Publisher's Synopsis
PwC's Manual of Accounting - IFRS for the UK provides comprehensive guidance in the IFRSs issued by the International Accounting Standards Board (IASB) and the accounting requirements of UK law applicable to UK users of IFRS, as well as the other elements that make up IFRS for the UK.
The manual is packed full of clear and practical advice for UK groups and companies on preparing their financial statements in accordance with IFRS. It includes many practical worked examples and extracts from company reports that help to illustrate the explanations and show how even the most complex calculations and disclosures should be made.
Written by PwC's UK Accounting Consulting Services team of specialists, the manual will be of particular interest to finance directors, chief accountants and others concerned in preparing and using UK Company financial statements under IFRS. Analysts, academics and overseas readers will find it invaluable as a comprehensive description of IFRS for the UK.
Key updates from previous edition include:
New chapters on:
New standards published in 2011, including those on consolidated financial statements, joint arrangements, separate financial statements, associates and joint ventures, fair value measurement and employee benefits.
Updated 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 and examples
