On the 19-20th March, Real Asset Management (RAM) headed to The University of Warwick in Coventry for the annual Housing Finance Conference. With over 500 attendees from the housing sector, the two-day event included special interest workshops, debates and presentations from various speakers.
So what was the hot topic on everyone’s lips?
Whilst there were many subjects being discussed, the overriding theme from everyone visiting our stand, both existing customers and prospects, was the new accounting regulation, FRS 102.
FRS 102 will see new format compliances and in addition to this, there will be changes in the criteria for recognition of some assets and liabilities, the measurement basis of items and the treatment of some gains and losses. And although all organisations will have to be compliant with FRS 102 by January 2014, housing organisations need not panic just yet. 2014-2015 will see a comparative year; where both SORP and FRS 102 run side by side to ensure organisations are ready for the up and coming changes.
And this is what we were telling anyone visiting our stand. And more importantly, that RAM will be there with them every step of the way.
For us, the Housing Finance Conference is a worthwhile event which we look forward to every year. It is a great chance for finance professionals in the housing sector to catch up and touch base with their peers in the industry whilst allowing us to see a vast number of our customers in one room.
We also ran our annual competition where this year, one lucky winner was given the opportunity to win a Red Letter Day voucher.
For more information about FRS 102 or advice on how an asset management system might benefit your housing organisation then why not give us a call on +44 (0)1689 892 100.