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Group Accounts under UK GAAP

Autor Steve Collings
en Limba Engleză Paperback – 7 iun 2022
This title provides accountants and auditors with easy to follow and well structured guidance on the preparation of group accounts in line with UK GAAP. Group accounts must be prepared, by law, for medium-sized and large groups. Listed companies are required to prepare their accounts in line with International Financial Reporting Standards but larger unlisted companies can prepare their statements using UK GAAP. Groups are very common in the UK and are likely to become even more common when corporation tax rates increase in the future as there are various tax advantages to operating under a group structure.Group structures can vary (e.g. horizontal, vertical, hybrid, D-shaped|) and preparing financial accurate financial statements can be complex as a result. While there is a lot of guidance on producing accounts under IFRS, there is every little in evidence dealing with the UK GAAP rules. This title addresses this gap. The commentary identifies the differences between IFRS and UK GAAP in the treatment of group accounts. The differences between accounts produced pre and post Brexit are also covered. All commentary is supported throughout by the inclusion of worked practical examples based on the authors experience dealing with clients and running training courses.This title is included in Bloomsbury Professional's Financial Reporting for Smaller Companies online service.
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Specificații

ISBN-13: 9781526521484
ISBN-10: 1526521482
Pagini: 296
Dimensiuni: 156 x 234 mm
Greutate: 0.41 kg
Editura: Bloomsbury Publishing
Colecția Bloomsbury Professional
Locul publicării:London, United Kingdom

Caracteristici

Provides well structured guidance on the process for preparing group accounts prepared under UK GAAP rather than IFRS

Notă biografică

Steve Collings is Audit & Technical Partner at Leavitt Walmsley Associated Ltd (LWA). He is an acknowledged expert on UK GAAP and IFRS and has written and lectured extensively on both subjects. He is the author of several Bloomsbury Professional financial reporting titles.

Cuprins

Chapter 1: IntroductionChapter 2: Overview of Consolidated Financial Statements and UK GAAPChapter 3: Group Accounts: IntroductionChapter 4: Fair Values and Deferred Tax in a GroupChapter 5: The Consolidation ProcessChapter 6: Investments in AssociatesChapter 7: Investments in Joint VenturesChapter 8: Acquisition and Disposal of InterestsChapter 9: Consolidated Cash Flow StatementChapter 10: Foreign Currency Issues Chapter 11: Group ReconstructionChapter 12: Auditing Group