UK GAAP - FAR Flashcards
(3 cards)
1
Q
Formats
A
Prescribed format (CA2006)
Option to show ‘statement of income and retained earnings’ instead of SOCI and SOCE
‘True and fair override’
2
Q
Inventories
A
Instead of NRV, refers to estimated selling price less cost to complete and sell
Selling price estimated by specific entity
3
Q
A
