With so much change taking place in financial reporting as the UK negotiates the transition to a new regime for small/medium and micro companies, Stev
Accounting standards first arrived on the UK scene in 1970 when the Accounting Standards Committee (ASC) was set up with the specific objective of developing defin
The financial reporting overhaul is going to happen sooner than you think and represents the biggest change UK GAAP has seen.
During 2012 there were a number of new requirements being added to UK GAAP during 2012 - not least of which is some new terminology.
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’.
The new UK GAAP project has been ongoing for quite a while and the good news is that we are finally nearly there with the whole project, explains Steve Collings.
The Accounting Council of the Financial Reporting Council (FRC) has held two meetings in the month of July relating to the new Financial Reporting Standard applicable in the UK and Republic of
Many (if not all) accountants are aware that UK GAAP in its current form is set for significant change and it is likely that the Financial Reporting Council (FRC) will announce this year that t
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