Define: Accounts Modernisation Directive

UK Accounting Glossary

Definition: Accounts Modernisation Directive


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What is the dictionary definition of Accounts Modernisation Directive?

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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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