Financial Reporting Standard 5
David Ryl
(Solicitor and Partner with S.J. Berwin & Co.)
3955
Abstract
The Accounting Standards Board have now issued Financial Standard Reporting 5 (FRS5) – Reporting the Substance of Transactions. Highlights two principal changes to the Financial Reporting Exposure 4 (FRED4) which have been incorporated into FRS5, namely offset and partial de‐recognition. Briefly discusses the ″linked presentation″ rules which were set out in FRED4 and have now been implemented in FRS5.
Keywords
Citation
Ryl, D. (1994), "Financial Reporting Standard 5", Journal of Property Finance, Vol. 5 No. 1, pp. 7-8. https://doi.org/10.1108/09588689410063139
Publisher
:MCB UP Ltd
Copyright © 1994, Company