Today, 1913 is inevitably viewed through the lens of 1914: as the last year before a war that would shatter the global economic order and tear Europe apart, undermining its global pre-eminence. Our perspectives narrowed by hindsight, the world of that year is reduced to its most frivolous features-last summers in grand aristocratic…
• An Executive summary of recent developments;
• UITF Abstract 40 on Revenue recognition;
• Financial Reporting Standard for Smaller Entities (effective January 2005);
• The latest convergence developments, including summaries of comparison of UK GAAP with IFRS;
• Financial instruments (FRS 25 and 26);
• Events after the balance sheet date (FRS 21);
• A new chapter on the UK regulatory framework, including statutory Instruments issued during 2005;
• Overview of reporting requirements for listed companies.
New features within the book include:
• Frequently Asked Questions at the end of most chapters.
• Each chapter concludes with a concise summary of relevant IFRS requirements.
• References to relevant websites.
The book also includes summaries of current standards and key implementation dates.
[This book was previously known as: Spicer and Pegler: Financial Reporting for Business and Practice]
*Practical, concise reference
*Chapter "what-if" scenarios
*Fully updated to cover convergence of GAAP/IAS/IFRS