FRSSE | AccountingWEB

FRSSE

The new accounting standards for

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UK GAAP is currently undergoing significant changes with FRS 102 taking effect on 1 January 2015 and the changes to the Companies Act 2006.

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The Financial Reporting Council published a draft standard on 19 February that will do away with the Financial Reporting Standard for Smaller Entities (FRSSE) for accounting periods beginning on or

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Clients' company is owned 50:50 by husband & wife.  Husband is a director, wife is co secretary (not a director) & accounts are prepared in accordance with FRSSE.

 

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The recently amended Financial Reporting Standard for Smaller Entities (FRSSE 2015) is likely to enjoy a very limited lifespan as small company accounting he

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Steve Collings presents an overview of the new reporting requirements that apply to micro-entity accounts for years ending on/after 30 September 2013.

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UK GAAP is currently undergoing the most significant overhaul in a generation with the introduction of FRS 102 becoming mandatory for accounting periods commencing

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There is a company, reporting under FRSSE.

Directors loan account was in credit at the start of year and at the end.

Never went overdrawn in year.

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Financial reporting is soon to undergo the largest overhaul of its kind in the last 40 years with the disbanding of FRSs/SSAPs and UITF Abstracts and the replaceme

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The Financial Reporting Council last week issued an exposure draft of the Financial Reporting Standard for Smaller Entities (FRSSE) to bring UK GAAP into line wi

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