Interpretation and Application of UK GAAP For Accounting Periods Commencing On or After 1 January 2015

Get up to date on the latest UK GAAP, with practical applicationguidance Interpretation and Application of UK GAAP is acomprehensive, practical guide to applying UK GAAP at all levels,for accounting periods commencing on or after January 1, 2015. Thisbook examines all of the core principles for every business, fromsubsidiaries of major listed companies right down to the verysmall, owner-managed business. Each chapter includes a list ofrelevant disclosure requirements to facilitate understanding, andreal-world examples bring theory to life to provide guidance towardeveryday application. Readers gain practical insight into thepreparation of accounts under the EU-adopted IFRS, FRSs 100, 101,and 102, the FRSSE, and the Companies Act 2006, with expertguidance as to which requirements apply in which situations, and towhich companies, and the type of disclosure each scenario requires.The book also includes detailed analysis of the planned changes tothe Small Companies' Regime which are scheduled to take effect in2016. With sweeping changes coming into effect from January1st 2015, financial statement preparers must have asound appreciation of how the new UK GAAP works. This book providesa complete guide, with the latest regulations and straightforwardadvice on usage. Understand UK GAAP application at all levels Learn how to handle all relevant key accounting treatments Refer to complete disclosure requirement lists for eachtopic Get up to date on the latest area-specific practices With new accounting practices in many broad areas includinginvestment property, inventory valuations, deferred tax, fixedassets, and more, auditors and accountants need an awareness of howthe new financial reporting regime will affect them.Interpretation and Application of UK GAAP is the mostcomprehensive reference, with the latest information and practicalguidance.