UK GAAP Financial Statement Disclosures Manual

  • 10h 33m
  • Steven Collings
  • John Wiley & Sons (UK)
  • 2016

UK GAAP Financial Statement Disclosures Manual is the practical handbook accounting professionals need to prepare audit-proof financial statements. The recent establishment of the new UK GAAP has brought significant changes to financial reporting, and this guide collects all of the latest guidelines into one place. Clear, concise and heavily geared toward practical application, this book is designed for easy navigation with stand-alone chapters and real-world examples. You'll find step-by-step guidance for the entire disclosure process, with explicit instruction on what to include, how to include it and why. Financial statements prepared from 2015/2016 in the UK and Republic of Ireland will appear significantly updated, and this manual gives you the guidance you need to understand what's required to achieve full compliance.

Insufficient or incorrect disclosures are frequently the reason why financial statements are rendered deficient. This book provides practitioners with a reference and guide for all aspects of financial statement disclosure preparation.

  • Get up to speed on the most recent UK GAAP guidelines
  • Understand the 'what' and 'why' of disclosure statements
  • Study real-world example statements for practical guidance
  • Prepare statements that stand up to auditor and regulator scrutiny

Many practitioners fall afoul of regulators' criticisms with subjective, incomplete, omitted or incorrect disclosures, resulting in sanctions being brought against the practitioner or the firm. Financial statement disclosure emphasis is on transparency at a time when changes in the profession require an entirely new method of preparation. For practitioners who need to stay ahead of the curve, UK GAAP Financial Statement Disclosures Manual is the invaluable reference to keep within arm's reach.

About the Author

STEVEN COLLINGS, FMAAT FCCA is the Audit and Technical Director at Leavitt Walmsley Associates, Ltd., a Manchester-based firm of Chartered Certified Accountants. He is a member of the Financial Reporting Council's UK GAAP Technical Advisory Group, tasked with advising the Corporate Reporting Council on all issues relating to UK accounting standards, and a prolific author and lecturer in the accounting and auditing sphere. Steve has received numerous awards for his contributions to the field.

In this Book

  • Foreword
  • The Structure of UK GAAP
  • Interaction of the Companies Act 2006
  • The Directors' Report and Strategic Report
  • The Income Statement/Statement of Comprehensive Income
  • Statement of Financial Position (Balance Sheet)
  • The Statement of Changes in Equity
  • The Statement of Cash Flows
  • The Auditor's Report
  • Accounting Policies, Estimates and Errors
  • Operating Segments
  • Directors' Remuneration Report
  • Taxation
  • Fixed Assets and Investment Property
  • Government Grants
  • Financial Investments
  • Financial Instruments
  • Leasing
  • Inventories
  • Provisions and Contingencies
  • Transactions with Directors
  • Events after the Reporting Period
  • Going Concern
  • Related Parties
  • Consolidated Financial Statements
  • Filing Financial Statements with Companies House
  • Interim Financial Reporting
  • Earnings per Share
  • Financial Statements for Micro-Entities
  • Insurance