Accounting Principles for Non-Executive Directors (Law Practitioner Series) - Hardcover

Holgate, Peter; Buckley, Elizabeth

Hardcover

ISBN 10: 0521509785 ISBN 13: 9780521509787

Publisher: Cambridge University Press, 2009

Synopsis

Good quality non-executive directors are essential to good corporate governance. They bring a wealth of experience to the boardroom, and together with their fellow board members they are responsible for the company's annual report and accounts. However, very few are trained accountants. This volume explains the key elements of a listed company's annual report and accounts. Part I explains the difference between profit and cash flows, the accounting profession, the international harmonisation of accounting rules, the origins of the rules governing the preparation of accounts, the regulation of financial reporting and the overarching principles behind accounting rules. Part II discusses issues relevant to listed companies: mergers and acquisitions; earnings per share; realised and distributable profits; financial instruments; and other key topics. An appendix sets out 50 questions, linked to the chapters, which non-executive directors might like to ask at meetings of the board and audit committee.

About this title

About the Authors

Peter Holgate is senior accounting technical partner with PricewaterhouseCoopers LLP. As such, he heads the largest accounting consulting team in the UK. A member of the ASB's Urgent Issues Task Force, he is also chairman of the Institute of Chartered Accountants in England and Wales' Centre for Business Performance management board and a member of the advisory board of the ICAEW's Financial Reporting Faculty.

Elizabeth Buckley is a consultant to PricewaterhouseCoopers LLP. She has worked in the accounting technical departments of two of the 'Big 4' accounting firms, and at the ICAEW. She is a member of the Institute of Chartered Accountants of Scotland and of the Joint Institutes' working party on distributable profits.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2009
• Language: English
• ISBN 10: 0521509785
• ISBN 13: 9780521509787
• Binding: Hardcover
• Edition number: 1
• Number of pages: 276