U. K. Financial Reporting

"UK Financial Reporting" is an authoritative, insightful and critical guide to accounting standards and practices in the UK. A comprehensive but succinct coverage is provided of major accounting issues relating to the measurement of profit, the valuation of assets and liabilities, group accounting and the disclosure of additional information to report users. Illustrated by examples from company accounts and the latest surveys of comparative reporting practices in Europe as well as the UK in particular, a lively and informative approach is adopted throughout. The state-of-the-art of UK financial reporting is analyzed in its historical and regulatory context and related to important influences and developments in the European union, the United States and at the level of International Accounting Standards. The regulatory environment is elaborated further by a review of the UK system of business organization and company law, the financial system, the stock exchange and the auditing profession. This book is useful reading for accounting students in universities and colleges, students enrolled with the professional accounting bodies, financial analysts, and investor relations managers.