UK Financial Statements: Presentation and Disclosure Requirements

Erscheinungsjahr 2016
ISBN: 978-1-78451-536-2
Verlag: Bloomsbury

Buch, Englisch, 792 Seiten, Paperback, Format (B × H): 156 mm x 234 mm

Accounting standards in the UK and Republic of Ireland are going through a radical change. This book outlines the changes concerned, how they affect companies, what differences exist between the new and the old rules and what practitioners and directors should be aware of in producing financial statements for statutory purposes.

To aid this theory, numerous worked examples and illustrative model accounts are included to help preparers understand how these changes should be implemented.

Practitioners and preparers of accounts need to be fully versed in the changes to accounting practice and the stumbling blocks to avoid under the new rules. Each chapter contains a 'Pitfalls to avoid' section as well as a 'Chapter summary' to help preparers to understand the key differences. Invariably, if the accounts themselves are incorrect due to a misunderstanding of the new treatments, the resulting tax will be incorrect.

UK Financial Statements: Presentation and Disclosure Requirements provides a comprehensive overview of the new reporting regimes in the UK and Republic of Ireland.

Written by an expert in UK company financial reporting issues, it includes illustrative financial statements, model disclosures and the structure of the primary statements under new UK GAAP and
EU-adopted IFRS.

The appendices also contain useful disclosure checklists.

The book is ideal for:

Practitioners dealing with all types of companies
Tax advisers
Company directors
Students studying for professional examinations

Coverage includes:

Introduction;
Overview of the revised Companies Act 2006;
Summary of new UK GAAP and emerging issues and how to deal with them;
Overview of small and micro-entity reporting requirements;
Sample micro-entity financial statements;
Sample small company financial statements;
Sample medium-sized company financial statements;
Sample large (unlisted) company financial statements;
Sample EU-adopted IFRS financial statements;
Abridged and adapted financial statements;
Consolidated financial statements - overview of the requirements;
Sample consolidated financial statements prepared to UK GAAP;
Sample consolidated financial statements prepared to EU-adopted IFRS;
Auditing financial statement disclosures.

Appendices include: Disclosure checklists for micro-entities, small companies, medium-sized companies, large companies and EU-endorsed IFRS.

Autoren/Hrsg.

Collings, Steve

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

Chapter 1: Introduction
Chapter 2: The Revised Companies Act 2016
Chapter 4: Overview of Small and Micro-entity Reporting
Chapter 5: Abridged and Adapted Financial Statements
Chapter 6: Consolidated Financial Statements
Chapter 7: Auditing Financial Statement Disclosures
Appendix 1: Sample Micro-Entity Financial Statements

Appendix 2: Sample Small Company Financial Statements

Appendix 3: Sample Medium-sized Company Financial Statements

Appendix 4: Sample Large (Unlisted) Company Financial Statements

Appendix 5: Sample EU-adopted IFRS Financial Statements

Appendix 6: Sample Consolidated Financial Statements under FRS 102

Appendix 7: Sample Consolidated Financial Statements Prepared to EU-adopted IFRS

Appendix 8: Disclosure Checklist: Micro-entity

Appendix 9: Disclosure Checklist: Small Entity

Appendix 10: Medium-sized Entity Disclosure Checklist

Appendix 11: Large Entity Disclosure Checklist

Appendix 12: EU-adopted IFRS Disclosure Checklist

Über Autor(innen)

Collings, Steve
Steve Collings is Audit & Technical Partner at Leavitt Walmsley Associated Ltd (LWA). In addition to the great work he has done supporting clients and staff working from their offices in Manchester and Warrington over the past 18 years, Steve Collings contributes to a variety of external auditing and accounting platforms and is recognised globally for his technical knowledge.
Steve has become a leading figure in the accountancy and audit profession and is regularly consulted by senior authorities to assist in technical compliance issues, including being asked to become a member of the UK GAAP technical advisory group at the Financial Reporting Council where Steve plays a key role in the maintenance of UK GAAP.
Steve's service to the accounting world has been rewarded with many awards and accreditations including being highly commended as Professional Member of the Year at the AAT Professional Member Awards in 2017, and most recently in 2018, Steve was invited to contribute to the Parliamentary Review at the request of Sir Eric Pickles.
Steve writes for many international accounting blogs and websites, and has authored 24 books to date on accounting and auditing, including his latest book, entitled Practical Guide to UK Accounting and Auditing Standards. He is currently working on updated editions of Financial Reporting for Unlisted Companies in the UK and Republic of Ireland, Small Company Reporting and UK Financial Statements - Presentation and Disclosure, which will be published later in 2018.
Further information on Steve and his published books can be found here: http://www.lwaltd.com/steve-collings/.

Steve Collings is the audit and technical partner at Leavitt Walmsley Associates. He has authored several titles for Bloomsbury and is acknowledged expert in both UK GAAP and IFRS