Steve publishes his seventh book!

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founders15Leavitt Walmsley Associates’ Technical Director and acclaimed author, Steve Collings, published his seventh title on 11 February 2014.

Co-authored, and published by Bloomsbury Professional, the book entitled Financial Reporting for Unlisted Companies in the UK and Republic of Ireland deals with the biggest overhaul of accounting rules in the last 40 years.

Recently awarded the accolade of Outstanding Contribution to the Accountancy Profession at the Association of International Accountants (AIA) annual Founders Lecture & Awards 2013, Steve Collings, Technical Director at Sale based accountancy practice Leavitt Walmsley Associates Ltd (LWA), has gone from strength to strength with his book writing.

Financial Reporting for Unlisted Companies in the UK and Republic of Ireland is aimed at practitioners with small to medium sized businesses as their client base, as well as for accountants in industry and commerce, offering guidance through new accounts rules introduced by the Financial Reporting Council in 2013. Whilst many of these businesses (which make up a large part of LWA’s client base) will be preparing their financial statements under the current accounting rules known as ‘Generally Accepted Accounting Practice’ (GAAP), these will be withdrawn when the new  UK GAAP takes effect on 1 January 2015.

The book focuses on explaining the key areas of change with clear guidance on how the new standards should be implemented covering the topics of Financial Statements; Accounting for Assets; Accounting for Liabilities; Accounting for Revenue and Equity; Consolidations; Financial Instruments; Disclosures. Supported by extensive examples, sample policy wordings and the use of sample disclosures in each chapter, the title is unique in that it focuses specifically on the areas of financial reporting that companies will most likely need to implement.

Readers will benefit from Steve’s vast experience not only in the application of the rules as part of the high standards of service to LWA’s clients, but in training senior practitioners in the field all over the country. This latest title by Collings has also been co-authored by Paul Gee, who as well as writing, lectures extensively on financial reporting issues throughout the UK and Scotland, an extra-curricular activity also shared by Steve Collings. This is the first title Collings has had published by well renowned Bloomsbury, and it will be the first of four titles that Steve publishes in 2014.

Steve comments “The changes to UK accountancy are the biggest in its history and LWA are already well-prepared to make sure our clients’ transition over to the new standards will be as smooth as possible.” He concludes “I’ve thoroughly enjoyed working alongside Paul Gee and Bloomsbury to get this title written and released. I truly believe it will prove to be an extremely useful guide for accountants in practices as well as SME in-house accounts departments.”

To purchase the book click on this link to take you directly to the publisher’s website.


Category: Accounting and standards, Audit, Books

About the Author ()

Steve Collings is the audit and technical director at Leavitt Walmsley Associates Ltd and the author of 'Interpretation and Application of International Standards on Auditing'. He is also the author of 'IFRS For Dummies' and 'The AccountingWEB Guide to IFRS'. More about Steve's publications can be found by clicking on the 'Published Work' tab on the homepage. Steve is also a regular contributor of articles to, the UK's largest resource for professional accountants on a free subscription basis and is a member of the Society of Authors. Steve is an Editorial Board member for Wiley Insight IFRS and sits on the AAT's Financial Reporting Technical Panel. In 2011 Steve was named 'Accounting Technician of the Year' at the British Accountancy Awards and won 'Outstanding Contribution to the Accountancy Profession' by the Association of International Accountants in 2013. Follow Steve on Twitter - @stecollings

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