number of new requirements being added to UK GAAP during 2012  - not least of which is some new terminology. 


At its board meeting on 5 March 2013, the Financial Reporting Council (FRC) finally approved FRS 102 ‘The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland’.