FINANCIAL REPORTING STANDARD

Financial Reporting Standard: translation

Financial Reporting Standard Fiˌnancial ˈReporting ˌStandard abbreviation FRS noun [countable usually plural] ACCOUNTING

in Britain, one of the rules about how a company's financial information must be shown, set by the accounting Similar rules in the US are the Generally Accepted Accounting Principles:

Financial Reporting Standard UK US noun [C] (ABBREVIATION FRS)

► ACCOUNTING one of a set of rules created by the Accounting Standards Board that state how a company's financial information has to be shown: »

The report assumes that Financial Reporting Standard 3, Reporting Financial Performance, has been put into effect.

→ Compare GENERALLY ACCEPTED ACCOUNTING PRINCIPLES(Cf. ↑Generally Accepted Accounting Principles)

→ See also INTERNATIONAL FINANCIAL REPORTING STANDARD(Cf. ↑International Financial Reporting Standard)