Page 297 - Microsoft Word - 00 P1 IW Prelims.docx

UK GAAP

UK GAAP differences

2.1 Differences

Although FRS 102 is based on the IFRS for SMEs there are differences. Many of
these differences are examinable in the P2 UK paper.

You should read about these differences in Section 3 of Chapter 25 in
your Study Text.

291