ACCOUNTING STANDARDS
Accounting Standards: translation
Statements issued by the Accounting Standards Board, requiring the adoption of certain accounting principles and methods when preparing accounts in the UK. There are currently two forms of Accounting Standards in the UK - Financial Reporting Standards (FRSs) and Statements of Standard Accounting Practice ( Statement of Standard Accounting Practice (SSAPs). The only difference between these is that SSAPs were issued prior to 1990. Since that date, the name has been changed to FRS. Dresdner Kleinwort Wasserstein financial glossary