Similarities and Differences: A Comparison of Current UK GAAP New UK GAAP FRS 102 and IFRS - Softcover

Pwc

Softcover

ISBN 10: 1780438311 ISBN 13: 9781780438313

Publisher: Bloomsbury Professional, 1690

Synopsis

This publication provides a high level overview of the significant differences between current UK GAAP, new UK GAAP (FRS 102) and EU-adopted IFRS. It focuses on a selection of those differences most commonly found in practice. When applying the individual accounting frameworks, companies should consult all of the relevant accounting standards and, where applicable, national law. This summary takes into account authoritative pronouncements issued under UK GAAP and IFRS published up to March 2014. The executive summary aims to demonstrate how converting to new UK GAAP or IFRS has implications far beyond an entity's financial reporting function; to highlight some of the key differences between current UK GAAP and new UK GAAP and IFRS; and to encourage early consideration of the most appropriate framework to adopt going forward for your entity. The second section provides a summary of the similarities and differences between the three frameworks and refers to subsequent sections where key divergences are highlighted.

About this title

About the Author

PWC is one of the leading accountancy practices in the world and authors of the acclaimed Manual of Accounting series.

Edition details

• Publisher: Bloomsbury Professional
• Publication date: 1690
• ISBN 10: 1780438311
• ISBN 13: 9781780438313
• Binding: Paperback
• Language: English
• Edition number: 2