Manual of Accounting - Interim and Preliminary Reporting for the UK 2016 - Softcover

PwC

Softcover

ISBN 10: 1784517259 ISBN 13: 9781784517250

Publisher: Bloomsbury Professional, 2016

Synopsis

Manual of accounting - Interim and preliminary reporting for the UK 2016 contains PwC's comprehensive guidance on preparing preliminary statements and interim financial reports under IAS 34, 'Interim financial reporting', and the Disclosure and Transparency Rules (DTR) issued by the Financial Conduct Authority. It includes a detailed commentary on the requirements of IAS 34 and the DTR together with an illustrative set of condensed interim financial statements, including additional guidance in 'commentary' boxes on how to present this information. Also included is a checklist of the minimum disclosures required by IAS 34 and the DTR. CONTENTS: 01 Interim reports; Introduction; UK Listing Authority requirements Disclosure and Transparency Rules; Introduction; Application of the rules and exemptions; Form and content; Auditor involvement; Objective and scope of IAS 34; Frequency of reporting; Publication timescale; The reporting entity; Impact on annual financial statements; 02 Basis of preparation of interim financial reports; The use of estimates; Seasonality of revenue or costs; Accounting policies; Changes in accounting policy and prior year adjustments; Standards and interpretations not endorsed by the EU; Materiality; 03 Content of interim financial reports; Explanatory notes; Related party transactions; Segment reporting; Financial instruments disclosure; Management commentary; Going concern; Non-GAAP information; Periods to be presented and comparatives; 04 Practical applications; Planned but irregular expenditure; Major planned periodic maintenance or overhaul; Employee costs; Year end bonuses; Pensions; Defined contribution scheme; Defined benefit scheme; Holidays and other short-term paid absence; Share-based payment; Taxation; Tax credits; Tax charge in respect of prior year; Change in estimated or actual effective tax rate; Tax year differs from accounting year; Intra-period losses; Inter-period loss carry-backs or carry-forwards; Recognition and de-recognition of deferred tax assets; Taxation impact of share options; PwC Manual of accounting Interim and preliminary reporting for the UK 2016; Effect of acquired subsidiary on tax charge in interims; Associates and joint arrangements; Foreign currency; Earnings per share; Intangible assets; Depreciation and amortisation; Impairment; Inventories; Provisions and contingencies; Contingent lease payments; Contractual or anticipated purchase price variations; Levies; Financial services fees Management and performance fees; Financial instruments; Use of estimates; Revaluations; Inter-company reconciliations; Classification of current and non-current assets and liabilities; Changes in the group structure; Acquisitions; Non-current assets held for sale and discontinued operations; Restructurings; Hyperinflation; First-time adoption of IFRS; 05 Other matters; Companies Act 2006 and other regulatory requirements; Non-statutory accounts; Interim management statements; Publication of information; 06 Preliminary announcements; UK Listing Authority requirements; Form and content of preliminary announcements; Distribution; Publication timescale; Reliability; Accounting policies and prior year adjustments; Content; Management commentary; Final interim period; Income statement/statement of comprehensive income; Statement of comprehensive income; Balance sheet; Statement of cash flows; Comparative figures; Other disclosures; Companies Act requirements; 07 Interim financial reporting UK GAAP FRS 104; Introduction.; Scope; Significant differences between FRS 104 and IAS 34; Interaction of FRS 104 and Disclosure and Transparency Rules; Effective date.

About this title

About the Author

PwC is one of the leading accountancy practices in the world and authors of the acclaimed Manual of Accounting series.

Edition details

• Publisher: Bloomsbury Professional
• Publication date: 2016
• ISBN 10: 1784517259
• ISBN 13: 9781784517250
• Binding: Paperback
• Language: English
• Number of pages: 136