Transition to FRS 102 – An Opportunity for Revaluation

We have finally made it to the last in our series of blogs on accounting standards changes.  As mentioned in our previous blog, transition for a small company from FRSSE to FRS 102 gives rise to an opportunity! (We like them!).  On moving over to the new standard, there is a one-off chance to revalue… Continue reading Transition to FRS 102 – An Opportunity for Revaluation

Micro or Small… What’s the Difference?

Welcome to our fourth blog in this series.  In our previous blogs, we have highlighted that there are different accounting standards for different size companies, so the accounts will look different.  But what does this actually mean for your accounts?  Remember, companies that qualify as micro have the option of preparing micro accounts, but they… Continue reading Micro or Small… What’s the Difference?

What’s Changing for Small and Medium Companies?

The third in our series of accounting changes blogs focuses on small and medium companies.  A new financial reporting standard has been introduced, called FRS 102, which replaces all the previous UK standards in issue that were applicable to medium sized companies.  The standard takes effect for accounting periods starting from 1 January 2015. The… Continue reading What’s Changing for Small and Medium Companies?