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
*Chapter "what-if" scenarios
*Fully updated to cover convergence of GAAP/IAS/IFRS
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;