Updated for 2014/15 this is the only book containing all of the FRC's Accounting Standards, Statements and UITF Abstracts as of 30th April 2014. (Note that the FRC now issues accounting standards previous issued by the ASB.
This book will include the new FRSSE 2015, the amended version of FRSSE 2008 which incorporates the micro entity regulations (subject to FRC confirming the final standard). It still has current FRSs and SSAPs, as well as new UK GAAP standards, FRS 100, 101 and 102.
The book contains not only current FRSs and SSAPs but also includes the new UK GAAP standards that have already been issued:
- FRS 100 Application of Financial Reporting Requirements
- FRS 101 Reduced Disclosure Framework
- FRS 102 The Financial Reporting Standard applicable in the UK and Ireland
These standards take effect from 1 January 2015, but are available for early adoption. However, even if you or your clients are not early adopting the standards, an understanding of their requirements will be needed in time for 31 December this year, which is the transition date to new UK GAAP for many companies.
Designed for maximum efficiency and presented in a logical format, Accounting Standards 2013-14 helps you find what you need quickly and easily. The standards are fully cross-referenced with helpful footnotes which identify relevant changes or revisions to documents since they were first issued.
There is increasing scrutiny from regulators and a desire by firms and companies to maintain high professional standards and get work "right first time". Accounting Standards 2014-15 is the ideal reference work to help you achieve this aim, increasing both efficiency and quality. Make sure you have it constantly by your side and on your fellow partners' and staff members' desks.
