Subjects:

Company Law

This annual guide has been written and revised to help you put the latest Standards into day-to-day practice; it will also prove a useful reference to forthcoming changes and developments.

Applying GAAP 2008-09 covers all Accounting Standards and Exposure Drafts issued by the Accounting Standards Board at 30 April 2008, together with practical guidance for all those who produce, audit or use company accounts.

This year’s edition has been fully updated to include:

• Proposed amendments on share-based payments
• Additional narrative reporting guidance for UK companies
• Amendment to FRS 3 ‘Reporting Financial Performance’
• Interpretation of ASB’s Statement of Principles for Public Benefit Entities
• Proposed amendments to Financial Instruments: Exposures Qualifying for Hedge Accounting
• Statement on ‘Half-Yearly Financial Reports’
• Financial Reporting Exposure Draft 41 ‘Related Party Disclosures’
• Updated with the relevant provisions of the Companies Act 2006