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Volume B addresses the financial reporting requirements that apply to UK companies that choose to report under UK Generally Accepted Accounting Practice (UK GAAP) applying FRS 102 and, where relevant, FRS 104 for periods commencing before 1 January 2026. For periods commencing on or after 1 January 2026, UK entities applying FRS 102 and FRS 104 should refer to Volume B(I).How to use GAAP in the UKGlossary of terms and abbreviationsEditorial team and contributorsIntroduction to Volume BRecent Changes to Deloitte Guidance in Volume BB1 UK regulatory backgroundB2 Concepts and pervasive principlesB3 Financial statement presentationB4 Statement of financial positionB5 Statement of comprehensive income and income statementB6 Statement of changes in equity and statement of income and retained earningsB7 Statement of cash flowsB8 Notes to the financial statementsB9 Consolidated and separate financial statementsB10 Accounting policies, estimates and errorsB11 Basic financial instrumentsB12 Other financial instruments issuesB13 InventoriesB14 Investments in associatesB15 Investments in joint venturesB16 Investment propertyB17 Property, plant and equipmentB18 Intangible assets other than goodwillB19 Business combinations and goodwillB20 LeasesB21 Provisions and contingenciesB22 Liabilities and equityB23 RevenueB24 Government grantsB25 Borrowing costsB26 Share-based paymentB27 Impairment of assetsB28 Employee benefitsB29 Income taxB30 Foreign currency translationB31 HyperinflationB32 Events after the end of the reporting periodB33 Related party disclosuresB34 Specialised activitiesB35 Transition to FRS 102B36 Interim financial reporting
Volume B addresses the financial reporting requirements that apply to UK companies that choose to report under UK Generally Accepted Accounting Practice (UK GAAP) applying FRS 102 and, where relevant, FRS 104 for periods commencing before 1 January 2026. For periods commencing on or after 1 January 2026, UK entities applying FRS 102 and FRS 104 should refer to Volume B(I).How to use GAAP in the UKGlossary of terms and abbreviationsEditorial team and contributorsIntroduction to Volume BRecent Changes to Deloitte Guidance in Volume BB1 UK regulatory backgroundB2 Concepts and pervasive principlesB3 Financial statement presentationB4 Statement of financial positionB5 Statement of comprehensive income and income statementB6 Statement of changes in equity and statement of income and retained earningsB7 Statement of cash flowsB8 Notes to the financial statementsB9 Consolidated and separate financial statementsB10 Accounting policies, estimates and errorsB11 Basic financial instrumentsB12 Other financial instruments issuesB13 InventoriesB14 Investments in associatesB15 Investments in joint venturesB16 Investment propertyB17 Property, plant and equipmentB18 Intangible assets other than goodwillB19 Business combinations and goodwillB20 LeasesB21 Provisions and contingenciesB22 Liabilities and equityB23 RevenueB24 Government grantsB25 Borrowing costsB26 Share-based paymentB27 Impairment of assetsB28 Employee benefitsB29 Income taxB30 Foreign currency translationB31 HyperinflationB32 Events after the end of the reporting periodB33 Related party disclosuresB34 Specialised activitiesB35 Transition to FRS 102B36 Interim financial reporting