Market leading insight for tax experts
View online issue

Amendments to fair value disclosures in FRS 102

printer Mail

The Financial Reporting Council has issued Amendments to FRS 102 – Fair value hierarchy disclosures. The amendments simplify the preparation of disclosures about financial instruments for financial institutions and retirement benefit plans. (Other entities applying FRS 102 are unaffected by these amendments.)

The amendments categorise fair value measurements into levels consistent with the fair value hierarchy set out in IFRS 13 Fair Value Measurement and are effective for accounting periods beginning on or after 1 January 2017, with early application permitted. This will mean that entities can apply the changes in financial statements for accounting periods that ended on 31 December 2015, if those financial statements have yet to be approved. See

Issue: 1300
Categories: News