| Descript |
xxiii, 520 pages |
| Note |
Formerly CIP. |
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Includes index. |
| Contents |
About the Author vii Foreword ix Preface xi Acknowledgements xiii Introduction xv 1 General Requirements of the Companies Act 2006 1 2 The Statutory Audit Requirement and Accounting Principles 27 3 The Primary Financial Statements and Disclosure Notes 43 4 Financial Reporting for Smaller Companies 65 5 Summary of the Key Differences between FRS 102 and Old UK GAAP 83 6 Consolidated and Separate Financial Statements 103 7 Accounting Policies, Estimates and Errors 125 8 Revenue Recognition 137 9 Assets Held for Sale and Discontinued Operations 153 10 Employee Benefits 159 11 Income Tax 177 12 Intangible Assets 199 13 Property, Plant and Equipment and Investment Properties 213 14 Borrowing Costs 237 15 Impairment of Assets 241 16 Government Grants 261 17 Financial Instruments 267 18 Inventories and Work-in-Progress 299 19 Share-based Payment 309 20 Leases 321 21 Provisions and Contingencies 341 22 Statement of Cash Flows 351 23 Investments in Associates and Joint Ventures 365 24 Related Parties 379 25 Specialised Activities 395 26 Liabilities and Equity 421 27 Events after the Reporting Period 443 28 Foreign Currency Translation 457 29 Small Company Abbreviated Financial Statements 467 30 Reduced Disclosure Framework 485 31 First-Time Adoption of FRS 102 491 Index 505 |
| Note |
With sweeping changes coming into effect from January 1st 2015, financial statement preparers must have a sound appreciation of how the new UK GAAP works. This book provides a complete guide to the latest regulations, and straightforward advice on their application at all levels. Get up to date on the latest UK GAAP, with practical application guidance Interpretation and Application of UK GAAP is a comprehensive, practical guide to applying UK GAAP at all levels, for accounting periods commencing on or after January 1, 2015. This book examines all of the core principles for every business, from subsidiaries of major listed companies right down to the very small, owner-managed business. Each chapter includes a list of relevant disclosure requirements to facilitate understanding, and real-world examples bring theory to life to provide guidance toward everyday application. Readers gain practical insight into the preparation of accounts under the EU-adopted IFRS, FRSs 100, 101, and 102, the FRSSE, and the Companies Act 2006, with expert guidance as to which requirements apply in which situations, and to which companies, and the type of disclosure each scenario requires. The book also includes detailed analysis of the planned changes to the Small Companies' Regime which are scheduled to take effect in 2016. With sweeping changes coming into effect from January 1 st 2015, financial statement preparers must have a sound appreciation of how the new UK GAAP works. This book provides a complete guide, with the latest regulations and straightforward advice on usage. Understand UK GAAP application at all levels Learn how to handle all relevant key accounting treatments Refer to complete disclosure requirement lists for each topic Get up to date on the latest area-specific practices With new accounting practices in many broad areas including investment property, inventory valuations, deferred tax, fixed assets, and more, auditors and accountants need an awareness of how the new financial reporting regime will affect them. Interpretation and Application of UK GAAP is the most comprehensive reference, with the latest information and practical guidance. Comprehensive coverage of the new UK GAAP framework On January 1st 2015, all United Kingdom Financial Reporting Standards, Statements of Standard Accounting Practice and Urgent Issues Task Force Abstracts were replaced by a brand new Financial Reporting Framework. This fundamental shift in the reporting landscape brings significant challenges, not only for those entities which report under UK GAAP, but also for UK entities which report under IFRS. The focus of this book is to provide preparers of financial statements with concise and transparent information that will allow a clear understanding of how the new UK GAAP works, and how it fits into the broader picture of all the different frameworks which are currently applicable in the UK and the Republic of Ireland. Coverage includes: Examination of all of the core principles at all levels of UK GAAP, from major listed company requirements, right down to the very small, owner-managed business The key differences between old and new UK GAAP Reporting under the brand new FRS 100 Application of Financial Reporting Requirements, FRS 101 Reduced Disclosure Framework and FRS 102 The Financial Reporting Standard applicable in the UK and the Republic of Ireland Throughout the book, real-world examples bring the accounting treatments to life, while a list of disclosure requirements at the end of each chapter provides further, practical guidance on the preparation of accounts under all standards applicable in the UK. |
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200 annual accesses. UkHlHU |
| ISBN |
9781118819265 (e-book) |
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9781118819272 (pbk.) : |
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9781118819258 (ePub ebook) : |
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9781118819265 (PDF ebook) : |
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9781119052944 (ebk) |
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