FRS 102 Revisions Revisions to FRS 102 arising from within the Financial Reporting Exposure Draft 67 (“FRED 67”) will see acquiring companies in business combinations being given the option to recognise fewer intangible assets than they had been required to previously. These revisions are being implemented by the Financial Reporting Council (“FRC”) in response to […]
In March 2017 the FRC published FRED 67 which contained amendments to FRS 102. These were finalised on the 14 December 2017 and can now be early adopted. If a company chooses to early apply FRED 67 all amendments must be adopted. The effective date is for periods beginning on or after 1 January 2019. […]
For accounting periods beginning on or after 1 January 2019 there is a new treatment of leases which you may need to be aware of. IFRS 16 removes the difference between operating and finance leases for accounting purposes, and as such they are all treated as if they are finance leases by recognising the asset […]
FRS105 vs. FRS102 (Section 1A) Are you a small business incorporated/registered in England & Wales? Are Annual Financial Statements for your entity currently prepared using FRSSE (Financial Reporting Standard for Smaller Entities 2008 or 2015)? If your answer to both the above questions is yes then you need to start thinking seriously about the various […]
FRS 102 will now affect small companies – do you know what’s changing and when? What is FRS 102? FRS 102 is a new standard entitled “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. It replaces current UK GAAP and the FRSSE, and its implementation will have a significant impact on […]
A Study into the Impact of the Size of Businesses on Earnings Multiples It is generally accepted in the marketplace that larger companies are generally less risky than smaller ones. This is because of various factors that differ between large and small companies, which may include a lower level of dependency upon key individuals within […]
