A Practical Guide to UK Accounting and Auditing Standards

by Steve Collings

Overview

Including UK GAAP amendments arising from the FRC's recent triennial review, this book takes the theory contained in accounting standards, auditing standards and company law and shows how to put it into practice with the help of examples, case studies and real-life excerpts from financial statements.

The aim of the book is not only to inform practitioners what the new standards say, but to interpret the meaning, analyse the differences between old and new GAAP and show the impact of these differences on the financial statements.

The book also covers:
Companies Act 2006 and related statutory instruments
FRS 102 The Financial Reporting Standard applicable in the UK and the Republic of Ireland (September 2015 and March 2018)
FRS 105 The Financial Reporting Standard applicable to the Micro-entities regime (July 2015 and March 2018)
Requirements of International Financial Reporting Standards
2016 Auditing Standards (ISA (UK) 200 – ISA (UK) 805, including June 2016 revisions and July 2017 updates)

Product Details

ISBN-13:	9781526503329
Publisher:	Bloomsbury Publishing
Publication date:	06/25/2018
Sold by:	Barnes & Noble
Format:	eBook
Pages:	784
File size:	3 MB

About the Author

Steve Collings FMAAT, FCCA is the audit and technical partner at Leavitt Walmsley Associates Ltd and a member of the UK GAAP Technical Advisory Group at the Financial Reporting Council. He regularly lectures on financial reporting and auditing issues and has written extensively for the small to medium-sized firm market. He specialises in financial reporting, auditing and Solicitors Accounts Rules.
Steve Collings FCCA is a director of Leavitt Walmsley Associates Ltd, a firm of chartered certified accountants based in Sale and Warrington, UK. He also writes for many international blogs and websites, and is the author of numerous respected guides on accounting, and he has lectured for a number of years on these subjects.

Steve contributes to a variety of external auditing and accounting platforms and is recognised globally for his technical knowledge. He has often been consulted by senior authorities to assist in technical compliance issues, including being asked to become a member of the UK GAAP technical advisory group at the Financial Reporting Council. He has been a recipient of a number of industry awards, including Professional Member of the Year at the AAT Professional Member Awards (2017).

Table of Contents

Preface
Table of Statutes, Statutory Instruments and Other Guidance
Table of Examples
Chapter 1 The Companies Act 2006 and UK Generally Accepted Accounting Practice
Chapter 2 Concepts and Pervasive Principles
Chapter 3 Presentation and Content of Financial Statements
Chapter 4 Consolidated and Separate Financial Statements
Chapter 5 Accounting Policies, Estimates and Errors
Chapter 6 Financial Instruments
Chapter 7 Inventories
Chapter 8 Investments
Chapter 9 Investment Property
Chapter 10 Property, Plant and Equipment
Chapter 11 Intangible Assets other than Goodwill
Chapter 12 Business Combinations
Chapter 13 Leases
Chapter 14 Provisions and Contingencies
Chapter 15 Liabilities and Equity
Chapter 16 Revenue
Chapter 17 Government Grants
Chapter 18 Borrowing Costs
Chapter 19 Share-based Payment
Chapter 20 Impairment of Assets
Chapter 21 Employee Benefits
Chapter 22 Taxation
Chapter 23 Foreign Currency
Chapter 24 Events after the End of the Reporting Period
Chapter 25 Related Parties
Chapter 26 Specialised Activities
Chapter 27 Financial Reporting for Micro-entities
Chapter 28 The Ethical Standard
Chapter 29 Responsibilities and Audit Planning
Chapter 30 Auditor's Response to Risk and Using the Work of Others
Chapter 31 Audit Evidence
Chapter 32 Completing the Audit and Reporting
Index