Draft and FRS 17: Difference between pages

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''Documentation.''
The former UK Financial Reporting Standard 17, dealing with retirement benefits.


A written order from one party (the drawer) to another (the drawee) to pay a party identified on the order (payee) or the bearer a specified sum, either on demand (sight draft) or on a specified date (time draft).
It introduced the important requirement for the full amounts of pension fund deficits and surpluses to be recognised and disclosed in the sponsoring employer's balance sheet.
 
 
Effective for periods commencing on or before 31 December 2014.
 
 
Employee benefits are covered by Section 28 of FRS 102 for reporting periods starting on or after 1 January 2015.




== See also ==
== See also ==
* [[Bank draft]]
* [[Deficit]]
* [[Banker's acceptance]]
* [[Defined benefit pension scheme]]
* [[Cheque]]
* [[FRS 102]]
* [[Documentary collection]]
* [[IAS 26]]
* [[Payable through draft ]]
* [[Statement of total recognised gains and losses]]
* [[Trade acceptance]]
* [[Surplus]]


[[Category:Long_term_funding]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Trade_finance]]
[[Category:Compliance_and_audit]]
[[Category:Liquidity_management]]
[[Category:Manage_risks]]

Latest revision as of 11:30, 16 July 2019

The former UK Financial Reporting Standard 17, dealing with retirement benefits.

It introduced the important requirement for the full amounts of pension fund deficits and surpluses to be recognised and disclosed in the sponsoring employer's balance sheet.


Effective for periods commencing on or before 31 December 2014.


Employee benefits are covered by Section 28 of FRS 102 for reporting periods starting on or after 1 January 2015.


See also