Picking cherries from the fixed asset tree
King, H.
Picking cherries from the fixed asset tree - 1999 - CSM 8 (8) April 1999, 40(1) .
Describes the Accounting Standard Board`s new standard on tangible fixed assets, FRS 15, which outlaws cherry-picking. Companies opting for a policy of revaluation in their accounts must revalue whole classes of similar assets and keep the revaluations up to date. The standard comes into force for accounting periods ending on or after 23 March 2000.
ACCOUNTING STANDARDS BOARD
ASB
BALANCE SHEET
FRS15
TANGIBLE FIXED ASSETS
VALUATIONS
Picking cherries from the fixed asset tree - 1999 - CSM 8 (8) April 1999, 40(1) .
Describes the Accounting Standard Board`s new standard on tangible fixed assets, FRS 15, which outlaws cherry-picking. Companies opting for a policy of revaluation in their accounts must revalue whole classes of similar assets and keep the revaluations up to date. The standard comes into force for accounting periods ending on or after 23 March 2000.
ACCOUNTING STANDARDS BOARD
ASB
BALANCE SHEET
FRS15
TANGIBLE FIXED ASSETS
VALUATIONS