FRC clarifies FRS 102 position on pension obligations

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The Financial Reporting Council (FRC) has published amendments to FRS 102 to help clarify confusion over the impact of the new accounting standard.

Fears had been raised that FRS 102 would add liabilities to UK companies' balance sheets by forcing them to book their defined benefit (DB) pension obligations along the lines of IFRIC 14 IAS 19 - ...

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