Stay ahead in accounting: explore the new UK GAAP library

The UK Generally Accepted Accounting Practice (UK GAAP) standards apply for accountants in practice in the UK (). Comprised of six Financial Reporting Standards (FRS) as defined by the Financial Reporting Council (FRC), UK GAAP outlines key accounting principles as laid down by legislation and accountancy standards.

Mercia’s UK GAAP Library contains a wide range of online and interactive eLearning modules focused on the two key financial reporting standards: FRS102, the ‘default’ financial reporting standard and FRS 105, the financial reporting standard for micro entities. The modules are designed to keep accountants up to date; upskill or reskill employees; and provides an essential reference tool for experienced staff.

Staying up to date with UK GAAP

Staying updated on the latest UK GAAP standards is crucial for accountants in practice. UK GAAP principles and guidelines are used in the preparation of financial statements and in reporting financial information. Standards are amended periodically to reflect current issues or regular reviews and are developed in conjunction with key stakeholders.

Mercia’s UK GAAP Library

Our UK GAAP Library is designed for individuals who require a detailed knowledge of UK GAAP, and it includes practical, illustrative examples. The library is beneficial for all accountants in the UK who undertake accounts preparation or who provide audit services.

What’s included?

The library is made up of 23 modules covering FRS 102 and FRS 105. Modules can be purchased individually, or the entire suite can be purchased for firm-wide access. Those who complete the entire series receive a certificate in UK GAAP from Mercia.

Our UK GAAP Library is unlike any other – it includes practical examples and case studies which provide opportunities to test employees’ knowledge before they carry out and complete work for a client.

What are the benefits of using Mercia’s UK GAAP Library?

Mercia’s UK GAAP Library makes use of an innovative learning design that allows users to easily navigate between library sections and the topics included. Our library can be utilised in the upskilling and reskilling of your employees; in mitigating the risk of staff members making errors; as a reference tool for technical advice and examples; and as a retention tool for employees.

Our UK GAAP Library also helps to keep accountants up to date on the latest changes to the standards and aids in employees’ career growth and development.

Why choose Mercia?

Mercia’s experts produce quality UK GAAP content, drawing on their own experience to ensure that the UK GAAP Library contains practical advice and reflects challenges and highlights common errors. Our dedicated learning design team builds engaging content to ensure an enjoyable and memorable user experience.

Keep up to date on UK GAAP

Ensure your employees are up to date with all UK GAAP changes with Mercia’s UK GAAP Library. Full details, including prices and a list of all modules, can be found here.