FRSSE 2007 - effective January 2007
Applies to ac periods commencing on or after 01/01/07
THe new Financial Reporting Standards for Smaller Entities 2007 is now in force. It applies to all accounting periods commencing on or after 1st January 2007, but earlier adoption is permitted.
In practice, this means that for most charities, it will have effect from 31st December 2007 onwards.
During the course of 2007 we will be issuing updates to the templates to accomodate the new FRSSE