Collings Interpretation and Application of UK GAAP

For Accounting Periods Commencing On or After 1 January 2015
1. Auflage 2015
ISBN: 978-1-118-81925-8
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, Band 1, 546 Seiten, E-Book

Reihe: Wiley Regulatory Reporting

Get up to date on the latest UK GAAP, with practical applicationguidance
Interpretation and Application of UK GAAP is acomprehensive, practical guide to applying UK GAAP at all levels,for accounting periods commencing on or after January 1, 2015. Thisbook examines all of the core principles for every business, fromsubsidiaries of major listed companies right down to the verysmall, owner-managed business. Each chapter includes a list ofrelevant disclosure requirements to facilitate understanding, andreal-world examples bring theory to life to provide guidance towardeveryday application. Readers gain practical insight into thepreparation of accounts under the EU-adopted IFRS, FRSs 100, 101,and 102, the FRSSE, and the Companies Act 2006, with expertguidance as to which requirements apply in which situations, and towhich companies, and the type of disclosure each scenario requires.The book also includes detailed analysis of the planned changes tothe Small Companies' Regime which are scheduled to take effect in2016.
With sweeping changes coming into effect from January1st 2015, financial statement preparers must have asound appreciation of how the new UK GAAP works. This book providesa complete guide, with the latest regulations and straightforwardadvice 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 eachtopic
* Get up to date on the latest area-specific practices
With new accounting practices in many broad areas includinginvestment property, inventory valuations, deferred tax, fixedassets, and more, auditors and accountants need an awareness of howthe new financial reporting regime will affect them.Interpretation and Application of UK GAAP is the mostcomprehensive reference, with the latest information and practicalguidance.

Autoren/Hrsg.

Collings, Steven

Inhaltsverzeichnis

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

Über Autor(innen)

Steven Collings (Bolton, UK) is theAudit & Technical Partner at Leavitt Walmsley Associates, a firm of Chartered Certified Accountants based in Manchester. He writes extensively on technical matters on Accountingweb.co.uk, and is a partner in the student website, studentaccountant.co.uk. He is also a freelance lecturer to student accountants and to qualified AAT members on financial reporting and auditing issues.
Steve is a member of the Wiley Insight: IFRS Editorial Board.