Euro bond and FRS 102: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Classify page.)
 
imported>Doug Williamson
(Added link to FRS 103 and added to text)
 
Line 1: Line 1:
A proposed new debt instrument for the euro area, also known as a Stability Bond.
Financial Reporting Standard 102 - "The financial reporting standard applicable in the UK and Republic of Ireland" - applies to larger unlisted companies and to other reporting entities.


The new instrument would be denominated in euro and issued <u>jointly</u> by a number of relevant countries, for example all of the euro area (informally Eurozone or [[Euro zone]]) countries.
This applies to reporting periods starting on or after 1 January 2015.


This proposal is sometimes known as 'common issuance' (contrasted with separate sovereign issuance by each individual country as at present).


The spelling without the space has begun to dominate the literature even though that may cause confusion given the established meaning of [[Eurobond]], some authors seeking to use the term [[international bond]] for the latter.
FRS 102 - in conjunction with FRS 100, FRS 101 and FRS 103 - is designed to:


# Implement an international-based financial accounting framework for all relevant UK and Irish reporting entities and users.
# Use the same accounting language regardless of the size of the reporting entity.
# Retain a proportionate approach to disclosure in order to meet users’ information needs, without imposing undue reporting burdens.


''Note''


Take care: a bond denominated in euros is a 'euro bond' in the same way that a bond denominated in dollars is a 'dollar bond'. A euro bond in that sense may be a [[domestic bond]], a Eurobond or [[international bond]], a [[foreign bond]] and even, if any are ever issued, a Euro bond as used in this entry.
==See also==
* [[FRS 100]]
* [[FRS 101]]
* [[FRS 103]]
* [[UK GAAP]]




== See also ==
== Other links ==
* [[An introduction to debt securities]]
[http://www.treasurers.org/node/9519 Filling the GAAP, Stanislav Varkalov, The Treasurer, November 2013]
* [[Eurobond]]


[[Category:Corporate_finance]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Investment]]
[[Category:Financial_products_and_markets]]

Revision as of 15:03, 17 January 2015

Financial Reporting Standard 102 - "The financial reporting standard applicable in the UK and Republic of Ireland" - applies to larger unlisted companies and to other reporting entities.

This applies to reporting periods starting on or after 1 January 2015.


FRS 102 - in conjunction with FRS 100, FRS 101 and FRS 103 - is designed to:

  1. Implement an international-based financial accounting framework for all relevant UK and Irish reporting entities and users.
  2. Use the same accounting language regardless of the size of the reporting entity.
  3. Retain a proportionate approach to disclosure in order to meet users’ information needs, without imposing undue reporting burdens.


See also


Other links

Filling the GAAP, Stanislav Varkalov, The Treasurer, November 2013