Which version of the standard?
| Annual period | Effective version of the standard | Notes on amendments and early adoption |
|---|---|---|
| Starts on or after 1 January 2021 | FRS 104 Interim Financial Reporting (September 2024) |
This edition incorporates the Periodic Review 2024 amendments, which are not mandatory at time of publishing. |
Recent amendments
-
Amendments to FRS 102 and other FRSs – Periodic Review 2024
Mandatory date: Annual periods beginning on or after 1 January 2026. Earlier application is permitted.
The Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs – Periodic Review 2024 include changes to FRS 104 and the Basis for Conclusions which improve consistency and clarity.
Summary
FRS 104 prescribes the minimum content for an interim financial report and the principles for recognition and measurement in such reports together with required disclosures.
The standard does not mandate which entities must prepare interim reports, or prescribe how frequently or how soon after the end of an interim period such reports should be issued.
Condensed versions of the main financial statements are required within an interim report, along with selected explanatory notes. Guidance is given within the standard for the measurement of items such as revenues affected by seasonality and income taxes.
Who should apply the standard?
FRS 104 is intended to be applied by those entities that apply FRS 102 and must prepare, or choose to prepare, interim financial reports. It may also be used as a basis for preparing interim reports by entities applying FRS 101.
ICAEW factsheets and guides
Annual factsheets
The Corporate Reporting Faculty's annual UK GAAP factsheets provide a more detailed discussion of recent UK GAAP amendments.
The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact [email protected].
Bloomsbury Accounting and Tax Service
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Bloomsbury Accounting and Tax Service.
Other resources
Further support
Corporate reporting resources
Practical resources including factsheets, online guides and webinars on financial and non-financial reporting.
Browse the collections
Technical Advisory Services
Our experienced advisors can help you with technical questions.
Get in touch
Library and Information Service
Expert help with research and access to trustworthy, professional sources.