Accounts and Audit of Limited Liability Partnerships

ISBN-13: 9781847669919 / Angielski / Miękka / 2014 / 312 str.

Steve Collings;Yvonne Lang

Opis

This fourth edition provides comprehensive guidance on how to apply UK GAAP to limited liability partnerships and takes readers through all the new requirements for LLP accounting as a result of the implementation of FRS 102. This will be effective for accounting periods beginning on or after January 1, 2015, and earlier if an entity chooses early adoption of FRS 102. The book is fully updated in line with the UK's SORP requirements to ensure that advisers are up to speed with all requirements in this complex area. It includes sets of pro-forma accounts (in particular in relation to the new SORP) for both groups and single LLPs and uses practical tips, worked examples, and best practice principles throughout to ensure understanding. Accountants and tax advisers will not only benefit from specialist guidance covering all aspects of an LLP, but the book also includes invaluable information on the key UK company law and taxation issues. It covers the following UK legislation and case law: Limited Liability Partnership Act 2000 * Companies Act 2006 * 2008 and 2009 LLP Regulations * Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' 2014.

Spis treści

Contents Chapter 1 The law and practice of limited liability partnerships Chapter 2 General accounting requirements and the LLP SORP Chapter 3 The LLP and auditor relationship Chapter 4 The audit and UK and Ireland auditing standards Chapter 5 Accounting for members' interests and remuneration - principles Chapter 6 Accounting for members' interests and remuneration - practical considerations Chapter 7 Revenue recognition and work in progress Chapter 8 Taxation Chapter 9 Other accounting standards Chapter 10 Going concern Chapter 11 Consolidated accounts Chapter 12 Business combinations Chapter 13 The transition from partnership to LLP