PwC UK Financial Reporting 2014 Pack

This pack is an essential purchase for accountants reporting under UK GAAP and IFRS in the UK.

This pack comprises the following 6 volumes.

Key coverage and updates are listed below.

Manual of accounting – IFRS for the UK 2014 Vol. 1 and Vol. 2
Updated guidance on:

• IASB’s annual improvements 2011 effective 1 January 2013; and
• Standards, amendments and interpretations effective 1 January 2013 including IFRS 7, IAS 19 (revised), IAS 27 (revised), IAS 28 (revised), IFRS 10, 11, 12, 13 and IFRIC 20; and amendments to IAS 1, IFRS 1, 10, 11, 12.
• New chapters on investment entities and separate financial statements.
• New and updated illustrative examples.

Manual of accounting – Narrative reporting 2014
This year’s edition provides guidance for UK quoted companies on the ‘front half’ of financial statements, including many illustrations and examples.
Key updates from previous edition include:

• Updated guidance for new external guidance and legislation including
• FRC UK Corporate governance code and
• 2013 Statutory instruments regulations.
• New real-life examples from accounts.

UK illustrative financial statements for 2013 year ends
This publication provides three example sets of financial statements for the year ended 31 December 2013. The latest update includes the following:

• IFRS GAAP Plc - new standards, amendments and interpretations that take effect from periods starting on or after January 2013.
• GAAP UK Group Limited & UK GAAP Limited - strategic report requirements and related amendments to the Directors’ report for private companies and updated illustrated Auditor’s report for private companies.

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.