Keep up to date with the latest news on the International Financial Reporting Standard, component accounting and the SORP.
Early repayment clauses in loan facility agreements
The Financial Reporting Council has provided temporary clarification on the accounting treatment for the early repayment of fixed rate debt with two-way break clauses – read more about this.
The Housing SORP: 2018 update is a revision of the 2014 version and was published in October 2018. The SORP was updated following amendments to financial reporting standards.