PwC Manual of Accounting: UK GAAP 2012/13 Pack

This pack provides a single source of expert interpretation and practical guidance on UK accounting standards issued by the Accounting Standards Board (ASB) and the accounting requirements of UK law when reporting under UK GAAP.

This pack comprises the following 4 volumes.

Key coverage and updates are listed below.

Manual of accounting: UK GAAP 2012

• UITF47 (Abstract 17) ‘Extinguishing financial liabilities with equity instruments’
• Improvements to FRSs
• ICAEW Tech 02/10 guidance on how to determine realised profits and losses under the Companies Act 2006
• Guidance on the transfer of business under UK GAAP
• Extracts and examples
• This volume has not been updated for 2013 and are the same as the edition that appeared in the Manual of accounting UK GAAP 2012 Pack published in December 2011

Manual of accounting: Financial instruments 2012

• IFRS 9 – including aspects on liabilities issued in November 2010
• Consequential amendments of IFRS 9
• IASB amendment to IFRS 7, ‘Financial instruments: Presentation’ on derecognition
• Annual improvements 2010
• IFRIC agenda decisions
• Extracts from accounts and examples
• This volume has not been updated for 2013 and are the same as the edition that appeared in the Manual of accounting UK GAAP 2012 Pack published in December 2011

Manual of accounting: Narrative reporting 2013

• Updates to the chapter on the directors’ report, including reference to the FRC report ‘An update for directors of listed companies: Responding to increased country and currency risk in financial reports’
• Updates to the chapter on corporate governance to cover: • A significant reform of the framework for directors’ remuneration from October 2013
• • Proposed changes to the UK Corporate Governance Code, the FRC Guidance on Audit Committees and a number of Auditing Standards for reporting periods beginning on or after 1 October 2012
  • Final report of the Sharman inquiry
  • European Commission activities including the Green Papers and the audit reform proposals.
• New extracts and examples

UK illustrative financial statements for 2012 year ends

This publication provides three example sets of accounts for the year ended 31 December 2012. The latest update includes the following:

• IFRS GAAP Plc – new standards, amendments and interpretations that take effect from periods starting on or after 1 January 2012.
• GAAP UK Group Limited – new PwC commentary on disclosures of audit fees.
• UK GAAP Limited – factors affecting current and future tax charges.