RSSArchive for November, 2013

Nov

12

FRS 102: Concepts and pervasive principles

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FRS 102: Concepts and pervasive principles

The Concepts and Pervasive Principles is probably best described as the ‘backbone’ of how accounting standards are established, maintained and subsequently withdrawn.  Section 2 Concepts and Pervasive Principles describes the overall objective of financial statements as well as the characteristics that financial statements must contain in order to make the useful.  In addition, Section 2 […]

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Nov

4

How the FRSSE will be changed for the new UK GAAP

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How the FRSSE will be changed for the new UK GAAP

Many companies in the UK choose to apply the Financial Reporting Standard for Smaller Entities (the FRSSE) in preparing their financial statements.  Financial reporting is about to undergo the biggest change it has seen for several years with the introduction of a new set of financial reporting standards (FRSs 100, 101, 102 and 103) and […]

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