Timelines for Transition to FRS (the new UK GAAP)
  •   28 Jan, 2015  Posted By Meena Mahadevan Iyer   Posted in FRS 102
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Financial Reporting Council (FRC) has issued three new accounting standards collectively known as Financial Reporting Standards (FRS) which will replace the existing UK GAAP. Synopses of the three FRS standards are given below: FRS 100: Application of Financial Reporting Requirements … Continue reading

New UK GAAP – FRS 100, 101 & 102 : A Quick Overview

The Financial Reporting Council (FRC) in UK has published three standards which form the basis of the new UK GAAP. These standards are applicable in UK and in Ireland. This framework will be effective for the accounting periods beginning from … Continue reading

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