If you’re a housing association you will be aware of the implementation of the new financial reporting standards due to come into effect for the start of the 2015/16 financial year.
FRS 102 is based on an international-style accounting framework and will radically alter the structure and content of financial statements. As a result, there is a significant amount of preparation to be done to ensure your organisation is ready for these changes. Therefore you should start now (if you haven’t done so already).
We recommend that you familiarise yourself with the new legislation and establish what the implications at the local level will be and whether your financial systems are able to support the demands of the new era.
To help you further understand the challenges, future plans and key solutions, you can attend one of this year’s National Housing Federation’s SORP Roadshows. You will also have the opportunity to put your questions to the SORP Working Party.
The 2014 events are being held in the following six locations:
- London - 22nd September
- York - 24th September
- Exeter - 1st October
- Birmingham - 7th October
- London - 9th October
- Manchester -15th October
As the headline sponsor for the SORP Roadshows 2014, our consultants are looking forward to helping any customers and other interested parties in learning more about the upcoming legislation and how to prepare for it.
If you’d like to meet up at one of the roadshows contact RAM at firstname.lastname@example.org or tweet us at @RealAssetMgt.
You can also post your questions to the SORP Working Party using #NHFSORP
Ahead of the roadshows, if you’d like to learn more about FRS 102 or are unable to attend, you can get tips and advice from our FRS 102 software advice group on LinkedIn.