Statements of Standard Accounting Practice (SSAP) Definition

GLOSSARY

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What does Statements of Standard Accounting Practice (SSAP) mean?

Accounting standards developed by the predecessors to the FRC such as the ASB. Generally superseded by Financial Reporting Standards.

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Accounts and reports—glossary of terms

Accounts and reports—glossary of terms STOP PRESS: A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories such as the shell companies, secondary listing and closed ended investment fund categories. A new UK Listing Rules sourcebook came into force to implement the changes and the previous Listing Rules sourcebook was revoked. For further information, see Practice Note: Reform of the UK listing regime—fundamentals. This Practice Note reflects the listing regime as it was prior to 29 July 2024. A Abbreviated accounts If the accounts of a small company (that is not a micro-entity) relate to financial years beginning before 1 January 2016 (see the Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015 (SI 2015/980)), it may file abbreviated accounts at Companies House,...

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Getting to grips with the new UK GAAP

Tax analysis: Will HMRC’s overview papers on accounting standards achieve their aim in assisting companies considering choosing to apply FRS 101 or FRS 102? Pippa Booth, partner in Deloitte’s tax management consulting group, says companies should be determining their choice of framework and identifying and understanding the tax implications.

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