UK GAAP 2019 is the third edition of the EY publication on UK GAAP following the replacement of all previous UK accounting standards with new financial reporting standards. The original publication, New UK GAAP 2015, was published in 2015 and a revised edition, UK GAAP 2017, was published in 2017. This publication has been fully revised and updated in order to:

• incorporate the amendments made to FRSs 100-104 in December 2016, May 2017, July 2017 and December 2017. This includes the Amendments to FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 and Incremental improvements and clarifications (published in December 2017). (Triennial review 2017) The changes made by the Triennial review 2017 are discussed in each relevant chapter;
• include the changes to legal requirements for UK companies and LLPs introduced since the previous edition; and
• provide further insight on the many issues relating to the practical application of the new UK accounting standards, based on the extensive experience of the book's authors in dealing with recent day-to-day issues. In particular, additional guidance on accounting for group reconstructions, including hive-up, hive-down and hive-across transactions, has been included in Chapter 17.

This book comprises 34 chapters. Each chapter includes a detailed list of contents and list of illustrative examples. The book contains an index of references to standards and interpretations.

FRS 101 – Reduced Disclosure Framework – Disclosure exemptions from EU-adopted IFRS for qualifying entities – uses the recognition and measurement principles of International Financial Reporting Standards (IFRS). In certain circumstances, FRS 102 also refers entities to IFRS. Detailed guidance on applying IFRS can be found in EY's publication, EY International GAAP 2019®.