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UK illustrative financial statements: IFRS and UK GAAP (FRS 101) example accounts for 2016 year ends

UK illustrative financial statements: IFRS and UK GAAP (FRS 101) example accounts for 2016 y/e

Price: £42.00

This publication provides two sets of illustrative financial statements for the year ended 31 December 2016. These model accounts will assist the reader in preparing financial statements by illustrating the required disclosure and presentation for UK groups and UK companies reporting under IFRS or FRS 101, 'Reduced Disclosure Framework'. The accounts include UK company law disclosures with commentary to explain the detail behind the presentation of a number of challenging areas. The accounts comprise:

• IFRS GAAP plc
An illustrative annual report, including the consolidated financial statements of IFRS GAAP plc group of companies. The annual report has been prepared to show the disclosures and format that might be expected, for a group of its size that prepares its financial statements in accordance with IFRS, UK law and UK Listing Rules requirements, for a fictional corporate entity (IFRS GAAP plc).

• New UK GAAP Limited
An example annual report for New UK GAAP Limited. The annual report has been prepared to show the disclosures and format that might be expected for a company preparing its financial statements under FRS 101, 'Reduced Disclosure Framework' and the Companies Act. FRS 101 provides the disclosure exemptions from EU-adopted IFRS for qualifying entities.

Also available: 'Manual of accounting – UK GAAP (3rd edition)' and 'Similarities and differences: A comparison of current UK GAAP, new UK GAAP (FRS 102) and IFRS (2nd edition)'.

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