The article discusses the UK financial reporting and accounting standards known as GAAP. It covers various aspects such as preparing, filing, and publishing financial statements, corporate governance disclosures, director's remuneration, and balance sheet details. The research outlines requirements for profit and loss accounts, earnings per share, cash flow statements, and disclosures on related party transactions. It also addresses reporting on government grants, leasing, pension costs, and foreign currency transactions. The study emphasizes the importance of following specific guidelines for different types of companies, including small and medium-sized businesses, and provides model accounts and financial statements as examples.