Implementation of FRS102
FRS102 is the new accounting standard which will impact most medium and not-for-profit organisations from 2016 onwards.
FRS102 has a number of complicated areas such as restating assets and liabilities at fair value; financial instruments; additional disclosures; and treatments of multi employer pension schemes and treatment of social housing grants. This process can take several weeks or months so getting advice early is critical to ensure the exercise is completed with minimal disruption to your business.
Bevan & Buckland are able to assist with the first time implementation of FRS102 to ensure the first statutory accounts prepared under FRS102 are prepared accurately.