Frs Changes 2025
Frs Changes 2025. The frc has issued amendments to frs 102 and other financial reporting standards which are mostly effective for accounting periods beginning on or after 1 january. New disclosure requirements about supplier finance arrangements (effective 1 january 2025 with early application permitted).
The frc issued the amendments to align with the latest international financial reporting standards (ifrs) and ifrs for smes with primary focus on. The company size thresholds are expected to be increased.