Can I early adopt FRS101 & 102 for Limited Companies, LLP’s & Charities?

Article ID

ias-11859

Article Name

Created Date

14th November 2014

Product

IRIS Accounts Production

Problem

Can I early adopt FRS101 & 102 for Limited Companies, Limited Liability Partnership (LLP) & Charities?

Resolution

Early adoption of FRS 101 and FRS 102 for periods beginning before 1 January 2015 for Limited Companies and Limited Liability Partnerships is available within Accounts Production. Important Note: It is not possible to early adopt FRS102 for Charities because the regulations have not yet been released by the Charities Commission. Note: The First year Adjustment section will always be present within the data screens. This allows clients to move between IFRS, FRS101 & 102 at any time.

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“IRIS strongly recommend attending our series of FRS seminars – please click on the following link for further details: New FRS 101 & 102 training courses

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