UK GAAP
Guides to consolidation and financial reporting under UK GAAP, including key differences and implementation considerations.
IFRS vs FRS 102: How Goodwill Accounting Differences Force Different Consolidation Adjustments in Mixed-Standard Groups
For SME finance teams managing mixed-standard groups, goodwill is one of the most consequential differences to reconcile at consolidation. FRS…
IFRS vs US GAAP: How NCI Measurement Differences Change Your Consolidated Balance Sheet
IFRS and US GAAP treat non-controlling interest measurement differently at acquisition date, and those differences compound across goodwill calculations, equity…
IFRS vs AASB: Key Differences That Affect Multi-Entity Group Consolidation in Australia
IFRS and AASB standards are closely aligned, but the differences that exist carry real consequences for multi-entity consolidation in Australia.…
FRS 102 Associates and Joint Ventures: The Equity Method for UK Multi-Entity Groups
A UK manufacturing group held a 35% stake in a specialist components supplier for eleven years, accounting for its share…
How to Consolidate an IFRS Subsidiary into a UK GAAP (FRS 102) Parent: Journals, Fiscal Periods, and Currency Translation
UK groups that have grown through acquisition — particularly those with European or international subsidiaries — often find themselves in…
FRS 102 Consolidation: A Practical Guide for UK Multi-Entity Groups
The holding company had been incorporated two years earlier to sit above three trading subsidiaries, and the group’s accountants had…
Goodwill Impairment Under US GAAP: How ASC 350 Works and What It Means for Multi-Entity Groups
Goodwill impairment testing under US GAAP is governed by ASC 350-20 — a framework that differs from the IFRS approach…
Contingent Consideration in Group Consolidation: Why Earn-Outs and Deferred Payments Look Different in Your Consolidated Accounts
When a group acquires a business, the consideration paid is rarely a single clean cash figure. Most acquisitions include some…
FRS 102 Goodwill Amortisation: How UK GAAP Groups Account for Goodwill Differently From IFRS
Goodwill is one of the most significant balance sheet items in any acquisitive group, and the accounting treatment depends entirely…
How to Consolidate a UK GAAP (FRS 102) Subsidiary into a US GAAP Parent: Leases, Goodwill, and the Development Cost Reversal
US-listed and SEC-reporting companies that own UK businesses face a consolidation path with a distinctive wrinkle absent from every other…