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Ooooh I like the sound of this one
'Allowing investment property in a group to be measured under historic cost principles'.
Mmmmmm only in a group ;(
But how does that work then? Surely it means we need to comply with FRS102 as it stands rather than take advantage of the relaxation in FRED67? Although I know that the Director's loan relaxation can be implemented immediately.
Great Post Sir.
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raft proposing changes to FRS 102 to reflect the provisions of new IFRSs/amendments to IFRSs, but has said that any detailed proposals will be consulted on in due course.
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But how does that work then? Surely it means we need to comply with FRS102 as it stands rather than take advantage of the relaxation in FRED67? Although I know that the Director's loan relaxation can be implemented immediately.
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