
What do the FRS 102 changes mean for retail businesses?
On 27 March 2024, the Financial Reporting Council (FRC) announced significant changes to FRS 102 to align more closely with international standards. These updates will...
Our client-centric and approachable service from our dedicated and knowledgeable teams will always ensure you are given the right advice at the right time.
Our experienced specialists will provide you with a personable and award-winning service. We are perfectly situated to help regional, national, and international further and higher education institutions and organisations.
We can offer an extensive range of expert accountancy and tax services.
No matter your needs, you can be assured that we want to take the time to listen and gain an understanding of you, your organisation, and your objectives, to ensure that we’re providing the best possible support at the right time.
The further education sector has undergone turmoil since the start of the pandemic and saw industry revenue decline. Tightening training budgets and an increase in the number of apprentices who were unable to complete their courses or undertake appropriate assessments meant that income may have been impacted or at risk as a result.
Following the recent announcement that FE Colleges are being reclassified back into the public sector means that you need advisors who can support you on this journey and transition.
Government funding of £300m will be made available to support elimination of deficit funding in the FE sector and a further £150M over the next couple of years to fund capital projects.
FE Colleges will retain many of their current freedoms to manage their affairs, however will need to ensure they comply with the aspects of being in the public sector, such as complying with managing public money. We assisted the academy sector with this transition and therefore have a great wealth of experience and support available to ensure you do not have to reinvent the wheel.
Our education team is here to assist you in this process to be ready for the effective date of August 2024. We can manage any difficult issues you may have and ensure you are aware of new regulatory demands.
By phone or by email, if we either know or should know the answer to your query (and our experience is such that this is no longer confined to just financial and reporting matters) then that advice is free – as much as you need – as often as you like.
Contact us today to find out more about how we can help you
On 27 March 2024, the Financial Reporting Council (FRC) announced significant changes to FRS 102 to align more closely with international standards. These updates will...
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