The Concepts and Pervasive Principles section is probably best described as the ‘backbone’ of how accounting standards are established, maintained and subsequently
Many companies in the UK choose to apply the Financial Reporting Standard for Smaller Entities (FRSSE) in preparing their financial statements, explai
It is not unheard of for companies to receive grants to help them set up operations (for example in a deprived area) to encourage employment opportunities or for c
One of the most topical debates at the moment, certainly among the International Accounting Standards Board, is the issue of leasing explains Steve Collings.
The financial reporting overhaul is going to happen sooner than you think and represents the biggest change UK GAAP has seen.
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,
During recent lectures on the application of FRS 102, 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland', the
The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) due to take effect in January 2015 is beginning to attract anxious glances from technical accountants.
The financial reporting overhaul scheduled for January 2015 is already underway and “represents the biggest change UK GAAP has seen, certainly in my lifetime”, acc