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FRS 100 Application of Financial Reporting Requirements

FRS 100 sets out the financial reporting regime for the UK and Republic of Ireland entities effective from 1 January 2015. It explains which standards apply to which entity, when an entity can apply the reduced disclosure framework, and when an entity should follow a SORP.

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Which version of the standard?

Annual period Effective version of the standard Notes on amendments and early adoption
Starts on or after 1 January 2021 FRS 100 Application of Financial Reporting Requirements
(September 2024)		 This edition incorporates the Periodic Review 2024 amendments, which are not mandatory at time of publishing.

Recent amendments

Summary

The objective of FRS 100 is to set out the applicable financial reporting framework for entities preparing financial statements in accordance with legislation, regulations or accounting standards applicable in the UK and Republic of Ireland.

It applies to financial statements that are intended to give a true and fair view.

ICAEW factsheets and guides

Exclusive Overview of UK regulation for company accounts
  • Helpsheets and support
  • 09 Aug 2023
  • PDF (445kb)
This factsheet provides an overview of requirements of company accounts affecting UK companies, including an overview of requirements for different sizes of companies, what needs to be included in the annual accounts, exemption from audit, and approval, circulation and filing of accounts.
Exclusive The UK Financial Reporting Regime
  • Helpsheets and support
  • 17 Apr 2023
  • PDF (408kb)
This factsheet provides an overview of the UK accounting framework, which accounting standards are applicable, and the options that are available to different types of entity.

Annual factsheets

The Corporate Reporting Faculty's annual UK GAAP factsheets provide a more detailed discussion of recent UK GAAP amendments.

Exclusive 2024 UK GAAP Accounts
  • Helpsheets and support
  • 23 Aug 2024
  • PDF (374kb)
This factsheet deals primarily with requirements that are mandatory for accounting periods beginning on or after 1 January 2024.
Exclusive 2023 UK GAAP Accounts
  • Helpsheets and support
  • 09 Aug 2023
  • PDF (318kb)
This factsheet deals primarily with requirements that are mandatory for accounting periods beginning on or after 1 January 2023.
Exclusive 2022 UK GAAP Accounts
  • Helpsheets and support
  • 09 Aug 2023
  • PDF (327kb)
This updated factsheet highlights new and modified requirements and includes practical tips on the implications of the changes.

eBooks

The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Exclusive UK GAAP 2019: Generally Accepted Accounting Practice under UK and Irish GAAP
  • eBook
  • 2019
  • Rob Carrington, Ernst & Young
  • Wiley
Guide from 2019 focusing on each area of the financial statement along with illustrative examples. It provides a detailed guide to interpreting and implementing the UK accounting standards FRS 100, FRS 101, FRS 102, FRS 103 and FRS 104.
Exclusive FRS 100 – Application of financial reporting requirements
  • eBook chapter
  • 2019
  • Rob Carrington, Ernst & Young
  • Wiley
  • UK GAAP 2019 - Generally Accepted Accounting Practice under UK and Irish GAAP
Guide from 2019 focusing on each area of the financial statement in detail with illustrative examples. This chapter covers the basis of preparation of financial statements, the status of the SORPs, requirements for transition, and requirements of the Companies Act 2006.
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You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Bloomsbury Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Bloomsbury Accounting and Tax Service.

Exclusive Financial reporting for unlisted companies in the UK and Republic of Ireland
  • eBook
  • 2024
  • Steve Collings
  • Bloomsbury Professional
  • Financial Reporting for Unlisted Companies in the UK and Republic of Ireland
This latest edition of Financial Reporting for Unlisted Companies in the UK and Republic of Ireland caters for all changes made to UK and Ireland accounting standards up to 31 October 2023.
Exclusive The Companies Act 2006 and UK and Ireland Generally Accepted Accounting Practice
  • eBook chapter
  • 2023
  • Steve Collings
  • Bloomsbury Professional
  • Practical Guide to UK Accounting and Auditing Standards
A chapter introducing the structure of UK and Ireland GAAP, in this guide to all aspects of UK auditing standards and UK GAAP accounting standards.
Terms of use

You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the Acceptable usage terms.

Other resources

UK Accounting Plus
  • Website
  • Deloitte

Overviews of each UK accounting standard, with a history and timeline of key events and amendments.

UK GAAP model accounts and disclosure checklists Example financial statements and disclosure checklists for UK GAAP available from the ICAEW Library & Information Service, Bloomsbury and other sources.

Further support

Financial reporting helpsheets
Corporate reporting resources

Practical resources including factsheets, online guides and webinars on financial and non-financial reporting.

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