PwC Manual of Accounting: New UK GAAP 2013

Author: PricewaterhouseCoopers (PwC)
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781780434162
Published In: November 2013
Format: Paperback , 1186 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

Financial reporting is continually changing. But for UK GAAP reporters it’s changing in a big way, with a new accounting framework to consider. The obligatory adoption date for new UK GAAP is still a way off but that doesn’t mean you should put off your preparations. There will be a myriad of factors to consider; after all, adopting a new GAAP means changing more than just the numbers. Make sure that you are fully prepared for the new standards!

The decisions you make now could affect your company’s future financial position, so it’s worth taking the time to get it right.

Make sure that you are fully prepared with PwC’s expert guide – Manual of accounting – New UK GAAP.

Your expert guide to implementing the new UK GAAP requirements

PwC’s Manual of accounting – New UK GAAP provides comprehensive guidance on the new accounting regime that applies in the UK following the issue of FRS 100, ‘Application of financial reporting requirements’, FRS 101, ‘Reduced disclosure framework - Disclosure exemptions from EU-adopted IFRS for qualifying entities’ and FRS 102, ‘The financial reporting standard applicable in the UK and Republic of Ireland’. It also covers the accounting requirements of UK company law, as well as other elements that make up the new UK GAAP. The new standards apply from 2015, but early adoption is already permitted.

The Manual offers a clear explanation of the new UK reporting requirements and it will help you to implement the new requirements and deal with day-to-day issues as well as difficult issues under the new regulations. In addition to providing reliable up-to date guidance on the new UK GAAP, the Companies Act and relevant statutory instruments, it includes practical worked examples to help illustrate the explanations.

Written by PwC’s Accounting Consulting Services team of specialists, the Manual will be of particular interest to finance directors, chief accountants and others concerned with preparing and using UK GAAP and reduced disclosure company financial statements.

01 - Scope
02 - Concepts and pervasive principles
03 - Financial statement presentation
04 - Statement of financial position
05 - Statement of comprehensive income and income statement
06 - Statement of changes in equity and statement of income and retained earnings
07 - Statement of cash flows
08 - Notes to the financial statements
09 - Consolidated and separate financial statements
10 - Accounting policies, estimates and errors
11 - Basic financial instruments
12 - Other financial instruments
13 - Inventories
14 - Investments in associates
15 - Investments in joint ventures
16 - Investment property
17 - Property, plant and equipment
18 - Intangible assets other than goodwill
19 - Business combinations and goodwill
20 - Leases
21 - Provisions and contingencies
22 - Liabilities and equity
23 - Revenue
24 - Grants
25 - Borrowing costs
26 - Share-based payment
27 - Impairment of assets
28 - Employee benefits
29 - Income tax
30 - Foreign currency translation
31 - Hyperinflation
32 - Events after the end of the reporting period
33 - Related party disclosures
34 - Specialised activities
34.1 - Agriculture
34.2 - Extractive activities
34.3 - Service concession arrangements
34.4 - Financial institutions
34.5 - Public benefit entities
34.6 - Heritage assets
34.7 - Funding commitments
35 - Transition to FRS 102