Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Group Accounts under UK GAAP

Group Accounts under UK GAAP

Collings, Steve

Paperback

Accounting

ISBN10: 1526521482
ISBN13: 9781526521484
Publisher: Bloomsbury Publishing PLC
Published: Aug 3 2022
Pages: 296
Weight: 0.91
Height: 0.62 Width: 6.14 Depth: 9.21
Language: English

This title provides accountants and auditors with easy to follow and well structured guidance on the preparation of group accounts in line with UK GAAP. Group accounts must be prepared, by law, for medium-sized and large groups. Listed companies are required to prepare their accounts in line with International Financial Reporting Standards but larger unlisted companies can prepare their statements using UK GAAP.

Groups are very common in the UK and are likely to become even more common when corporation tax rates increase in the future as there are various tax advantages to operating under a group structure.

Group structures can vary (e.g. horizontal, vertical, hybrid, D-shaped) and preparing financial accurate financial statements can be complex as a result. While there is a lot of guidance on producing accounts under IFRS, there is every little in evidence dealing with the UK GAAP rules. This title addresses this gap.

The commentary identifies the differences between IFRS and UK GAAP in the treatment of group accounts. The differences between accounts produced pre and post Brexit are also covered.

All commentary is supported throughout by the inclusion of worked practical examples based on the authors experience dealing with clients and running training courses.

This title is included in Bloomsbury Professional's Financial Reporting for Smaller Companies online service.

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