MOVING TO NEW,GAAP

摘要

If there is one thing we have learned from the first adopters of the new UK GAAP, FRS 102, it is that the old adage of 'fail to plan, plan to fail' can definitely ring true. In this article we look at three key areas accounts preparers should consider when planning the transition to FRS 102, Section 1A (for small companies) or FRS 105 Financial Reporting Standard applicable to the Micro-entities Regime.