Hello
Please see if my understanding is correct..
Based on FRS 102, holiday pay provision should be based on individual salaries at the point where the individual goes to holiday.
...So the 31/03/16 provision will be based on a salary of say 21/06/16 or 28/07/16 ? for example ?
or am I on the wrong track ?
Thank you
Replies (5)
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Here: https://www.frc.org.uk/Our-Work/Publications/Accounting-and-Reporting-Po...
Pay attention to the word "expected".
Refer to the definitions in the glossary, bearing in mind that an individual is not an entity