UK Financial reporting 2012 pack comprises the following 5 volumes. Key updates are listed below:
Manual of accounting: IFRS for the UK 2012
• Guidance on IASB amendments to IFRS 1 on hyperinflation and fixed dates; to IAS 12 on deferred tax and to IAS 1 on other comprehensive income (OCI)
• Conceptual Framework 2010
• Annual Improvements 2010
• IFRIC agenda decisions
• New extracts from accounts and examples
• New chapters on the new standards published in 2011, including those on consolidated financial statements, joint arrangements, fair value measurement and employee benefits
Manual of accounting: UK GAAP 2012
• UITF 47 (Abstract 17) ‘Extinguishing financial liabilities with equity instruments’
• Improvements to FRSs
• ICAEW Tech 02/10 guidance on how to determine realised profits and losses under the Companies Act 2006
• Updated guidance on the transfer of a business under UK GAAP
• Updated extracts and examples
UK illustrative financial statements for 2011 year ends
• Includes an appendix providing illustrative financial statements relating to IFRS 9 and first-time adoption.
• Also includes appendices on:
- Agricultural assets
- IFRSs 10 and 11
- IFRS 13 and
- Current and forthcoming requirements
Manual of accounting: Financial instruments 2012
• IFRS 9 - including aspects on liabilities issued in November 2010
• Consequential amendments of IFRS 9
• IASB amendment to IFRS 7, ‘Financial instruments: Presentation’, on derecognition
• Annual improvements 2010
• IFRIC agenda decisions
• New extracts from accounts and examples
Manual of accounting: Narrative reporting 2012
• New chapters on business review and corporate governance
• Many more illustrations and examples