Publisher's Synopsis
This text discusses all aspects of GAAP: the theoretical background of each topic, the development of each SSAP, detailed practical analysis and interpretation of the requirements of each SSAP, comparison with FASB and IASC requirements, discussion of related Companies Act and Stock Exchange requirements, the practical problem areas - with recommended practice where there are no laid down rules, frequent use of numerical examples to illustrate practical issues, extensive use of extracts from published annual reports of major UK companies to illustrate current reporting practice, user-friendly form of presentation with paragraph headings, cross-referencing and comprehensive footnotes for easy reference.
