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Group Accounts under UK GAAP

Steve Collings

$260

Paperback

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English
Bloomsbury Professional
08 June 2022
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.

By:  
Imprint:   Bloomsbury Professional
Country of Publication:   United Kingdom
Dimensions:   Height: 234mm,  Width: 156mm, 
Weight:   600g
ISBN:   9781526521484
ISBN 10:   1526521482
Pages:   296
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active
Chapter 1: Introduction Chapter 2: Overview of Consolidated Financial Statements and UK GAAP Chapter 3: Group Accounts: Introduction Chapter 4: Fair Values and Deferred Tax in a Group Chapter 5: The Consolidation Process Chapter 6: Investments in Associates Chapter 7: Investments in Joint Ventures Chapter 8: Acquisition and Disposal of Interests Chapter 9: Consolidated Cash Flow Statement Chapter 10: Foreign Currency Issues Chapter 11: Group Reconstruction Chapter 12: Auditing Group

Steve Collings is Audit & Technical Partner at Leavitt Walmsley Associated Ltd (LWA). He is an acknowledged expert on UK GAAP and IFRS and has written and lectured extensively on both subjects. He is the author of several Bloomsbury Professional financial reporting titles.

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