Tag Archives: depreciation

How do I account for a change in depreciation policy?

A question that I often get asked is: how are changes in depreciation policy accounted for?  The follow up question usually asked is whether such changes are accounted for prospectively or retrospectively under FRS 102?  The answer, however, depends on whether the change is a change in ‘estimate’ or a change in accounting ‘policy’. Change… Read More


Common Errors in FRS 102 Accounting

Revaluation gains on tangible fixed assets go through the Profit & Loss Account. True or False? The answer is ‘False’. To find out where revaluation gains on tangible fixed assets are presented, see our webinar called ‘Common Errors in FRS 102 Accounting’ where you may download the slides and support materials, all for just €45.… Read More