FRS 102 New Financial Reporting Standards in Rep of Ireland & UK
FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” has now been published as the new Financial Reporting Standard applicable to Irish and UK entities with accounting periods beginning on or after 1 January 2015.
FRS 102 fundamentally reforms financial reporting in the Ireland and the UK, replacing all existing FRS’s, SSAPs and UITF Abstracts in issue with one 225 page document.
The following are a list of the 10 area that we believe will result in major changes from current GAAP. Click here to download PDF