University of Worcester Worcester Research and Publications

Transition Time.

Tiller, Stephanie (2015) Transition Time. Financial Accountant. pp. 31-32. ISSN 1357-5449

Text (A technical accountancy article covering accounting for leases under FRS102)
Financial Accountant - Matthews.pdf - Published Version

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After more than six years of consultation, 1 January 2015
marked the largest change in the UK accounting profession for decades. Many of us felt saddened to see the old statements of standard accounting practice (SSAPs) and financial reporting standards (FRSs) that we knew and loved become but a distant memory. However, in its place FRS 102 promises a simplified reporting regime with more up-todate and relevant accounting requirements that are less complex and onerous for SMEs. One of the most significant changes, which will apply to most businesses, is in respect of accounting for leases.

Item Type: Article
Uncontrolled Discrete Keywords: FRS 102, financial leases, operating leases
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: College of Business, Psychology and Sport > Worcester Business School
Related URLs:
Depositing User: Stephanie Tiller
Date Deposited: 24 Feb 2015 09:16
Last Modified: 17 Jun 2020 17:06

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