Having worked for Chartered Accountants for much of the last 53 years, and prepared thousands of accounts in compliance with Companies Acts from 1948 to 2006, and the dreadful FRSSE, we are now faced with compliance with FRS 102 (financial reporting standard). A number of utterly boring training sessions usually stretched out over 3 hours preached of many problems associated with applying this heap of accounting rules dreamed up by a bunch of idiots. The upshot is that there is very little difference at all between FRSSE accounts and FRS 102 accounts - easy peasy!!!
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