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.
Current standard in issue
Amendments applicable from 1 January 2021
Amendments appicable from 1 January 2023
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 and timeline
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
Overview of UK regulation for company accounts
Financial Reporting Faculty, January 2023
This factsheet provides an overview of requirements of company accounts affecting UK companies, including an overview of requirements for different sizes of companies, what needs to be included in the annual accounts, exemption from audit, and approval, circulation and filing of accounts.
The UK Financial Reporting Regime
Financial Reporting Faculty, October 2021
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.
UK Regulation for Company Accounts - pre 2021
Financial Reporting Faculty, January 2021
This factsheet provides an overview of the regulatory requirements affecting UK company accounts. It reflects the requirements of the Companies Act 2006 applicable to financial years beginning before 1 January 2021.
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.
2022 UK GAAP Accounts
Financial Reporting Faculty, updated January 2023
2021 UK GAAP Accounts
Financial Reporting Faculty, updated August 2022
2020 UK GAAP Accounts
Financial Reporting Faculty, updated July 2021
Bloomsbury Accounting and Tax Service
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Bloomsbury Accounting and Tax Service.
The Companies Act 2006 and UK Generally Accepted Accounting Practice
Steve Collings, Bloomsbury Professional (2021)
A chapter introducing the structure of UK GAAP - part of a one-stop-shop guide by Steve Collings on all aspects of UK auditing standards and new UK GAAP accounting standards. The chapter includes a section on FRS 100, with guidance for first-time adoption of FRS 100.
If you have any difficulties using these eBooks, please contact firstname.lastname@example.org.
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.
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 email@example.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 through our document supply service.
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.
Find out more about the Technical and ethics advisory helpline, including our opening hours.
Can't find what you are looking for?
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.