Interpretation and Application of UK GAAP

Wiley publishes comprehensive, practical guide to UK GAAP

With sweeping changes having come into effect in UK GAAP from 1 January, it is vital that those responsible for preparing financial statements have a sound understanding of how UK GAAP works. Interpretation and Application of UK GAAP is the only comprehensive guide to applying UK GAAP at all levels for accounting periods commencing on or after 1 January 2015.  The guide gives practical insight into the preparation of accounts under EU-adopted IFRS, FRSs 100, 101 and 102 to the Financial Reporting Standard for Smaller Entities (FRSSE).

The guide:

• Includes practical examples and a list of disclosure requirements at the end of each chapter
• Examines all the core principles at all levels of UK GAAP from major listed company requirements, to small owner-managed business, incorporating disclosure requirements and the requirements of the Companies Act 2006.
• Sets out the key differences between current UK GAAP and the new UK GAAP which will be mandatory for accounting periods from January 1^st 2015.