For periods commencing on or after 1 January 2015, existing UK GAAP for non-small entities is being replaced by new standards, principally FRS 102 – and a year later, it will apply to small entities (except micro-entities), too. Your client will need to be aware of the key issues that will arise on transition and begin to prepare for the new regime.
We have produced three letters to send to your clients:
Each letter summarises the main topics of likely changes under FRS 102, and provides you with the opportunity to offer services to the client to ease the transition process.
Property, Service and Manufacturing Businesses - The Impact of FRS 102