Where do I post a Fair Value adjustment for FRS102?

Although previous versions of IRIS allowed fair value adjustments to be recognised in the profit and loss account simply by using an existing account within the relevant format heading, dedicated accounts have now been made available on v17.1 (“Gain/Loss on revaluation of fixed assets”). Accounts have been provided within each expense heading as well as within other operating income, in addition accounts 107 and 410 have been provided which will allow the gain/loss to be shown separately on the face of the profit and loss account (income statement) within or below operating profit respectively. Note: Each account includes sub accounts 1-4 to allow a breakdown per asset type if required. Where postings do not exist to the main account 107 or 410, but exist within the multiple sub-account codes (1 to 4) the description of the new line item should be taken from the accounts/extended description on nominal code 107 or 410. Where postings do not exist to the main account 107 or 410 but only exist within 1 sub-account (either /1, 2, 3 or 4) the description of the new line should be taken from the accounts/extended description of that sub account. A data screen option is also available under Profit and Loss Account | Options | General to append the expense headings with “including value adjustments” if required.