FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
As audit firms get into gear to plan their December 2013 year-end audits, Steve Collings takes a look at 10 of the most common pitfalls flagged up by file reviewer
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
On 1 December 2013, legislation was introduced in the form of SI 2013/3008 The Small Companies (Micro-Entities’ Accounts) Regulations 2013 which was brought in by
The past year has certainly been an interesting year in terms of financial reporting, but 2014 will be another profound year of transition, says Steve Collings.
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
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.