Old UK GAAP comprised a number of Financial Reporting Standards (FRSs), Statements of Standard Accounting Practice (SSAPs) and Urgent Issue Task Force (UITF) Abstracts. Each of the 30 FRSs and eight SSAPs included requirements for a particular area of accounting, while the UITF Abstracts provided specific interpretations of accounting issues arising from application of the FRSs and SSAPs.

Old UK GAAP was applicable to all UK groups and entities not required by law or regulation to apply EU-adopted IFRS Accounting Standards for periods commencing on or before 31 December 2014. A New UK GAAP regime supersedes thus regime for periods beginning on or after 1 January 2015.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.