Group Accounts under UK GAAP

Group Accounts under UK GAAP cover

Group Accounts under UK GAAP

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Description

This title provides accountants and auditors with easy to follow and well structured guidance on the preparation of group accounts in line with UK GAAP. Group accounts must be prepared, by law, for medium-sized and large groups. Listed companies are required to prepare their accounts in line with International Financial Reporting Standards but larger unlisted companies can prepare their statements using UK GAAP.

Groups are very common in the UK and are likely to become even more common when corporation tax rates increase in the future as there are various tax advantages to operating under a group structure.

Group structures can vary (e.g. horizontal, vertical, hybrid, D-shaped|) and preparing financial accurate financial statements can be complex as a result. While there is a lot of guidance on producing accounts under IFRS, there is every little in evidence dealing with the UK GAAP rules. This title addresses this gap.

The commentary identifies the differences between IFRS and UK GAAP in the treatment of group accounts. The differences between accounts produced pre and post Brexit are also covered.

All commentary is supported throughout by the inclusion of worked practical examples based on the authors experience dealing with clients and running training courses.

Table of Contents

Chapter 1: Introduction
Chapter 2: Overview of Consolidated Financial Statements and UK GAAP
Chapter 3: Group Accounts: Introduction
Chapter 4: Fair Values and Deferred Tax in a Group
Chapter 5: The Consolidation Process
Chapter 6: Investments in Associates
Chapter 7: Investments in Joint Ventures
Chapter 8: Acquisition and Disposal of Interests
Chapter 9: Consolidated Cash Flow Statement
Chapter 10: Foreign Currency Issues

Chapter 11: Group Reconstruction
Chapter 12: Auditing Group

Product details

Published 08 Jun 2022
Format Ebook (PDF)
Edition 1st
Extent 176
ISBN 9781526521507
Imprint Bloomsbury Professional
Publisher Bloomsbury Publishing

About the contributors

Author

Steve Collings

Steve Collings is Audit & Technical Partner at…

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