RSSArchive for March, 2018

Mar

14

FRS 102 or FRS 105?

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FRS 102 or FRS 105?

Under UK GAAP, most micro-entities have the option of reporting under FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime or FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.  Queries from practitioners usually involve questioning which standard is more suitable to their micro-entity clients.  This article aims […]

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Mar

14

FRS 102: Property, Plant and Equipment

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FRS 102: Property, Plant and Equipment

Property, plant and equipment are dealt with in Section 17 Property, Plant and Equipment in FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.  Section 17 allows a reporting entity to measure property, plant and equipment (PPE) under the cost model or the revaluation model as was the case under […]

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