Interpretation and Application of UK GAAP (eBook)

Get up to date on the latest UK GAAP, with practical application
guidance

Interpretation and Application of UK GAAP is a
comprehensive, practical guide to applying UK GAAP at all levels,
for accounting periods commencing on or after January 1, 2015. This
book examines all of the core principles for every business, from
subsidiaries of major listed companies right down to the very
small, owner-managed business. Each chapter includes a list of
relevant disclosure requirements to facilitate understanding, and
real-world examples bring theory to life to provide guidance toward
everyday application. Readers gain practical insight into the
preparation of accounts under the EU-adopted IFRS, FRSs 100, 101,
and 102, the FRSSE, and the Companies Act 2006, with expert
guidance as to which requirements apply in which situations, and to
which companies, and the type of disclosure each scenario requires.
The book also includes detailed analysis of the planned changes to
the Small Companies' Regime which are scheduled to take effect in
2016.

With sweeping changes coming into effect from January
1st 2015, financial statement preparers must have a
sound appreciation of how the new UK GAAP works. This book provides
a complete guide, with the latest regulations and straightforward
advice 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 each
topic

* Get up to date on the latest area-specific practices

With new accounting practices in many broad areas including
investment property, inventory valuations, deferred tax, fixed
assets, and more, auditors and accountants need an awareness of how
the new financial reporting regime will affect them.
Interpretation and Application of UK GAAP is the most
comprehensive reference, with the latest information and practical
guidance.