A provisional solution

Article Abstract:

The accounting standard FRS 12, Provisions, Contingent Liabilities and Contingent Assets, is discussed with emphasis on understanding it. Problems have arisen over the interpretation of various parts of this standard and it may have to be revised.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Grasping the nettle

Article Abstract:

Issues concerning the accounting disclosure and treatment of employee share options are discussed. Laws governing how options are treated for accounting purposes in the UK and changes proposed by the Accounting Standards Board are described.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code:

Financial instruments

Article Abstract:

The suggested accounting treatment of financial instruments proposed by the Joint Working Group, published in December 2000, are discussed, with focus on the use of a fair value approach for valuation.

User Contributions:

Comment about this article or add new information about this topic:

Comment:  (50-4000 characters)

Name:

E-mail:

Security Code: