2 scenarios that are essentially same.
1/ If a small company elects to apply FRS 102 (but not section 1A) would you then expect to see full P&L notes (turnover, operating profit, taxation, etc) in order to comply with the framework? I've seen a lot of small companies filing differently i.e. some with notes, some not. The latter doesn't make sense to me if I'm being truthful. Why apply a framework and then override it's requirements by claiming small company examptions? Which is right?
2/ Same question, except swap out 102 with 101.