Think FRSSE first
Article Abstract:
The consultant paper, issued in December 1995, which contained the first attempt at the Financial Reporting Standard for Smaller Entities (FRSSE), called 'designed to fit' was never accepted fully by the Accounting Standards Board (ASB) as it was considered as a diluted version which watered down accounting standards only as far absolutely necessary the still leaving a margin for error.The ASB is thinking of revising the FRSSE and extending it to medium-sized firms and letting another 30,000 firms to use it.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2006
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Exposure draft: Amendment to Financial Reporting Standard for Smaller Entities 2006
Article Abstract:
The Exposure Draft of the Financial Reporting Standard for Smaller Entities (FRSSE) 2006 is the fifth periodic revision which presents one document and in a simplified form the accounting requirements that are relevant to smaller entities. The proposed amendments to the FRSSE are aimed to incorporate relevant aspects of the FRSs, amendments to FRSs and UITF Abstracts.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2006
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Amendment to FRS 26 (IAS 39) Financial Instruments: Measurement, Recognition and Derecognition
Article Abstract:
The Accounting Standards Board issued FRS 26 (IAS 39) for implementing the measurement requirement of IAS 39 Financial Instruments: Recognition and Measurement. The amendment to FRS 26 commences the various amendments to the text of the Standard and amendments to the Preface and the Notes on the Standard's Application.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2006
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