In the current version of UK GAAP taxation is dealt with in two accounting standards: FRS 16 Current Tax and FRS 19 Deferred Tax, explains Steve Collings.
FRS 102
This is the fourth in a series of articles that considers the accounting and disclosure requirements contained in FRS 102 'The Financial Reporting Standard applica
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Steve Collings continues his exploration of FRS 102 with detailed advice on some of the challenges accountants will face when moving to the new standard for the first time.
At its board meeting on 5 March 2013, the Financial Reporting Council (FRC) finally approved FRS 102 ‘The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland’.
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