PwC Manual of Accounting New UK GAAP Pack

This pack provides comprehensive advice on the new accounting regime that applies in the UK following the issue of FRS 100, FRS 101 and FRS 102. 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 pack includes a high level overview of the significant differences between current UK GAAP, new UK GAAP (FRS 102) and EU-adopted IFRS.

This pack comprises the following 2 volumes.

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’.
• FRS 102, ‘The financial reporting standard applicable in the UK and Republic of Ireland’.
• Up-to date guidance on the new UK GAAP, the Companies Act and relevant statutory instruments.
• Practical worked examples to help illustrate the explanations.

Similarities and differences – A comparison of current UK GAAP, new UK GAAP (FRS 102) and IFRS

• Provides a summary of the similarities and differences between current UK GAAP, new UK GAAP (FRS 102) and EU-adopted IFRS.
• Focuses on a selection of those differences most commonly found in practice.
• Takes into account authoritative pronouncements issued under UK GAAP and IFRS published up to March 2013.
• Demonstrates how converting to new UK GAAP or IFRS has implications far beyond an entity’s financial reporting function.