BS: FRS 102 accounts - a damp squib!!

Subject: BS: FRS 102 accounts - a damp squib!!
From: Bonzo3legs
Date: 30 Apr 17 - 05:52 AM

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!!!

Subject: RE: BS: FRS 102 accounts - a damp squib!!
From: Steve Shaw
Date: 30 Apr 17 - 06:58 AM

Gosh, and here's me thinking you weren't a day over 48!

Apart from that, what are you talking about? Is this a spatworthy subject, I ask meself?

Subject: RE: BS: FRS 102 accounts - a damp squib!!
From: Bonzo3legs
Date: 30 Apr 17 - 08:24 AM

Ah, I'm boringly referring to the new accounts disclosure rules which are mandatory for all companies' accounting periods commencing after 1 January 2016! I was just curious as to whether anyone else came from the accountancy world.

Subject: RE: BS: FRS 102 accounts - a damp squib!!
From: Steve Shaw
Date: 30 Apr 17 - 08:39 AM

I hope not! 😂

Subject: RE: BS: FRS 102 accounts - a damp squib!!
From: Bonzo3legs
Date: 30 Apr 17 - 08:45 AM

So do I!!

Subject: RE: BS: FRS 102 accounts - a damp squib!!
From: punkfolkrocker
Date: 30 Apr 17 - 12:02 PM

I passed an Accounts A level when I was 18
[the teacher had a red face and stank of whiskey after every lunch time - one of our mates was shagging his daughter...]

I was pushed into entirely the wrong A level subjects,
mainly to please my family
who were concerned I might end up a punk rock druggie dead in a shop doorway......


apart from that....

Subject: RE: BS: FRS 102 accounts - a damp squib!!
From: McGrath of Harlow
Date: 30 Apr 17 - 07:53 PM

Does this change (or none change) mean any possible advantage or disadvantage to those of us who are not accountants? For example, does it do anything to make it harder or easier for big business to rob us blind and fiddle their taxes?

Subject: RE: BS: FRS 102 accounts - a damp squib!!
From: Bonzo3legs
Date: 01 May 17 - 10:38 AM

I couldn't possibly comment!!

Subject: RE: BS: FRS 102 accounts - a damp squib!!
From: Bonzo3legs
Date: 05 May 17 - 02:50 AM

It does nothing to stop Labour voting restaurant owners for instance, from not declaring all cash takings!!!