Required Standards
13 September 2012
FRSs and SSAPs relevant to Unit 11 outlined
Students preparing for unit 11 ‘Drafting Financial Statements’ require knowledge of the purpose and scope of accounting Standards issued by the Accounting Standards Board (ASB).
Those in use include SSAPs and FRS. Before 1990, SSAPs (Statements of Standard Accounting Practice) were developed by the Accounting Standards Committee. The ASB was formed following...