European Investment Bank and FRS 101: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
m (Added more space and extra sentence re EIB group as per website : http://www.eib.org/about/index.htm - 28/02/14)
 
imported>Doug Williamson
(Add links.)
 
Line 1: Line 1:
(EIB/BEI).  
''UK and Irish accounting.''


Long-term lending bank for the European Union.
Financial Reporting Standard 101, dealing with the Reduced Disclosure Framework for financial reporting in the UK and the Republic of Ireland.


It is part of the EIB Group which comprises the European Investment Bank and the European Investment Fund (provides SME risk finance).


FRS 101 applies to companies which are members of larger public groups.


== See also ==
FRS 101 sets out reduced disclosure requirements (within the framework of IFRS) for 'qualifying entities'.
* [[European Union]]
 
* [[Supranational bond]]
 
Qualifying entities for this purpose are members of groups where:
 
(i) The parent of the group prepares publicly available consolidated financial statements; and <br>
(ii) The qualifying entity is included in the consolidation prepared by the parent company.
 
 
==See also==
* [[FRS 100]]
* [[FRS 102]]
* [[FRS 103]]
* [[FRS 104]]
* [[FRS 105]]
* [[IFRS]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 09:57, 23 September 2021

UK and Irish accounting.

Financial Reporting Standard 101, dealing with the Reduced Disclosure Framework for financial reporting in the UK and the Republic of Ireland.


FRS 101 applies to companies which are members of larger public groups.

FRS 101 sets out reduced disclosure requirements (within the framework of IFRS) for 'qualifying entities'.


Qualifying entities for this purpose are members of groups where:

(i) The parent of the group prepares publicly available consolidated financial statements; and
(ii) The qualifying entity is included in the consolidation prepared by the parent company.


See also