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.


Accountants in Practice

Table of Contents

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


No. of pages:
© 2004
eBook ISBN:
Print ISBN:

About the author

Paul Gee

Affiliations and Expertise

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.