UK GAAP is currently undergoing the most significant overhaul in a generation with the introduction of FRS 102 becoming mandatory for accounting periods commencing
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.
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
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
Many companies in the UK choose to apply the Financial Reporting Standard for Smaller Entities (FRSSE) in preparing their financial statements, explai
This may seem a little bit off the wall but i wanted to get your feedback on what you think to not using FRSSE at all?
2012 will hopefully see a breakthrough in the progress towards changing UK GAAP. Although many practitioners are not in favour of the change, the Accounting Standards Board (ASB) is working ha
After taking soundings from around the profession, Steve Collings summarises the arguments surrounding government plans to lessen the administrat