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Question

UK GAAP as Accounting standard

  • July 3, 2026
  • 0 replies
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Customer would like to know if UK GAAP could be included as  an option in Accounting standard drop down .(see the image attached)

Customer had informed a new regulations around UK GAAP come into place for Lease accounting, which is being used in place of IFRS, there are some differences between the two. We would like to know what are the differences are and if IFRS can support them in IFS or if we need to account for the differences in the system/whether IFS will be updating this in any of their releases.