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New accounting standard

Language: English Series: Financial Times ; 27 November 1998, 32(1)Publication details: 1998Subject(s): Summary: A new accounting standard, FRS-12, which requires large companies to disclose the aggregate liabilities of all unoccupied leasehold arrangements is forcing UK companies to focus on the inflexible terms of the standard lease. The standard will take effect from 23 March 1999.

A new accounting standard, FRS-12, which requires large companies to disclose the aggregate liabilities of all unoccupied leasehold arrangements is forcing UK companies to focus on the inflexible terms of the standard lease. The standard will take effect from 23 March 1999.