UK GAAP definition

UK GAAP means generally accepted accounting principles in the United Kingdom.

UK GAAP means generally accepted accounting principles in the United Kingdom set forth from time to time by the United Kingdom Accounting Standards, which are applicable to the circumstances and in effect as of the date of determination thereof.

UK GAAP means generally accepted accounting principles applied in the UK, incorporating Statements of Standard Accounting Practice, Financial Reporting Standards and Urgent Issues Task Force Abstracts issued by the Accounting Standards Board and Technical Releases issued by ICAEW in each case as in force at the date of this agreement.

Examples of UK GAAP in a sentence

• Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting policy choices differ from previous UK GAAP.

• Goodwill written off to reserves under UK GAAP prior to 1998 has not been reinstated and is not included in determining any subsequent profit or loss on disposal.

• The accounting policies contained in the FReM follow UK generally accepted accounting practice for companies (UK GAAP) to the extent that it is meaningful and appropriate to the public sector.

• The accounting policies contained in the manual follow UK generally accepted accounting practice for companies (UK GAAP) and HM Treasury's Resource Accounting Manual to the extent that they are meaningful and appropriate to the NHS, as determined by the National Assembly for Wales as approved by HM Treasury, which is advised by the Financial Reporting Advisory Board.

• Goodwill arising on acquisitions before the date of transition to IFRS has been retained at the previous UK GAAP amounts subject to being tested for impairment at that date.

More Definitions of UK GAAP

UK GAAP means generally accepted accounting practice in the United Kingdom.

UK GAAP. ’ means accounting principles generally accepted in the United Kingdom; and

UK GAAP means the United Kingdom Generally Accepted Accounting Practice.

UK GAAP means United Kingdom generally accepted accounting principles.

UK GAAP generally accepted accounting principles in the United Kingdom as in effect from time to time.

UK GAAP means accounting principles, standards and practices as are generally accepted in the United Kingdom and approved by the relevant local institute, accounting standards board or other applicable authority;

UK GAAP means United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”).