RSSArchive for July, 2015

Jul

20

New UK GAAP for small companies issued

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New UK GAAP for small companies issued

On 16 July 2015 the Financial Reporting Council (FRC) issued the new UK GAAP for small and micro-entities.  This marked the end of several years’ work by the FRC in introducing an international-based financial reporting framework for companies across the UK and Republic of Ireland.  FRS 102 The Financial Reporting Standard applicable in the UK […]

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Jul

2

Related party loans under FRS 102

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Related party loans under FRS 102

FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland has now come into effect for accounting periods commencing on or after 1 January 2015 and is expected to apply to small companies (with the exception of micro-entities) for accounting periods commencing on or after 1 January 2016 with earlier adoption […]

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