Posts Categorized: UK GAAP


Currently under review by the ASB is a proposal that will revolutionise the way UK companies prepare their financial statements. If the plans get the go ahead, these are the accounting systems that UK companies will use to prepare their accounts from as early as 2012: IFRS for AIM & Quoted companies IFRS for other ‘publicly accountable entities’… Read more »

UK GAAP: who still uses it?

From this fiscal year most of the public sector will be producing IFRS compliant financial statements (the Local Authorities have a further year’s grace and don’t need to produce IFRS accounts until 2010/11). That means that the following groups of organisations now use IFRS: Companies quoted on UK Stock Exchange Companies quoted on AIM Public… Read more »