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Vol 22 No 12 Dec 17/Jan 18

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This book is now Out of Print.
A new edition has been published, the details can be seen here:
Manual of Accounting: UK GAAP 3rd ed isbn 9780754554400

Manual of Accounting: New UK GAAP 2nd ed

ISBN13: 9781780438054
New Edition ISBN: 9780754554400
Previous Edition ISBN: 9781780434162
Published: June 2015
Publisher: Bloomsbury Professional
Country of Publication: UK
Format: Paperback
Price: Out of print

PricewatehouseCoopers Manual of Accounting: New UK GAAP 2nd ed provides comprehensive guidance on the new accounting regime that applies in the UK following the issue of:-

  • FRS 100, 'Application of financial reporting requirements';
  • FRS 101, 'Reduced disclosure framework- Disclosure exemptions from EU-adopted IFRS for qualifying entities';
  • FRS 102, 'The financial reporting standard applicable in the UK and Republic of Ireland';
  • FRS 103,'Insurance contracts';
  • FRS 104,'Interim financial reporting';
  • Amendments to FRS 101 and FRS 102 issued in July 2014.
It includes details of the proposals to ensure consistency with the changes in law resulting from the EU Accounting Directive, in February 2015:-
  • FRED 58 - Draft FRS 105 The financial reporting standard applicable to the Micro-entities regime.
  • FRED 59 - Draft amendments to FRS 102 - Small entities and other minor amendments.
  • FRED 60 - Draft amendments to FRS 100 and FRS 101.
It also covers the accounting requirements of UK company law, as well as other elements that make up the new UK GAAP. The new standards apply from 2015.

The Manual offers a clear explanation of the new UK reporting requirements to help you implement the new requirements and deal with day-to-day issues as well as difficult issues under the new regulations gives up-to date guidance on the new UK GAAP, the Companies Act and relevant statutory instruments with practical worked examples to help illustrate the explanations.

Written by PwC's UK Accounting Consulting Services team of specialists, the Manual will be of particular interest to finance directors, chief accountants and others concerned with preparing and using UK GAAP and reduced disclosure company financial statements.

1. Scope
2. Concepts and pervasive principles
3. Financial statement presentation
4. Statement of financial position
5. Statement of comprehensive income and income statement
6. Statement of changes in equity and statement of income and retained earnings
7. Statement of cash flows
8. Notes to the financial statements
9. Consolidated and separate financial statements
10. Accounting policies, estimates and errors
11. Basic financial instruments
12. Other financial instruments issues
13. Inventories
14. Investments in associates
15. Investments in joint ventures
16. Investment property
17. Property, plant and equipment
18. Intangible assets other than goodwill
19. Business combinations and goodwill
20. Leases
21. Provisions and contingencies
22. Liabilities and equity
23. Revenue
24. Government grants
25. Borrowing costs
26. Share-based payment
27. Impairment of assets
28. Employee benefits
29. Income tax
30. Foreign currency translation
31. Hyper-inflation
32. Events after the end of the reporting period
33. Related party disclosures
34. Specialised activities
34.1 – Agriculture .
34.2 – Extractive activities
34.3 – Service concession arrangements
34.4 – Financial institutions: Disclosures
34.5 – Public benefit entities
34.6 – Heritage assets
34.7 – Funding commitments
34.8 – Insurance
35. Transition to FRS 102