Since Autumn 2014 (11.6) the ability to create accounts under the new financial reporting standards FRS 101 & 102 including the option for early adoption has been available.
Our spring 2015 release saw the second phase of the New UK GAAP changes with the introduction of fully automated iXBRL tagging of FRS 101 and 102 Limited Company accounts.
Following an update to the Statement of Recommended Practice (SORP) for Charities and Limited Liability Partnerships our spring 2015 release v11.7 included the ability to produce FRS 102 and FRSSE (2015) compliant accounts for both, including early adoption (for LLPs).
For further information please view our detailed ”FRS 102’ guide published within the Support section:
From the IRIS Help Centre, here
Alternatively please review KB IAS-11859
for information on early adoption of FRS101 and FRS102 for periods beginning before 1 January 2015.
You can also get further information from the Financial Reporting Council Website available here
“IRIS strongly recommend attending our series of FRS seminars – please click on the following link for further details:
New FRS 101 & 102 training courses