Knowledge Lab · UK reporting

FRS 102 Foundation Diagnostic

Check your readiness for the Periodic Review 2024 amendments and the reporting framework that applies in the UK and Republic of Ireland.

4 questions4 minutes estimatedInstant explanationsLocal score in this browser
Foundation diagnostic

Choose the best answer to each question

Educational self-assessment only—not professional, legal or tax advice. Requirements vary by jurisdiction and can change.

01What is the principal effective date of the Periodic Review 2024 amendments?
02Which two sections contain the headline changes in the revised standard?
03What is FRS 102 primarily designed to provide?
04Can an entity apply the Periodic Review 2024 amendments before 1 January 2026?
Source and scope

Review the FRC FRS 102 resources and the current requirements that apply to the relevant entity, jurisdiction and reporting period.

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