FRS 102International Financial Reporting Standards (IFRSUK GAAPSummary UK GAAP has been in existence for many years and financial reporting has evolved considerably over those years. The prevalence of International Financial Reporting Standards (IFRS) has gathered faster pace with many jurisdictions seeing...
differences between current UK GAAP and FRS 102. We have also prepared a ‘FRS 102 - Initial checklist’ to help you quickly identify areas that may affect you on transition to FRS 102. Area Changes Primary statements These may be renamed in line with the titles used under EU IFRS: 1. ...