Page 387 - SBR Integrated Workbook STUDENT S18-J19

Chapter 24

UK GAAP

Outcome

By the end of this session you should be able to:

 discuss the financial reporting requirements for UK and Republic of Ireland
entities (UK GAAP) and their interaction with the Companies Act requirements

 discuss the reasons why an entity might choose to adopt FRS 101 or FRS 102

 discuss the scope and basis of preparation of financial statements under UK
GAAP

 discuss the concepts and pervasive principles set out in FRS 102

 discuss and apply the principal differences between UK GAAP and full IFRS
Standards.

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 24 of your Study Text

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