FRS 102 “The Financial Reporting Standard Applicable in the UK and Republic of Ireland”(link to FRC website) is a single coherent financial reporting standard, based on the IFRS for SMEs but with substantial changes, for use by UK and Irish entities (other than those that are required to...
When the Federal Reserve chairman announces interest rate changes for loans to member financial institutions,almost all financial institutions change their interest rates within days afterward.In this way,the Fed controls the cost of credit to consumers.Additionally,it provides a central clearinghouse for...