The accounting standard FRS 12 sets out the criteria for recognising provisions. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.
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Financial Reporting Standard 12: Provisions, Contingent Liabilities and Contingent Assets
This is the full text of the original standard as issued by the Accounting Standards Board in September 1998. It does not include the amendments made by FRS 17, FRS 21 and FRS 26.
A consolidated version of the standard which includes these amendments is available from the Library. Please contact us by phone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at email@example.com for more information.
Provisions, Contingent Liabilities and Contingent Assets
Summary published by the Financial Reporting Council.
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Provisions and contingencies are covered by Section 21 of FRS 102.
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