RSSArchive for May, 2013

May

29

FRS 102: Presentation of financial statements

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FRS 102: Presentation of financial statements

The way FRS 102 will require financial statements to be presented once it has been adopted will largely be the same as the way such statements are produced now.  However, there are some terminology changes contained within FRS 102 that practitioners may need an awareness of as some of the terminology used is quite different […]

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May

13

FRS 102: Taxation aspects

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FRS 102: Taxation aspects

In the current version of UK GAAP taxation is dealt with in two accounting standards: FRS 16 Current tax and FRS 19 Deferred tax.  Aspects concerning taxation are also found in FRS 17 Retirement benefits (specifically paragraphs 71 and 72) which deal with tax relief on a company’s pension contributions and the attribution of the […]

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