Jun

New book published: Group Accounts under UK GAAP

Posted by Steve Collings

My latest book, Group Accounts under UK GAAP was published on 8 June 2022 by Bloomsbury Professional. I wrote this book to help aid practitioners and preparers of consolidated financial statements under FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland in preparing technically compliant group accounts.

The requirement for a parent to prepare group accounts is contained in Section 399, Companies Act 2006. UK legislation was changed on 1 January 2021 following Britain’s departure from the European Union. Group Accounts under UK GAAP reflects the latest version of company law and FRS 102.

Going ‘back to basics’ in key areas, this title aims to explain why certain things are done when group accounts are being prepared. Preparing group accounts can be a complex exercise – especially if the group is diverse or there are overseas subsidiaries and hence a sound understanding of the mechanics of preparing group accounts is crucial.

Regulators and professional bodies are keen to ensure that financial statements are prepared in accordance with technical standards, legislation and (where applicable) relevant guidance. This title aims to bring all this together in one book.

Chapter 1	Introduction
Chapter 2	Overview of Consolidated Financial Statements and UK GAAP
Chapter 3	Group Accounts: Introduction
Chapter 4	Fair Values and Deferred Tax in a Group
Chapter 5	The Consolidation Process
Chapter 6	Investments in Associates
Chapter 7	Investments in Joint Ventures
Chapter 8	Acquisitions and Disposals of Interests
Chapter 9	Consolidated Cash Flow Statement
Chapter 10	Foreign Currency Issues
Chapter 11	Group Reconstructions
Chapter 12	Auditing Groups

Free extracts

The publisher has made available some free extracts from the book from Chapter 1 Introduction and from Chapter 4 Fair Values and Deferred Tax in a Group. There are also some short videos that I recorded with the publisher relevant to this title that can be watched free of charge.

Comments and feedback

As with all my books, I would appreciate comments and feedback (via the publisher) for future editions.

Category: Books

About the Author (Author Profile)

Steve Collings FCCA is a director at Leavitt Walmsley Associates Ltd and the author of over 30 books on the subjects of financial reporting and auditing, including 'IFRS For Dummies' and 'Financial Accounting For Dummies'. 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 for www.accountingweb.co.uk, the UK's largest resource for professional accountants on a free subscription basis. Steve is trained in both UK and Ireland accounting standards and International Financial Reporting Standards and has lectured overseas on these subjects in the Caribbean and Singapore. Steve works closely with various professional bodies developing technical material, including Technical Factsheets and online courses. He has also served on the UK GAAP Technical Advisory Group at the Financial Reporting Council and works with the country's leading publishers in producing material on the subjects of accounting and auditing (both UK and International). 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. Follow Steve on X (Twitter) - @stecollings