FRS coming to effect in 2009

1. Revised FRS 1: Presentation of Financial Statements
• effective 1 January 2009
• learn how to prepare the revised formats to financial statements

2. FRS 23: Borrowing Costs
• effective 1 January 2009
• learn how to capitalise interest on qualifying assets

3. FRS 27 – Consolidated and Separate Financial Statements
• effective 1 July 2009.
• learn the new rules for consolidation

4. FRS 103: Business Combinations
• effective 1 July 2009
• learn the new rules for consolidation

5. FRS 107: Financial Instruments: Disclosures
• effective 1 January 2008
• learn about the best practices for the new disclosure requirements under FRS 107

6. INT FRS 113: Customer Loyalty Programmes
• effective 1 July 2008
• learn how to account for reward points for credit and loyalty cards etc

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