UITF Abstract 4 Presentation of Long-term Debtors in Current Assets
Issued July 1992. Effective accounting period ending on or after 23 August 1992.
UITF Abstract 4 has been superseded by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland for accounting periods beginning on or after 1 January 2015. For more information visit:
Synopsis
In most cases it will be satisfactory to simply disclose the amount included in debtors which is due after more than one year in the notes to the financial statements. However in cases where the amount of debtors due after more than one year is material in the context of total net current assets then separate disclosure on the face of the balance sheet is required.
Last updated 21 June 2015
