RSSArchive for May, 2012

May

31

The FRS in the UK & Ireland: how will it affect our accounts?

The FRS in the UK & Ireland: how will it affect our accounts?

In January 2012, the Accounting Standards Board (ASB) issued revised exposure drafts 46, 47 and 48 outlining their intention to replace all current FRSs/SSAPs and UITF Abstracts with a new Financial Reporting Standard applicable in the UK and Republic of Ireland which is scheduled to take effect for accounting periods commencing on or after 1 […]

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May

16

Interpretation and Application of International Standards on Auditing

Interpretation and Application of International Standards on Auditing

Purchase this Book Written by Steven Collings, winner of Accounting Technician of the Year at the British Accountancy Awards 2011, this book deals with the significant changes auditing has undergone in recent years, due in large part to well–publicised corporate disasters such as Enron and Parmalat, which have shaken the profession. In response, many countries have replaced […]

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May

16

The Accounting Web Guide to IFRS

The Accounting Web Guide to IFRS

Purchase the 100-page PDF eBook “International Financial Reporting Standards (IFRS) are fast becoming a global feature with more countries switching from domestic standards to international. Most of the IFRS are complex and technical. This e-book available from www.accountingweb.co.uk aims to summarise the core technical aspects of the IFRSs in an easy to understand format. Most […]

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May

10

IFRS For Dummies

IFRS For Dummies

Steve Collings, audit and technical partner at Leavitt Walmsley Associates Limited answers questions on his latest book IFRS For Dummies which published on 30 March 2012 (UK) and in May 2012 overseas. Q. What is IFRS For Dummies all about? A. Essentially the title sums the entire book up perfectly – it’s all about International […]

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May

10

Grant Accounting

Grant Accounting

A Guide to Grant Accounting Many companies receive grants for all sorts of different things, for example when a company wants to expand and set up in a deprived area, the company may receive a grant from the government to entice it to create employment opportunities.  This article will consider the accounting for government grants […]

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May

10

Debt Versus Equity

Debt Versus Equity

Introduction The choice between debt v equity financing is one of the most important decisions managers who need capital to finance their business will have to make.  In short, both offer a number of advantages and disadvantages and it is crucial to make sure you opt for the one that is best suited to your […]

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May

10

Audit in the Headlines (again)

Audit in the Headlines (again)

So, once again, the audit profession has hit the headlines and, once again, for the wrong reasons!  The issue of audit quality has been an ongoing debate for several years and moreso in the last couple of years given the financial crisis and the fact that the auditors of banks have come under severe criticism […]

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