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The Future of UK GAAP - IFRS is coming

The Future of UK GAAP - IFRS is coming

Financial reporting is continually changing. But for UK GAAP reporters it’s changing in a big way, with a new accounting framework to consider. For accounting periods beginning on or after 1 January 2015, only companies using the FRSSE will be able to continue without change. For all other former UK GAAP reporters, one of the replacement standards must be used for 31 December 2015 year ends. The 2014 comparative figures will also need to use the new framework.

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