Share this content

Will frs18 change approach to deferred costs

I currently defer costs of tracks/albums until release. Should these be charged immediately to P/L

Didn't find your answer?

Should costs generated in production of music tracks and albums be deferred until  release or does frs18 change this and how?

Replies (3)

Please login or register to join the discussion.

avatar
By Paul Crowley
19th Jun 2021 19:16

https://www.frc.org.uk/accountants/accounting-and-reporting-policy/uk-ac...

It is not new
Leave this stuff to the accountant

Thanks (2)
Replying to Paul Crowley:
Flag of the Soviet Union
By thevaliant
20th Jun 2021 18:31

I was wondering!

FRS18 was introduced 20 years ago, and has now been withdrawn 5 years ago as its either FRS101, FRS102 or FRS105.

Thanks (0)
Replying to thevaliant:
avatar
By Paul Crowley
20th Jun 2021 19:48

Exactly my opinion as well.
DIY research is a dangerous thing

Thanks (0)
Share this content