A briefing for housing association finance directors on the new International Financial Reporting Standards (IFRS).16 March 2011UK
accounting rules are set to give way to new International Financial
Reporting Standards (IFRS). The Housing SORP Working Party has already
spent months reviewing the proposed changes and continues to work
through the details.The
Federation has produced an IFRS briefing for housing
association finance directors. It describes the ASB's key proposals for
converging UK GAAP with international financial reporting standards and
it summarises the likely impacts for the sector. One
of the main purposes of our briefing is to highlight to members the
important issues and to encourage housing associations to respond to the
consultation exercise. New sources: http://www.housing.org.uk/publications/find_a_publication/finance/ifrs_briefing_update.aspx.