FROM THEORY TO PRACTICE: THE REAL-WORLD IMPACT OF FRS 102 ON UK FINANCE

  When the Financial Reporting Council (FRC) introduced FRS 102, it marked a pivotal shift in the financial reporting landscape of the UK and the Republic of Ireland. Replacing a patchwork of outdated UK GAAP standards, FRS 102 established a more coherent, streamlined approach to financial reporting that aligned more closely with internatio