Video:

 

FRS 102: An accounting revolution

Author: Julie Mutton, James Kirk (yBC.tv)

Categories: Financial Reporting
Tags: FRS 102

We’re telling our clients that this is a revolution in UK accounting.

And it will fundamentally change the appearance of company accounts.  It’s all about convergence with international standards bringing the UK accounting practices into line with international standards.

And although it has been a long time coming, even when we get there the new UK converged standard, there will still be some pretty significant differences with International Financial Reporting Standards.

 
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