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uk gaap

FRS 102 – UK GAAP: Changes to financial statements

19th December 2014

From 1 January 2015, companies filing their financial statements currently according to UK Generally Accepted Accounting Practice will see several changes implemented, in the form of FRS 102. We’ve set out the key changes to financial statements below, so you’re aware of them. Cash Flow Statement Currently, only 90% subsidiaries are exempt from preparing a cash flow statement (according to FRS 1), however ...read more