What benefits were there in replacing all existing UK GAAP standards with one overall standard (FRS 102)?

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Accounting For Non-Accountants

ISBN: 9781789664300

12th Edition

Authors: David Horner

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Question Posted: May 27, 2024 02:10 AM

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What benefits are there in replacing all existing UK GAAP standards with one overall standard (draft FRS 102)?
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What benefits were there in replacing all existing UK GAAP standards with one overall standard (FRS 102)?

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A selfcontained standard would be easier to use by those con...View the full answer

Accounting For Non-Accountants

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