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Updates to FRS 100, FRS 101 and FRS 102 have been published.

In addition to minor typographical and presentational corrections, each has been updated as follows:

Updates from FRS 100 issued in November 2012 include:

  • the withdrawal of FRS 27 Life Assurance (as set out in FRS 103 Insurance Contracts issued in March 2014)
  • consequential amendments to FRS 102 included in FRS 104 Interim Financial Reporting issued in March 2015
  • Amendments to FRS 100 issued in July 2015
  • an editorial amendment to paragraph A2.19 to include a reference to the Strategic Report.

Updates from FRS 101 issued in August 2014 include amendments to FRS 101

Reduced Disclosure Framework – 2014/15 cycle and other minor amendments issued in July 2015.

Updates from FRS 102 issued in August 2014 include:

  • an editorial amendment to Section 12 Other Financial Instruments Issues in relation to the examples of hedge accounting issued on 17 September 2014
  • Amendments to FRS 102 – Pension obligations issued in February 2015
  • consequential amendments to FRS 102 included in FRS 104 Interim Financial Reporting issued in March 2015
  • amendments to FRS 102 – Small entities and other minor amendments issued in July 2015.

For more information visited the dedicated UK GAAP pages on ACCA’s technical advisory webpages.

Article contributed by ACCA In-Practice