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The UK is gearing up for an end to UK GAAP as we know it. On 30 January 2012, the UK Accounting Standards Board issued three new financial reporting exposure drafts, proposing that all current FRSs and SSAPs are replaced by the financial reporting standard applicable in the UK and Republic of Ireland (draft FRS 102).

FRS 102 was subsequently issued on 14 March 2013. This new standard is the UK's adaptation of the IASB's IFRS for SMEs, an IFRS designed to be used by small and medium sized entities (SMEs) for whom adoption of full IFRS is a burden, with its detailed implementation guidance and vast array of disclosures.

This course covers the key differences between FRS 102 and current UK GAAP

By the end of this course you will have a greater understanding of:

  • which entities can use FRS 102
  • where significant differences lie.

Key information

  • learn at your own pace
  • help meet your annual CPD requirements
  • develop your own learning needs.

BPP is a leading provider of online technical CPD for accounting professionals. 

Disclaimer: This course is available for ACCA members, you may need your ACCA membership number to complete your booking. This course and outline is provided by a third-party course provider. All course bookings are subject to the terms and conditions set by the course provider. Please see individual supplier pages for full terms and conditions. ACCA takes no liability for bookings made with third-party suppliers.


12 months' access 30 GBP (exc. VAT)


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Date: Ongoing
Duration: 1 hour
CPD Units: 1