UK GAAP definition

UK GAAP means generally accepted accounting principles in the United Kingdom.

UK GAAP means accounting principles and practices generally accepted from time to time in the United Kingdom.

UK GAAP means generally accepted accounting practice in the United Kingdom.

Examples of UK GAAP in a sentence

• Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and accounting policy choices differ from previous UK GAAP.

• The accounting policies contained in the FReM follow UK generally accepted accounting practice for companies (UK GAAP) to the extent that it is meaningful and appropriate to the public sector.

• Goodwill written off to reserves under UK GAAP prior to 1998 has not been reinstated and is not included in determining any subsequent profit or loss on disposal.

• The accounting policies contained in the manual follow UK generally accepted accounting practice for companies (UK GAAP) and HM Treasury's Resource Accounting Manual to the extent that they are meaningful and appropriate to the NHS, as determined by the National Assembly for Wales as approved by HM Treasury, which is advised by the Financial Reporting Advisory Board.

• Goodwill arising on acquisitions before the date of transition to IFRS has been retained at the previous UK GAAP amounts subject to being tested for impairment at that date.

More Definitions of UK GAAP

UK GAAP means generally accepted accounting principles applied in the UK, incorporating Statements of Standard Accounting Practice, Financial Reporting Standards and Urgent Issues Task Force Abstracts issued by the Accounting Standards Board and Technical Releases issued by ICAEW in each case as in force at the date of this agreement.

UK GAAP means the generally accepted accounting principles in the United Kingdom.

UK GAAP. ’ means accounting principles generally accepted in the United Kingdom; and

UK GAAP means generally accepted accounting practice in the United Kingdom;

UK GAAP generally accepted accounting principles in the United Kingdom as in effect from time to time.

UK GAAP means accounting principles, standards and practices as are generally accepted in the United Kingdom and approved by the relevant local institute, accounting standards board or other applicable authority;

UK GAAP means generally accepted accounting principles in the United Kingdom. Underwriting An arrangement under which a party agrees to buy, before issue, a specified quantity of Securities in an issue of Securities on a given date at a given price, if no other party has purchased or acquired them. unit in a collective investment scheme has the meaning given by COLL, rule 1.2.4. Note This is the specified product described in the Financial Services Regulations, sch 3, pt 3, para 6 as a Unit in a Collective Investment Fund. Unrestricted Profit Sharing Investment Account A PSIA in respect of which the investment account holder authorises the Authorised Firm to invest the account holder’s funds in a manner which the Authorised Firm deems appropriate without laying down any restrictions as to where, how and for what purpose the funds should be invested. Unsettled Transaction A transaction where delivery of an instrument is due to take place against the receipt of cash but remains outstanding. Upper Tier Two Capital Capital referred to as Upper Tier Two Capital in the table set out under PINS Rule 4.2.2. US GAAP Generally accepted accounting principles in the United States.