Comment deadline for FRED 50 and related FRSSE amendments

When 11 Nov, 2013
from to
Timezone UTC + 1
Where London
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The Financial Reporting Council (FRC) has issued a financial reporting Exposure Draft FRED 50 containing Draft FRC Abstract 1: Residential Management Companies’ Financial Statements which sets out the treatment of residential management transactions in the financial statements of residential management companies (RMCs). The FRC has also issued consequential amendments to the Financial Reporting Standard for Smaller Entities (FRSSE). 

Entities will be required to apply FRED 50 Draft FRC Abstract 1 and the consequential amendments to the FRSSE for accounting periods beginning on or after 1 January 2015 with early adoption permitted.  

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