Author Description

Now in its fifth edition, UK GAAP has been thoroughly revised to reflect the many changes which have taken place in the UK financial reporting environment over the past three years. In order to demonstrate these changes and their impact as clearly as possible, this edition again places great emphasis on real life examples from company accounts, including over 600 new and updated extracts from the accounts of over 200 major companies. This edition includes new chapters on financial instruments and provisions. In view of the high degree of activity aimed at achieving international accounting harmonisation, it also devotes more space to international comparisons, with particular emphasis on US developments and the work of the IASC.