Financial Reporting for Business and Practice 2004

Spicer and Pegler's Book-keeping and Accounts


  • Paul Gee, Paul Gee is Technical Director at Solomon Hare Chartered Accountants Bristol, UK. He is an experienced consultant in the area of financial reporting. Paul lectures to the corporate market and small practitioners and therefore knows his audience , and the market, very well.

Spicer and Pegler’s 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 title centres on the needs of corporate financial professionals, smaller practitioners or students looking for a convenient and practical reporting handbook. This book contains worked examples and illustrations from published accounts of small and medium-sized enterprises, giving a clear insight into the most recent developments. The new edition includes an update on IAS developments, and deals with the Accounting Standard Board’s programme for converging UK GAAP with IAS. Whilst listed companies are required to adopt IAS in 2005, many UK companies will continue to adopt UK GAAP for some years. This edition provides a detailed update on UK GAAP. The chapter on revenue recognition has been updated to cover recent developments such as Application Note G to FRS 5.
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Accountants in Practice


Book information

  • Published: August 2004
  • ISBN: 978-0-406-97662-8

Table of Contents

A - Financial Reporting Framework1. Executive summary 2003/20042. The UK regulatory framework3. Convergence with International Accounting Standards4. Statements of principles and accounting policies5. Revenue recognition6. Financial performance statements (FRS 3)7. Reporting the substance of transactionsB – Balance Sheet and Performance Statement Areas8. Tangible fixed assets9. Intangible fixed assets10. Current Assets11. Accounting for liabilities and provisions – basic considerations12. Hire purchase and leasing13. Shareholders’ funds – basic considerations14. Financial instruments15. Taxation, including deferred tax16. Retirement benefits17. Share-based paymentC – Key Disclosure Areas18. Directors’ remuneration and share disclosures19. Related party transactions, contingencies, commitments and post balance sheet events.D – Small Companies and Partnerships20. Accounting for small and medium-sized companies21. Partnership accounts22. Limited liability partnershipsE – Group Accounts23. Consolidated accounts basics24. FRS 2 – Accounting for subsidiary undertakings25. Acquisitions accounting – fair values, acquisitions and disposals26. Consolidated accounts – merger accounting27. Accounting for fixed asset investments, including associates and joint ventures28. Accounting for overseas operationsF – Listed Company Reporting29. UK Listing Authority requirements30. Other reporting issues for listed companies31. Financial Reporting Review PanelG – Analysis of Accounts32. Analysis of accounts – 1: Interpretation of accounts 33. Analysis of accounts – 2: Earnings per share34. Analysis of accounts – 3: Cash flow statements35. Analysis of accounts – 4: segmental reporting