FRS 102 and Recommerce: Difference between pages

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imported>Doug Williamson
m (Link with OEM page.)
 
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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 sale of a used - possibly obsolete - physical product, often by a retail customer.


This applies to reporting periods starting on or after 1 January 2015.
The sale may be a re-sale to the original supplier, and often anticipates the recovery of any re-usable components and the safe disposal of any waste.




FRS 102 - in conjunction with FRS 100, FRS 101 and FRS 103 - is designed to:
== See also ==
* [[Ecycling]]
* [[Commodity]]
* [[Commodity risk]]
* [[OEM]]


# Implement an international-based financial accounting framework for all relevant UK and Irish reporting entities and users.
[[Category:Corporate_finance]]
# Use the same accounting language regardless of the size of the reporting entity.
[[Category:Manage_risks]]
# Retain a proportionate approach to disclosure in order to meet users’ information needs, without imposing undue reporting burdens.
 
 
==See also==
* [[FRS 100]]
* [[FRS 101]]
* [[FRS 103]]
* [[UK GAAP]]
 
 
== Other links ==
[http://www.treasurers.org/node/9519 Filling the GAAP, Stanislav Varkalov, The Treasurer, November 2013]
 
[[Category:Accounting,_tax_and_regulation]]

Latest revision as of 09:29, 4 July 2014

The sale of a used - possibly obsolete - physical product, often by a retail customer.

The sale may be a re-sale to the original supplier, and often anticipates the recovery of any re-usable components and the safe disposal of any waste.


See also

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