This title provides accountants and auditors with easy to follow
and well structured guidance on the preparation of group accounts
in line with UK GAAP. Group accounts must be prepared, by law, for
medium-sized and large groups. Listed companies are required to
prepare their accounts in line with International Financial
Reporting Standards but larger unlisted companies can prepare their
statements using UK GAAP. Groups are very common in the UK and are
likely to become even more common when corporation tax rates
increase in the future as there are various tax advantages to
operating under a group structure. Group structures can vary (e.g.
horizontal, vertical, hybrid, D-shaped|) and preparing financial
accurate financial statements can be complex as a result. While
there is a lot of guidance on producing accounts under IFRS, there
is every little in evidence dealing with the UK GAAP rules. This
title addresses this gap. The commentary identifies the differences
between IFRS and UK GAAP in the treatment of group accounts. The
differences between accounts produced pre and post Brexit are also
covered. All commentary is supported throughout by the inclusion of
worked practical examples based on the authors experience dealing
with clients and running training courses.
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