Key differences between UK GAAP and IFRS

This white paper gives an overview of key differences between accounting policies under FRS 102 and full IFRS, but should not be interpreted as an exhaustive list. In each section, the respective accounting policy is first described under FRS 102, and then compared to the corresponding rules under IFRS. Some topics no longer differ due to regulatory changes, while others have been added. We have decided to name all of these topics.