RSSArchive for April, 2014

Apr

29

Changes to the FRSSE for micro-entities

Posted by
Changes to the FRSSE for micro-entities

On 29 April 2014, the Financial Reporting Council (FRC) issued amendments to the FRSSE (effective April 2008) and (effective January 2015) in respect of the micro-entities’ legislation that became effective in respect of financial years ending on or after 30 September 2013 for financial statements that are filed with the registrar of companies on or […]

Continue Reading

Apr

14

FRS 102: Grant accounting

Posted by
FRS 102: Grant accounting

FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland becomes mandatory for accounting periods commencing on or after 1 January 2015 and this article considers the accounting for grants under the new GAAP. ‘Government grants’ are defined in the Glossary to FRS 102 as: ‘Assistance by government in the form […]

Continue Reading

Apr

2

FRS 102: The elements of financial statements

Posted by
FRS 102: The elements of financial statements

FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland is the new suite of standards which becomes mandatorily effective for accounting periods commencing on or after 1 January 2015.  There are many notable changes to the way in which reporting entities will prepare their financial statements under the new standards […]

Continue Reading