FRS 102: Property, plant and equipment
FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland becomes mandatory for accounting periods starting on or after 1 January 2015, with earlier adoption permissible, explains Steve Collings.
With the evolution of the accounting methodologies over the years, a new reporting framework is bound to bring with it some changes. This article takes a look at the area of property, plant and equipment which is dealt with in Section 17 Property, Plant and Equipment (PPE).
Section 17 is currently dealt with in FRS 15 Tangible Fixed Assets and there are some notable differences...
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- Subsequent measurement