UK GAAP Model Statutory Financial Statements
Reduce the complex manual work in preparing financial statements according to UK GAAP.
Generally Accepted Accounting Practice in the UK (UK GAAP) is the body of accounting standards and other guidance published by the UK’s Financial Reporting Council (FRC). By following this example annual report prepared in the Workiva platform, you can create disclosures with formatting that might be expected under UK GAAP. Formulas, formatting, and linking have been included to help reduce the need for manual updates, data re-entry, and the risk of missing rollforward dates.
- Example annual report
- Data source spreadsheet
- Built-in formulas
- Data linking
Frequently Asked Questions
What is the best way to integrate statutory financial statements to the underlying data?
Use Workiva connected sheets to link underlying data to the Workiva document in a fully integrated and automated manner so that changes in the underlying data can be controlled with confidence in the final published financial statements
How do I tailor this template to match my own processes?
The templates are easily configurable and controlled with permissions to tailor the template to you own processes
Does Workiva have workflow that can be used to automate processes?
Workflows, tasks, comments and chains can be used to intuitively and easily automate the process end to end
How do I set up standard statutory financial reporting templates in my platform?
Templates can be set up intuitively within the platform or can be imported from existing documents by using the document import functionality