UK GAAP for Business and Practice

ISBN-13: 9780750668736 / Angielski / Miękka / 2006 / 496 str.

Paul Gee

Opis

UK companies other than those listed on the full market or AIM will be permitted to continue using UK GAAP for several years to come. The Accounting Standards Board recently announced that it was re-considering its strategy for converging UK GAAP with IFRS. The UK Government has also brought in many company law changes in the past two years. Never in the history of financial reporting has the pace of change been so rapid.

This book provides you with a concise and easily accessible guide to all the recent changes, and their likely practical impact. This new edition has been extensively updated and revised and includes:

- An Executive summary of recent developments;
- UITF Abstract 40 on Revenue recognition;
- Financial Reporting Standard for Smaller Entities (effective January 2005);
- The latest convergence developments, including summaries of comparison of UK GAAP with IFRS;
- Financial instruments (FRS 25 and 26);
- Events after the balance sheet date (FRS 21);
- A new chapter on the UK regulatory framework, including statutory Instruments issued during 2005;
- Overview of reporting requirements for listed companies.

New features within the book include:

- Frequently Asked Questions at the end of most chapters.
- Each chapter concludes with a concise summary of relevant IFRS requirements.
- References to relevant websites.

The book also includes summaries of current standards and key implementation dates.

This book was previously known as: Spicer and Pegler: Financial Reporting for Business and Practice]

*Practical, concise reference
*Worked examples
*Checklists
*Chapter "what-if" scenarios
*Fully updated to cover convergence of GAAP/IAS/IFRS

Spis treści

1 Executive summary 2005; 2 The UK Regulatory Framework; 3 Accounting policies and estimation techniques; 4 Profit and loss account, Statement of total recognised gains and losses and balance sheet; 5 Cash flow statements; 6 Reporting the substance of transactions; 7 Converging UK GAAP with IFRS; 8 Revenue recognition; 9 Employee benefits; 10 Share-based Payment; 11 Taxation, including deferred tax; 12 Tangible Fixed Assets; 13 Intangible fixed assets, including goodwill; 14 Hire purchase and leasing; 15 Current assets; 16 Loans, Provisions, contingencies and commitments; 17 Financial instruments including creditors and loans; 18 Shareholders' funds and dividends; 19 Related Party Transactions, contingencies, commitments and post balance sheet events; 20 Events after the balance sheet date; 21 Analysis of Accounts - 4: Segmental Reporting; 22 Accounting for SMEs and using the FRSSE; 23 Listed company reporting; 24 Limited liability partnerships; 25 FRS 2 - Accounting for subsidiary undertakings; 26 Acquisition accounting, fair values and business disposals; 27 Associates and joint ventures; 28 Accounting for overseas operations; 29 Converging UK GAAP with IFRS - the road ahead; Appendices;