Accounting Principles for Tax Purposes, 4th edition

Author: Lynne Oats; Paul Tuck
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781847663801
Published In: April 2010
Format: Paperback , 384 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

New Edition is available now !

Description
Contents
Author

Details

As the overlap between tax and accounting rules continues to grow, it is increasingly important for tax practitioners to have a sound grasp of how the world of accounting works and is changing.

Recognised in the tax profession as the bible for non-accounting professionals who have to use accounts in their work, Accounting Principles for Tax Purposes, 4th edition examines the interface between accounting and tax rules and regulations and guides you through the complex maze of accounting principles.

What’s new?

Key features in this new edition include:

Newly issued accounting standards under both UK GAAP and IFRS
Legislative changes in both income tax and corporation tax that have implications for the relationship between accounting and tax profits
Review of prospective future developments including the implications of increased alignment of UK GAAP and IFRS
Commentary on new developments in the international arena
Commentary on the significant simplification of the new Companies Act 2006
New user-friendly 2 part structure
This invaluable book will provide you with the answers you need to successfully interpret accounts for tax purposes.

Part I Accounting Principles and Financial Statements: The Legal and Institutional Framework; An Accounting Overview; Financial Statements - Which Version of Accounting Standards?; Back to Basics Accounting Principles; Substance Over Form; The Presentational Standards; Post-Balance Sheet Events; Related Parties; Smaller Entities; Cash Flow Statements.

Part II Basic Accounting Issues: Revenue Recognition; Stocks and Work in Progress; Long-term Contracts; Tangible Fixed Assets; Depreciation; Acquiring Assets on Finance; Provisions and Contingencies; Pensions; Employee Share Ownership Plans; Government Grants; Accounting for Tax.

Part III Advanced Accounting Issues: Groups; Foreign Currency Translation; Goodwill and Intangible Assets; Research and Development Expenditure; Financial Instruments; Corporate Transactions - The Theory; Corporate Transactions - The Practice; Limited Liability Partnerships.

Part IV Conceptual Developments: Accounting and Tax Profit - Background and Present Position; Future Developments. Appendices.

Lynne Oats

PhD Reader in Accounting at Warwick Business School, is secretary of the UK based Tax Research Network and has been teaching and researching in taxation for over 20 years.

Paul Tuck

BSc in Economics & Accounting from the University of Bristol, is a Fellow of the Institute of Chartered Accountants in England & Wales. Paul is also a Lecturer in Accounting & Auditing at The University of Buckingham. Prior to joining the University of Buckingham Paul worked in professional accounting practice for more than 20 years.