Preparing FRS 102 Company Accounts 2018-19

For many years, the Preparing Company Accounts series has guided the accountant in practice and business on the preparation and presentation of statutory accounts.

This book is an essential guide to have available when preparing or auditing accounts under FRS 102. Practice under FRS 102 is still evolving and emerging. With further complications due to a mix of Companies Act requirements and FRS 102 rules, the book helps to clarify how to prepare accounts under the latest version of FRS 102, focusing on large and medium-sized companies.

This edition addresses the changes to FRS 102 arising from the Financial Reporting Council's triennial review of the standard, which take effect from 1 January 2019 but may be adopted early.

Preparing FRS 102 Company Accounts covers issues such as:-

• the financial reporting framework and its interaction with the Companies Act requirements;
• the format of accounts under FRS 102, including the exemptions available to qualifying entities;
• the structure of FRS 102;
• pervasive accounting concepts and principles;
• disclosure requirements, identifying those that are mandatory or encouraged for small companies and qualifying entities;
• the Strategic Report and Directors' Report;
• and accounts filing including electronic filing and iXBRL.

The book also contains the following useful tools and guides:-

• illustrative model accounts, examples and disclosure checklists;
• simple and clearly interpreted companies' legislation;
• and relevant statutory provisions reproduced in full for reference.