Robert Bruce interviews — The financial instrument accounting impact of FRS 102 and FRED 51

Published on: 15 Nov, 2013

Robert Bruce interviews Kush Patel, director and financial instruments specialist at Deloitte, on the financial instrument accounting impact of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'  and FRED 51 'Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland: Hedge Accounting'.

The interview discusses:

  • Some important accounting policy changes in respect of financial instrument accounting.
  • The application of the classification and measurement model under FRS 102.
  • Why the Financial Reporting Council (FRC) is proposing changes, with the issue of FRED 51, to the hedge accounting requirements of FRS 102.

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