Each chapter summarizes and explains a new or revised international financial reporting standard, the issue or issues it address, the key underlying concepts, the appropriate accounting treatment, and the associated requirements for presentation and disclosure.
What does FRS stand for?
FRS stands for Financial Reporting Standard (UK Accounting Standards Board)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Organizations, NGOs, schools, universities, etc.
- Business, finance, etc.
See other definitions of FRS
We have 214 other meanings of FRS in our Acronym Attic
- Federal Response Subcommittee (US FEMA)
- Feedback Research Services
- Fellow of the Royal Society
- Female Reproductive System
- Ffestiniog Railway Society (Harbour Station, Porthmadog, Gwynedd, United Kingdom)
- Figure Rating Scale
- File Replication Service (Microsoft Windows)
- Filtered Rayleigh Scattering
- Financial & Retail Services
- Financial Recovery Service, Inc.
- Financial Reporting System
- Financial Risk Solutions (various locations)
- Fire and Rescue Service
- Fire Research Station (UK)
- Firefighters' Retirement System
- First Repository States
- First Responder Service (LeadsOnline)
- First return stroke
- Fisher-Rosemount Systems (various locations)
- Fisheries Research Services (Aberdeen, Scotland)
Samples in periodicals archive:
GAAP standard to an international financial reporting standard (IFRS) can significantly affect American companies--whether or not they do business internationally.
FASB and the IASB have formed an international group working to help to forge new financial reporting standards.
International Financial Reporting Standard Timeline 1966: Professional accounting standards bodies in the United States, Canada and United Kingdom agree to create Accountants International Study Group to study and compare accounting practices in the three countries.
During their June meeting in Toronto, Ontario, the Toronto Valuation Accord organizations reaffirmed their commitment to support ongoing changes in financial reporting standards in North America and the international harmonization of accounting standards.
A new reporting era dawned last month when the International Accounting Standards Board (IASB) published the first international financial reporting standard.
Following recent decisions by various jurisdictions to adopt International Financial Reporting Standards (IFRSs), more than 90 countries will either require or permit the use of IFRSs during the next five years.