![]() ![]() In the amendments to Section 1 set out in paragraph 2 on page 5, the reference to paragraph 11.22 should be read as paragraph 11.2.Īmendments to FRS 101 Reduced Disclosure Framework - 2018/19 cycle This amendment to FRS 101 also makes an amendment to FRS 102.įrom 1 January 2021 (early application permitted) June 2021 FileĪmendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime - COVID-19-related rent concessions beyond 30 June 2021Īmendments to UK and Republic of Ireland accounting standards - UK exit from the European UnionĪmendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland – Interest rate benchmark reform (Phase 2) The amendments are available for financial statements approved after : the date that the amendments were finalised.Īmendment to FRS 101 Reduced Disclosure Framework - Effective date of IFRS 17 These amendments to FRS 101 also make amendments to FRS 102. ![]() This edition of FRS 102 updates the previous edition issued in March 2018 and reflects the amendments listed below.Īmendments to FRS 101 Reduced Disclosure Framework - 2019/20 cycle Extant publications Current edition: January 2022 FileįRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) Related impact assessments and feedback statements to the following publications. ![]() The proposed effective date of the amendments set out in the FRED is 1 January 2025. ![]() A Financial Reporting Exposure Draft, FRED 82 Draft amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs – Periodic Review, was published in December 2022, with a closing date of 30 April 2023. The second periodic review commenced in March 2021 (see Current Projects). The first periodic review, the Triennial Review 2017, was completed in December 2017, with an effective date of 1 January 2019. The Table of Differences describes the relationships between UK and Ireland financial reporting standards and IFRS Accounting Standards.įRS 102 is subject to a periodic review at least every five years. The requirements in FRS 102 are based on the IASB’s International Financial Reporting Standard for Small and Medium-sized Entities (‘the IFRS for SMEs Accounting Standard’), with some significant amendments made for application in the UK and Republic of Ireland. FRS 102 is designed to apply to the general purpose financial statements and financial reporting of entities including those that are not constituted as companies and those that are not profit-oriented. This FRS is a single financial reporting standard that applies to the financial statements of entities that are not applying adopted IFRS, FRS 101 or FRS 105. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |