UK Accounting Glossary
This EU Directive (2003) requires companies to publish accounting information that provides a “balanced and comprehensive” analysis of their development and performance during a financial year.
This information should include not only Key Financial Performance Indicators (KFPI’s) but also, as appropriate, non-financial indicators, such as information concerning environmental and employment matters.
This directive, which is binding for medium and large companies, has necessitated changes to UK regulations concerning director’s reports.
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Definitions for Accounts Modernisation Directive are sourced/syndicated from:
This glossary post was last updated: 27th January 2019.