The requirements relating to specific topics are set out as sections within FRS 102. However, individual sections of the standard should not be looked at in isolation as other parts may be relevant.
FRS 102 is regularly updated and amended by the Financial Reporting Council (FRC). For the full text of FRS 102, guidance on which version of the standard to apply and notes on recent amendments, see our main FRS 102 page.
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Bloomsbury Accounting and Tax Service
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First-time adoption of FRS 102
A chapter providing practical guidance on first-time adoption of FRS 102 for financial statements under UK GAAP.
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The transition to FRS 102
A chapter on transition to FRS 102 within the small companies' financial reporting framework and the micro-entities legislation, written by a specialist on small company reporting issues.
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Transition to FRS 102
A chapter on transitioning to new UK GAAP, in this accessible introduction to the accounting rules relevant to tax computations in the UK.
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FRS 100 – Application of financial reporting requirements
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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Transition to FRS 102
Guide from 2019 focusing on each area of the financial statement in detail with illustrative examples. This chapter gives a comparison of FRS 102 Section 35 and IFRS, and covers the preparation of the opening FRS 102 statement of financial position, mandatory and optional exceptions to retrospective application, presentation and disclosure.