FRS 100

FRS 100 applies from 1 January 2015

Convergence of financial reporting standards is at last in sight with the Financial Reporting Council's publication of FRS 100, FRS 101 and FRS 102, which between them set out the new UK GAAP framework that will be implemented from 1 January 2015. 

Early adoption was permitted, and indeed encouraged by ACCA, but mandatory implementation is for accounting periods beginning on or after 1 January 2015.

FRS 100, Application of Financial Reporting Requirements, sets out how the new regime will work.