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Just six in 100 businesses ready for major changes to financial reporting
Summary by Scottish Business News
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Just Six In 100 Businesses Are Ready For Major Changes To Financial Reporting
Fewer than 6% of businesses have completed the implementation of revised FRS 102 requirements, a poll organised by UK top 10 accountancy firm Azets has revealed. Key changes, including new lease accounting and a new five-step revenue recognition model, became effective for periods beginning on or after 1 January this year.
Just six in 100 businesses ready for major changes to financial reporting
Fewer than 6% of businesses have completed the implementation of revised FRS 102 requirements, a poll organised by UK top 10 accountancy firm Azets has revealed. Key changes, including new lease accounting and a new five-step revenue recognition model, became effective for periods beginning on or after 1 January this year. Therefore, they are first […]
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