13 June 2017
Fundamental to FRS 102 is the concept of ‘Fair Value’. Fair value is the amount for which an asset, liability or equity instrument could be exchanged or settled between knowledgeable, willing parties in an arm’s length transaction. In some instances you may require expert advice to determine a fair value.
13 June 2017
Below are some answers to recent questions we've had around the changes to FRS 102.
The FRC has published an open letter to users of the financial statements in advance of the 2017 shareholder meeting season to help investors understand their suggested strategy.
The Financial Reporting Council (FRC) has published revisions to the Conduct Committee’s operating procedures for reviewing corporate reporting, effective 1 April 2017.
Will the International Accounting Standards Board (IASB recent published Discussion Paper proposals make IFRS disclosures more effective?
18 May 2017
The FRC has published an interim relief from FRS 102 with immediate effect to give small entities an option to simplify the measurement of certain director/shareholder loans.
08 May 2017
On 23 March 2017, the Financial Reporting Council (FRC) issued FRED 67 Draft Amendments to FRS 102 - Triennial Review 2017 proposing incremental improvements and clarifications to FRS 102.
23 March 2017
In response to today’s statement from the Financial Reporting Council (FRC) regarding Financial Reporting Exposure Draft (FRED) 67 following the triennial review of FRS 102, Danielle Stewart OBE, Head of Financial Reporting at RSM shares her comments.
29 November 2016
If you have issued share awards, share options or cash bonuses that have a value linked to a share price then you will need to assess their fair value in accordance with IFRS 2.