This area of Navigate UK GAAP Accounting contains guidance on the UK financial reporting frameworks, including the UK GAAP suite of standards, IFRS and the scope of both of these. Also covered are the legal requirements applicable to companies and other entities in relation to the preparation of financial statements. This includes helpful decision trees for determining the size of an entity or group.

This guidance applies to all companies, with application to different sized companies or different entities specified in the commentary where relevant. Alongside this, specific guidance in relation to financial reporting framework and statutory requirements can be found in the following sections: Private CompanyCharitySmall Company Micro entity Private Company in Listed Group, and Limited Liability Partnership.

Details of past updates are set out in What’s changed and planned future updates are in Stop press.

This area is maintained by our in-house technical experts, working with external reviewers. Please email any comments or suggestions relating to technical content to us at

An overview of the topics covered in this area, including links directly to these topics, can be seen on this mind map.