Section 3: Financial statement presentation Section 3 explains fair presentation, what a complete set of financial statements is and what compliance with FRS 102 requires. The fundamental principles for the preparation of financial statements that result in the faithful representation of transactions, othe...
This comprehensive one-day course will equip delegates with the knowledge of all the options available under the financial reporting framework in the UK. Attending this course will give you a complete understanding of the key concepts and principles of UK GAAP as well as explaining the additional ...
The article throws light on the fact that the transition from UK Generally Accepted Accounting Principles (GAPP) to the Financial Reporting Standard (FRS) 101 or FRS 102 from January 2015. The article also has references to the International FRS (IFRS). Reference is also made to the issuance...