This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.



FRS 100 “Application of Financial Reporting Requirements” (link to FRC website) sets out the applicable financial reporting framework for entities preparing financial statements in accordance with legislation, regulations or accounting standards applicable in the United Kingdom and Republic of Ireland.

History of FRS 100

Date Development Comments
 23 November 2012 FRS 100 issued
Effect for periods beginning on or after 1 January 2015.
19 February 2015
FRED 60 issued
Comments closed 30 April 2015
16 July 2015 Consequential amendments as a result of implementation of the new EU Accounting Directive, introduction of FRS 105 and withdrawal of the FRSSE. Effective 1 January 2016.
29 September 2015  Revised version of FRS 100 issued Effective 1 January 2016*
14 December 2017 Amended by Amendments to FRS 102 – Triennial review 2017 – Incremental improvements and clarifications Effective 1 January 2019.  Early application is permitted provided that all the amendments to
FRS 101 as a result of the triennial review are applied at the same time.

*An entity shall apply this FRS for accounting periods beginning on or after 1 January 2016. Early application of this FRS is permitted, providing an entity also applies the edition of FRS 101, FRS 102 and FRS 105 effective for accounting periods beginning on or after 1 January 2016 and is subject to the early application provisions set out in those standards. An entity choosing not to apply these amendments to accounting periods beginning before 1 January 2016 shall not adopt the associated amendments made to FRS 101, FRS 102 nor FRS 105 to accounting periods beginning before 1 January 2016. If an entity applies this FRS before 1 January 2016 it shall disclose that fact, unless the entity is a micro-entity or a small entity. A small entity is encouraged to provide this disclosure.


FRS 100 applies to financial statements intended to give a true and fair view of the assets, liabilities, financial position and profit or loss for a period. 


FRS 100 does not contain accounting requirements in itself but rather provides direction as to the relevant standard(s) for an entity (whether EU-adopted IFRSs, FRS 101, FRS 102, or FRS 105). Among other things, it:

  • incorporates guidance on the application of Statements of Recommended Practice (SORPs);
  • provides guidance on interpreting the meaning of equivalence with respect to: the exemption from preparing consolidated accounts under the Section 401 of the Companies Act 2006 (“the Act”); the disclosure exemptions under FRS 101 and FRS 102 for qualifying entities; 
  • lists standards to be withdrawn on application of FRS 100; and
  • includes requirements around transition to IFRSs, FRS 101, FRS 102 or FRS 105

Effective date

FRS 100 is effective for periods beginning on or after 1 January 2015. Early adoption is permitted without restriction.  See note above regarding adoption of the revised version of FRS 100 issued in September 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.