RSSArchive for August, 2015

Aug

17

The new small companies’ regime: FAQs

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The new small companies’ regime: FAQs

The new accounting standards for small and micro-entities were issued by the Financial Reporting Council (FRC) in July 2015 and become mandatory for accounting periods commencing on or after 1 January 2016.  As the move over to a new UK GAAP draws closer, a number of questions have been asked by accountants who have concerns […]

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Aug

10

FRS 105: Investment property on transition

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FRS 105: Investment property on transition

FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime becomes mandatory for micro-entities choosing to report under the micro-entities’ regime for accounting periods commencing on or after 1 January 2016 (earlier adoption is permissible).  The standard has to be applied retrospectively to the date of transition.  The ‘date of transition’ is the start […]

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