Financial Reporting for Business and Practice 2004: Spicer and Peglers Book-keeping and Accounts

Financial Reporting for Business and Practice 2004 is the definitive text on financial accounting. First published over ninety years ago as Spicer and Pegler’s Book-Keeping and Accounts, this updated edition contains worked examples and illustrations from published accounts of small and medium-sized enterprises, giving a clear insight into the most recent developments.

This book includes an update on IAS developments, including the Accounting Standard Board’s programme for converging UK GAAP with IAS. The chapter on revenue recognition has been updated to cover recent developments such as Application Note G to FRS 5. Other chapters deal with the UK regulatory framework; statements of principles and accounting policies; revenue recognition; reporting the substance of transactions; tangible and intangible fixed assets; accounting for liabilities and provisions; hire purchase and leasing; shareholders’ funds; financial instruments; taxation, including deferred tax; retirement benefits; share-based payment; directors’ remuneration and share disclosures; accounting for small and medium-sized companies; limited liability partnerships; accounting for overseas operations; and reporting issues for listed companies.

This text is ideal for corporate financial professionals, smaller practitioners or students looking for a convenient and practical reporting handbook.

A - Financial Reporting Framework 1. Executive summary 2003/2004 2. The UK regulatory framework 3. Convergence with International Accounting Standards 4. Statements of principles and accounting policies 5. Revenue recognition 6. Financial performance statements (FRS 3) 7. Reporting the substance of transactions

B – Balance Sheet and Performance Statement Areas 8. Tangible fixed assets 9. Intangible fixed assets 10. Current Assets 11. Accounting for liabilities and provisions – basic considerations 12. Hire purchase and leasing 13. Shareholders’ funds – basic considerations 14. Financial instruments 15. Taxation, including deferred tax 16. Retirement benefits 17. Share-based payment

C – Key Disclosure Areas 18. Directors’ remuneration and share disclosures 19. Related party transactions, contingencies, commitments and post balance sheet events.

D – Small Companies and Partnerships 20. Accounting for small and medium-sized companies 21. Partnership accounts 22. Limited liability partnerships

E – Group Accounts 23. Consolidated accounts basics 24. FRS 2 – Accounting for subsidiary undertakings 25. Acquisitions accounting – fair values, acquisitions and disposals 26. Consolidated accounts – merger accounting 27. Accounting for fixed asset investments, including associates and joint ventures 28. Accounting for overseas operations

F – Listed Company Reporting 29. UK Listing Authority requirements 30. Other reporting issues for listed companies 31. Financial Reporting Review Panel

G – Analysis of Accounts 32. Analysis of accounts – 1: Interpretation of accounts 33. Analysis of accounts – 2: Earnings per share 34. Analysis of accounts – 3: Cash flow statements 35. Analysis of accounts – 4: segmental reporting