UK GAAP definition

UK GAAP means generally accepted accounting principles in the United Kingdom.

UK GAAP means generally accepted accounting practice in the United Kingdom.

UK GAAP means United Kingdom generally accepted accounting principles as in effect from time to time.

Examples of UK GAAP in a sentence

• We expect that insurers, especially UK life insurers, will continue to use alternative profit metrics, to enable them to tell their financial story more clearly to the market; • the endorsement of IFRS 17 in the UK may influence considerations about potential changes to UK GAAP affecting more than 150 entities across the UK.

• FINANCIAL REPORTING: UK GAAP CHANGESEffective from 1 January 2015, UK and Ireland registered statutory entities are required to adopt one of the new Financial Reporting Standards (FRS) issued by the Accounting Standards Board, in place of previously effective UK GAAP.

• Paragraph 4.187 of the DECA indicates that there are more than 150 insurers currently using UK GAAP, representing around 40% of gross written premiums in the UK, who will not be required to adopt IFRS 17.

• This experience will take a number of years to be fully understood and we do not view that any consideration of changes to UK GAAP for insurers in the next few years is required.

• The unaudited results cover the six months to 30 June 2013 and have been prepared under UK Generally Accepted Accounting Practice (UK GAAP), consistent with the accounting policies set out in the statutory accounts for the year ended 31 December 2012 and the 2009 Statement of Recommended Practice, ‘Financial Statements of Investment Trust Companies and Venture Capital Trusts’ (‘the SORP’) issued by the Association of Investment Companies.

More Definitions of UK GAAP

UK GAAP means generally accepted accounting principles applied in the UK, incorporating Statements of Standard Accounting Practice, Financial Reporting Standards and Urgent Issues Task Force Abstracts issued by the Accounting Standards Board and Technical Releases issued by ICAEW in each case as in force at the date of this agreement.

UK GAAP. ’ means accounting principles generally accepted in the United Kingdom; and

UK GAAP generally accepted accounting principles in the United Kingdom as in effect from time to time.

UK GAAP means generally accepted accounting principles in effect in the United Kingdom on the date of the First Supplemental Indenture.

UK GAAP means generally accepted accounting principles in the United Kingdom. Underwriting An arrangement under which a party agrees to buy, before issue, a specified quantity of Securities in an issue of Securities on a given date at a given price, if no other party has purchased or acquired them. unit in a collective investment scheme has the meaning given by COLL, rule 1.2.4. Note This is the specified product described in the Financial Services Regulations, sch 3, pt 3, para 6 as a Unit in a Collective Investment Fund. Unrestricted Profit Sharing Investment Account A PSIA in respect of which the investment account holder authorises the Authorised Firm to invest the account holder’s funds in a manner which the Authorised Firm deems appropriate without laying down any restrictions as to where, how and for what purpose the funds should be invested. Unsettled Transaction A transaction where delivery of an instrument is due to take place against the receipt of cash but remains outstanding. Upper Tier Two Capital Capital referred to as Upper Tier Two Capital in the table set out under PINS Rule 4.2.2. US GAAP Generally accepted accounting principles in the United States.

UK GAAP means accounting principles, standards and practices generally accepted from time to time in the United Kingdom and issued or adopted by the Accounting Standards Branch of the United Kingdom (or successor thereof from time to time).

UK GAAP means generally accepted accounting principles in the United Kingdom including IFRS.