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FRS 100 Application of Financial Reporting Requirements

FRS 100 Application of Financial Reporting Requirements sets out a new financial reporting regime for the UK entities effective from 1 January 2015. It explains which standards apply to which entity, when an entity can apply the reduced disclosure framework, and when an entity should follow a SORP.

Which version of the standard?

Guidance on the effective version of FRS 100 for different annual periods along with notes on amendments and early adoption are available exclusively to Financial Reporting Faculty members – log in or find out how to join the faculty.

For annual periods from 1 January 2019

For annual periods before 1 January 2019

See the FRC's website for a full list of standards in issue and earlier publications, including previous versions of FRS 100, amendments and guidance.

Summary

Looking for the synopsis? Our FRS 100 summary and timeline describes options for preparing financial statements – alongside a synopsis, any current proposals and a timeline of FRC updates relating to the standard.


ICAEW guides and support

Helpsheets and factsheets

UK Regulation for Company Accounts
Financial Reporting Faculty, October 2019
This factsheet provides an overview of the legal requirements affecting UK company accounts. The factsheet applies to both UK GAAP and IFRS adopters.

The UK Financial Reporting Regimes 🔒
Financial Reporting Faculty, July 2019
This factsheet provides an overview of the UK accounting framework and, in particular, which accounting standards are applicable and the options that are available to different types of entity.

Annual factsheets

These exclusive factsheets, produced annually by the Financial Reporting Faculty for its members, highlight all new and modified requirements for preparers of UK GAAP accounts. Each annual edition focuses primarily on new requirements with mandatory application for preparers with periods beginning on or after 1 January of that year.

2019 UK GAAP Accounts 🔒
Financial Reporting Faculty, June 2019

2018 UK GAAP Accounts 🔒
Financial Reporting Faculty, June 2018

2017 UK GAAP Accounts 🔒
Financial Reporting Faculty, June 2017 


eBooks

Access to eBooks is only available to ICAEW members and ACA students – please log in to view these titles.

FRS 100 – Application of financial reporting requirements 🔒
EY, UK GAAP 2019: Application of FRS 100–104 in the UK (2019)
Fully updated guide 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.

If you have any difficulties using these eBooks, please see our Help and support advice or contact library@icaew.com.


Example accounts

Model accounts and disclosure checklists for new UK GAAP
The ICAEW Library can provide model accounts and disclosure checklists for FRS 101, FRS 102, FRS 102 Section 1A, FRS 103 and FRS 105. The examples and checklists cover a broad range of entities, including small companies, charities, groups, LLPs and micro-companies.


Further reading

Manuals and handbooks

The ICAEW Library stocks the latest UK GAAP handbooks and manuals. You can browse all our books on FRS 100 or request any of the following popular titles by contacting us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com

Manual of accounting: UK GAAP
PwC, Lexis Nexis, 2019
Practical guide with worked examples explaining the requirements of FRS 100, FRS 101, FRS 102, FRS 103, FRS 104 and FRS 105. This edition has been updated for changes from the triennial review issued in December 2017.

GAAP 2019: UK reporting legal and regulatory framework (Volume A)
Deloitte, Croner-i, 2019
This manual deals with legal and regulatory requirements as at 1 July 2018 for UK entities, covering FRS 100 and FRS 101. 

Find out more about how you can borrow books from the ICAEW Library or get articles and documents sent to you by email, post or fax.


Ask ICAEW Technical Advisory Service

Get an opinion from the experts. Our experienced technical advisors can help you with your UK GAAP questions and offer practical advice. Call the advisory helpline on +44 (0)1908 248 250.

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