Page 389 - SBR Integrated Workbook STUDENT S18-J19

UK GAAP

UK GAAP

1.1 The SBR exam

This chapter is for students sitting the SBR UK paper.

If you are sitting the SBR INT paper then do not study this chapter.

1.2 Accounting standards in the UK

Guidance about the accounting standards that UK companies should apply is found
within FRS 100 Application of Financial Reporting Requirements.

International
Financial
Reporting FRS 101 FRS 105 FRS 102
Standards

Companies
Listed Micro- Other
groups within a entities entities
listed group

Note that:

 any entity can choose to apply International Financial Reporting Standards

 a micro-entity can choose to apply FRS 102 instead of FRS 105

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