UK Accounting Standards - 1st Edition - ISBN: 9780750664745, 9780080521596

UK Accounting Standards

1st Edition

A Quick Reference Guide

Authors: Robert Kirk
eBook ISBN: 9780080521596
Paperback ISBN: 9780750664745
Imprint: CIMA Publishing
Published Date: 15th December 2004
Page Count: 368
Sales tax will be calculated at check-out Price includes VAT/GST

Institutional Subscription

Secure Checkout

Personal information is secured with SSL technology.

Free Shipping

Free global shipping
No minimum order.

Table of Contents

Preface: Introduction to standard setting process; The Financial Reporting Council (FRC);The Accounting Standards Board (ASB); The Financial Reporting Review Panel (FRRP); The Urgent Issues Task Force (UITF); Other Sub Committees; Authority of standards; UK standards and international standards; List of extant accounting standards and equivalent international standards; The Regulatory Framework and the Standard-setting Process: Statement of Principles (December 1999); FRS 18 Accounting Policies (December 2000); FRS 5 Reporting the Substance of Transactions (April 1994, amended December 1994 and September 1998); Asset Valuation: Accounting for Tangible Fixed Assets: FRS 15 Tangible Fixed Assets (February 1999); SSAP 19 Accounting for Investment Properties (January 1975, revised July 1994); SSAP 4 Accounting for Government Grants (April 1974, revised July 1990, amended October 1992); FRS 11 Impairment of Fixed Assets and Goodwill (July 1998); Asset Valuation: Accounting for Intangible Assets: SSAP 13 Research and Development (December 1977, revised January 1989); SSAP 21 Accounting for Leases and Hire Purchase Contracts (August 1984, amended February 1997); FRS 10 Goodwill and Intangible Assets (December 1997); Asset Valuation: Accounting for Stocks and Work in Progress: SSAP 9 Stocks and Work in Progress (May 1975, revised September 1988); Profit and Loss: Accounting for Taxation: SSAP 5 Accounting for Value Added Tax (April 1974); FRS 16 Current Tax (December 1999); FRS 19 Deferred Taxation (December 2000); Profit and Loss: Earnings per Share and Reporting Financial Performance: FRS 14 Earning per Share (October 1998); FRS 3 Reporting Financial Performance (October 1992, amended June 1993); Cash Flow Statements: FRS 1 Cash Flow Statements (1991, revised 1996 and 1997); Accounting Disclosure Standards: Post Balance Sheet Events,Provisions and Contingencies, Pensions and Segmental Reporting: SSAP 17 Accounting for Post Balance Sheet Events (August 1980); FRS 12 Provisions, Contingent Liabilities and Contingent Assets (September 1998); SSAP 24 Accounting for Pension Costs (May 1988); FRS 17 Retirement Benefits (November 2000); SSAP 25 Segmental Reporting (June 1990); Group Accounting: FRS 2 Accounting for Subsidiary Undertakings (July 1992); FRS 6 Acquisitions and Mergers (September 1994); FRS 7 Fair Values in Acquisition Accounting (September 1994); FRS 9 Associates and Joint Ventures (November 1997); Foreign Currency Translation: SSAP 20 Foreign Currency Translation (April 1983); Sundry Accounting Standards: FRS 4 Capital Instruments (December 1993); FRS 13 Derivatives and Other Financial Instruments: Disclosure (September 1998); FRS 8 Related Party Disclosures (October 1995); FRS 20 Share based payment (April 2004); Urgent Issues Task Force Abstracts.


The pace of development in financial reporting has accelerated sharply during the last few years and shows no sign of abating as the UK prepares to comply with International Accounting Standards.

This text gives accounting professionals an understanding of UK accounting standards and demonstrate how they are used in practice. It is the perfect companion for those who need to keep abreast of changes to accounting standards or who need to see how the standards are applied in practice.

Accounting Standards includes:

  • Summaries outlining the principles behind UK accounting standards
  • Examples and extracts from well-known recent company accounts

Key Features

  • Keep up to date with changes to UK accounting standards
  • Includes practical examples to illustrate how accounting standards work in practice


Accountants and finance managers; Part-qualified accountants who need to keep up to date with UK standards.


No. of pages:
© CIMA Publishing 2005
CIMA Publishing
eBook ISBN:
Paperback ISBN:

Ratings and Reviews

About the Authors

Robert Kirk Author

Robert Kirk BScn (Econ) FCA CPA qualified as a charted accountant in Belfast with Price Waterhouse & Co., and spent two years in industry and a further four years in practice. In 1980 he was appointed director of a private teaching college in Dublin where he specialised in the teaching of financial accounting subjects. He later moved into the university sector and is currently Professor of Financial Reporting in the the School of Accounting at the University of Ulster. He also presents continuing professional education courses for various institutes across the UK and Ireland.

Affiliations and Expertise

Associate Professor, University of Ulster