Is there any way to claim true and fair override, on the basis that the FRS is stupid.
The cost of implementing this for owner managed businesses massively outweighs the benefit, so they have been able to escape those costs to date.
It also distorts the balance sheet and the ROI as the trading properties are in at cost and the Investment properties will be at current value.
I presume there is no get out and i'm clutching at straws but all this does is increase costs.
My answers
Is there any way to claim true and fair override, on the basis that the FRS is stupid.
The cost of implementing this for owner managed businesses massively outweighs the benefit, so they have been able to escape those costs to date.
It also distorts the balance sheet and the ROI as the trading properties are in at cost and the Investment properties will be at current value.
I presume there is no get out and i'm clutching at straws but all this does is increase costs.