Route 102 – One man’s year-long journey……Day 80

  • By Jeremy Williams
  • 10 September 2015 00:00

To mark this momentous year for UK GAAP, I'm embarking on a mission to work my way through FRS 102, reading a portion on each working day of 2015 and writing a short blog entry on my thoughts and musings (be they few or many).

DAY 80 (10 Sep)

A brief post today as I'm lecturing in Bristol on FRS 102.

Yesterday I highlighted a key difference between FRSs 10 and 102, which means it is much more likely that, under the new regime, intangibles other than goodwill should be recognised.

There are two remaining hurdles. To be recognised as an asset, there must be a probable inflow of benefits, and these must be capable of reliable measurement. We'll return to this issue on Monday in the context of both separately acquired assets and those acquired as part of a business combination.

P.S. If you missed the last instalment click here

For more guidance on new UK GAAP, please see our dedicated website -

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