GAAP 2014 comprises four volumes, as follows: 

• Volume A – Legal and regulatory framework deals with the common legal and regulatory issues that are relevant to all UK companies, whether they report under UK GAAP or IFRSs. It also addresses the requirements of Financial Reporting Standard (FRS) 101, the IFRS reduced disclosure framework. Many entities in the UK will be eligible to adopt FRS 101 under the ‘new’ UK GAAP regime, which may be adopted now if desired.
• Volume B – FRS 102 deals with the ‘new’ UK GAAP standard, FRS 102 which is mandatory for entities to apply from 2015, but may be adopted earlier;
• Volume C - IFRSs (comprising two books) deals with IFRS reporting in the UK, excluding financial instruments; and
• Volume D – IAS 39 and related Standards deals with financial instruments standards endorsed for use in the EU for those applying IFRSs. 

Volume C deals comprehensively with those new Standards that apply for periods beginning in 2013, and also covers those further pronouncements issued by the International Accounting Standards Board (IASB) up to 31 July 2013 that will apply from 2014 and later.  It provides expanded guidance on the application of the most recent Standards and Interpretations from the IASB, including:

• the 'suite of five' issued in May 2011 and effective in 2013 — IFRS 10 Consolidated Financial Statements, IFRS 11 Joint Arrangements, IFRS 12 Disclosure of Interests in Other Entities, and the revised versions of IAS 27 Separate Financial Statements and IAS 28 Investments in Associates and Joint Ventures.
• IFRS 13 Fair Value Measurement.
• the revised version of IAS 19 Employee Benefits.
• Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27), issued in October 2012.
• Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36), issued in May 2013.
• IFRIC 21 Levies, issued in May 2013.

Volume B provides detailed analysis of the replacement for existing UK GAAP, FRS 102, as well as analysing the key differences between FRS 102, ‘old’ UK GAAP and IFRSs and providing useful practical guidance on implementation of the new requirements. 

The new set of manuals does not address ‘old’ UK GAAP (i.e. FRSs 1-30, SSAPs and UITFs, which will be withdrawn on adoption of FRSs 100-102). The existing manual, ukGAAP 2013, will continue to be relevant for companies currently reporting under ‘old’ UK GAAP. 

Orders for Deloitte’s GAAP manuals may be placed via the LexisNexis website.

Model financial statements are also available in the form of GAAP 2014 - Annual report disclosures for UK listed groups.