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Topic: UK GAAP

Ads by Google Related Topics US GAAP UK GAAP      Smith & Nephew - IFRS Restatement 2004 - First Time Adoption of International Financial Reporting Standards Under UK GAAP, share option costs are not expensed and the costs of share awards are charged against profits over the vesting period based on their intrinsic value. Under UK GAAP deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. For UK GAAP the Group accounts for its defined benefit pension plans and post retirement healthcare plans under SSAP 24, whereby the costs are charged to operating profit so as to spread the expense of providing future pensions to employees over the remaining average service lives of current employees in the scheme. http://www.smith-nephew.com/investors/IFRS2004/rep-9.html   (2246 words)      ACCOUNT ANALYSIS UK GAAP dictates that the cost of providing pensions be charged to income on a systematic basis, with pension surpluses and deficits amortized over the expected average remaining service lives of current employees. Also, UK standards are close to IAS standards such as deferred tax treatment. Both US GAAP and UK GAAP are very similiar to IAS 21 with regard to the effect of changes in foreign currency rates. http://members.aol.com/rhetta100/home3.html   (732 words)      HM Revenue & Customs: Budget 2004: REV BN 25: Tax and accounting (IAS and UK GAAP) REV BN 25: Tax and accounting (IAS and UK GAAP) UK GAAP is also used to determine the profits in some other areas, especially loan relationships (debt and securities), derivative contracts and intangibles outside the trading context. UK tax law requires the use of accounts drawn up under recognised accounting principles as the starting point for tax returns of trading profits. http://www.hmrc.gov.uk/budget2004/revbn25.htm   (606 words)      Bowthorpe plc Report and Accounts 1999: Supplementary Financial Information for US Investors Under UK GAAP, provision is made for the cost of retirement benefits payable by the Group's significant defined benefit pension schemes as assessed by external professional actuaries and is charged to the profit and loss account so as to spread the cost over the period during which the employer derives benefit from the employees' services. Under UK GAAP, deferred taxation is provided at expected future rates of tax using the liability method on timing difference where, in the opinion of the Directors, liabilities or assets will crystallise in the foreseeable future. Under UK GAAP, these costs are capitalised as part of goodwill and amortised. http://www.spirent.com/investors/AR99/15_USinvest.html   (907 words)      UK generally accepted accounting principles - Wikipedia, the free encyclopedia The principal legislation governing reporting in the UK is laid down in the Companies Act 1985 and the Companies Act 1989 (together often referred to as the Companies Act). The Generally Accepted Accounting Principles in the UK, or UK GAAP, are the overall body of regulation establishing how company accounts must be prepared in the United Kingdom. From 2005, this framework is likely to change as a result of the European Commission requiring that all listed European companies report under International Accounting Standards instead of their existing accounting policies. http://www.wikipedia.org/wiki/UK_GAAP   (444 words)      PRESS RELEASE Prudential Plc 2005 Interim Results - Part 2 Under UK GAAP, acquisition expenses are deferred with amortisation on a basis commensurate with the anticipated emergence of margins under the contract. Goodwill Under UK GAAP, with effect from 1 January 1998, goodwill arising from acquisitions was reflected as an asset on the balance sheet and amortised through the consolidated profit and loss account on a straight line basis over its estimated useful life, not exceeding 20 years. The changes from UK GAAP to the basis applied from 1 January 2005 arising from these valuation requirements are concentrated on the accounting for the investments and derivatives of JNL. http://www.marketwire.com/mw/release_html_b1?release_id=91794   (5652 words)      UK - Financial Reporting UK GAAP does not require capitalization of interest cost hence, to comform to US GAAP it must be added back to UK profit and depreciation of capitalized interest deducted. Thus, in calculating profits in accordance with US GAAP amortization of goodwill is deducted from the income statement of BST and the unamortised portion increases shareholders equity to reflect US GAAP which treats the remainder as a reduction in the asset on the balance sheet. They note that UK GAAP allows dividends to be recognised in the financial statements when it is recommended by the Board whereas in the US, it is recognised as a liability only when it is declared by the Board. http://www.albany.edu/acc/AccountDptmt/Research/Commonwealth/UK/acc5.html   (544 words)      BT Report 2001 Under UK GAAP, the cost of providing incremental pension benefits in respect of workforce reductions is taken into account when determining current and future pension costs, unless the most recent actuarial valuation, combined with the provision for pension costs in the group balance sheet, under UK actuarial conventions shows a deficit. Under UK GAAP, investments are held on the balance sheet at historical cost, and own shares held in trust for share schemes are recorded in fixed asset investments. Under UK GAAP, assets contributed to a joint venture by the group’s partners are measured at their net replacement cost. http://www.btplc.com/report/con_fin_stat/us_gaap   (2545 words)      Convergence of UK GAAP to IAS: group accounting You are in Home > Publications > student accountant > Convergence of UK GAAP to IAS: group accounting A further development in the UK relating to the financial performance reporting of a business, again contained in FRED 22, is the amalgamation of the profit and loss account and the statement of total recognised gains and losses (STRGL) into a single statement. FRS 8, ‘Related Party Disclosures’ and the UK Companies Act require extensive disclosure of details of such transactions, as does IAS 24, ‘Related Party Disclosures’. http://www.acca.org.uk/publications/studentaccountant/771822   (2552 words)      Appendices Under UK GAAP the cost of stock options is only recognised in net income to the extent the options were granted at a value beneath the market value on the date of grant. Under UK GAAP, final Ordinary dividends are provided for in the fiscal year in respect of which they are recommended by the Board of Directors for approval by the shareholders. Under US GAAP, debit and equity securities are required to be adjusted to reflect the underlying market values, with the change in respect of temporary differences in value being reflected in reserves and other than temporary differences in the profit and loss account. http://www.investis.com/carlton/annual2002/appendices.htm   (622 words)      Grant Thornton - Mind the UK GAAP The tax liability for any business is based on their accounts and the UK tax law currently states that accounts must be drawn using the UK GAAP rules. The tax legislation is to be amended to accommodate accounts that are prepared using either IAS or UK GAAP, ensuring broadly similar treatment regardless of the method adopted. Our advice to businesses that are considering adopting IAS is to start looking at your accounting policies and seek advice to ensure that you can assess the impact on your tax liability. http://www.grant-thornton.org.uk/client240/grantthorntoncontent.nsf/953eca11cdb97f17802569ac005bbd01/c731766ac414a7bc80256e5a00804294?OpenDocument   (441 words)      Vodafone Group Plc :: Vodafone Group Plc IFRS Results For The Year Ended 31 March 2005 UK GAAP requires consolidation of entities controlled by the Group and the equity method of accounting for entities in which the Group has significant influence but not a controlling interest. Under UK GAAP, the Group expected that for the One Vodafone companies, in the 2008 financial year, the aggregate of mobile operating expenses and capitalised fixed asset additions would be 11.7bn Pounds, broadly similar to those for the 2004 financial year, assuming no significant changes in exchange rates and after adjusting for acquisitions and disposals. Proportionate presentation is not a measure recognised under UK GAAP or IFRS and is not intended to replace the consolidated financial statements prepared in accordance with UK GAAP or IFRS. http://sev.prnewswire.com/telecommunications/20050712/NYTU09812072005-1.html   (3244 words)      United States versus United Kingdom Financial Statements UK companies' (Form 20-F) returns submitted to Securities and Exchange Commission (SEC) were reviewed for major differences that materially affected financial statements noted in reconciliation or restatement of foreign financial statements according to US GAAP. The reports (Form 20-F) have been professionally prepared by UK companies listing their securities in US markets and have been audited by renowned Certified Public Accountants (CPAs) with a great deal of experience and expertise in the field. The study is helpful in evaluating the financial statements of UK companies and comparing them with US financial statements. http://www.aabss.org/journal2003/Chawla.htm   (327 words)      SENS Archive The UK Private Equity division`s performance was negatively affected by declining equity portfolio values and a lack of viable exit opportunities. In the broad based CAPS survey for UK balanced pension funds, Investec Asset Management was placed in the top decile out of a field of 85 competitors for the twelve-month period to 30 September 2002. The Private Banking division in the UK developed a private client investment banking service which focuses on clients whose wealth is inextricably linked to their businesses. http://www.profile.co.za/sens.asp?id=42330   (4605 words)      BRITISH ENERGY PLC - BGYEF Report of Foreign Issuer (6-K) Item 3. Other Information These changes from UK GAAP to IFRS will include changes to our accounting treatment of financial instruments whereby, upon implementation of IAS39, certain financial instruments are expected to be required to be measured on a fair value basis; recognition of pension scheme net asset values in the balance sheet; and treatment of share-based compensation. Under UK GAAP, the cost of providing pension benefits is expensed over the average expected service lives of eligible employees in accordance with the provisions of Statement of Standard Accounting Practice (SSAP) 24 - 'Accounting for Pension Costs', which aims to produce an estimate of cost based on long-term actuarial assumptions. The deficit on equity shareholders' funds under US GAAP at September 30, 2004 was 1,956m compared with the deficit on equity shareholders' funds under UK GAAP of 3,521m. http://sec.edgar-online.com/2004/12/10/0001193125-04-210716/section13.asp   (928 words)      ICI - Investor Relations - Results and Investor Presentations - Q3 and Nine Months 2004 - Reconciliation Between US and ... Under US GAAP, net income for the first nine months ended 30 September 2004 was £130m (2003: net expense of £167m) compared with a net profit of £148m (2003: net profit of £39m) under UK GAAP. Note 41 to the 2003 Annual Report and Accounts describes the significant differences between UK GAAP and US GAAP affecting the ICI Group’s net income and shareholders’ equity. These differences primarily result from the differing accounting treatment of purchase accounting adjustments, disposal accounting, pensions, deferred tax, derivative instruments and hedging activities and restructuring costs. http://www.ici.com/ICIPLC/ici-ir/results/reconciliation_3q04.htm   (230 words)      Company Reporting on GAAP reconciliations - 29 Jun 2001 Under US GAAP, the company is required to show £1.57bn of goodwill and intangible assets on its balance sheet which do not appear in the UK version. Although there is no UK requirement to provide this information in their UK annual reports, many companies provide the GAAP information voluntarily, or some companies, by preparing combined annual reports and 20-Fs, include the US GAAP disclosures as a matter of course. As if this wasn't enough GAAP disclosure, ARM includes a reconciliation of its UK GAAP results to US GAAP and includes reconciliations of operating profit, profit before tax, retained profit to net income, shareholders' equity and cash and cash equivalents. http://www.accountingweb.co.uk/cgi-bin/item.cgi?id=51446   (2785 words)      Accounting principles Generally Accepted Accounting Principles (GAAP) for governments are uniformminimum standards and guidelines for financial accounting and reporting as... Generally accepted accounting principles (GAAP) are the accounting rules used toprepare financial statements for publicly traded companies and many private... Among the basic principles of governmental GAAP is fund accounting. http://www.bluetoothbest.com/accounting+principles.html   (692 words)      Reconcilliation to US accounting principles As the combination of Glaxo Wellcome and SmithKline Beecham is accounted for as a merger under UK GAAP, the financial statements of GlaxoSmithKline under UK GAAP represent the combined financial statements of Glaxo Wellcome and SmithKline Beecham on a historical basis for all periods presented. A summary of the purchase accounting adjustments and of other US GAAP adjustments is provided in the reconciliations of profit attributable to shareholders and of equity shareholders’ funds from UK to US GAAP. Under US GAAP, this business combination did not qualify for pooling of interests accounting and Glaxo Wellcome was determined to be the accounting acquirer in a purchase acquisition dated 27th December 2000. http://www.gsk.com/financial/reports/ar/report/notes_to_finstat/recon_us_acc_princ/recon_us_acc_princ.html   (1810 words)      Accounting: UK GAAP: general background This section looks at the accounting framework governing the financial statements of banks when they are prepared in accordance with UK GAAP. http://www.hmrc.gov.uk/manuals/bamanual/BAM21005.htm   (22 words)      Amazon.co.uk: Books: UK GAAP If you need a comprehensive book covering UK accounting practice, current standards (including how they were developed), suggestions for improving the standards and, at the end of each topic, immensely useful comparisons to IAS and US GAAP then this is the book for you. UK job recruitment - search over 5,000 finance and accounting jobs from over 400 UK recruiters. Comprehensive and easy-to-use accounts software for business use. http://www.amazon.co.uk/exec/obidos/ASIN/0754503887   (382 words)      UK gaap websites UK UK GAAP - Finance & Accounting Jobs - Search over 5,000+ finance and accounting jobs from over 400 UK recruiters. The divestitures at Winterthur in the UK and in Italy, as well as the deterioration of the marketreduction in this goodwill, which was recognized in the 2003 US GAAP income statement. International Accounting Standards - Similarities and Differences - IAS, US GAAP and UK GAAP - and Differences - IAS, US GAAP and UKGAAP Together with many othersSimilarities and Differences IAS, US GAAP and UKGAAP. http://www.splut.co.uk/sub/u/uk-gaap.html   (912 words)      Global Crossing Reports GCUK's Second Quarter Results The UK network is linked into the wider Global Crossing network that connects more than 300 cities and 30 countries worldwide, and delivers services to more than 500 major cities, 50 countries and 6 continents around the globe. UK GAAP - Reconciliation of UK GAAP EBITDA to Profit (Loss) for the Period During the financial close process for the second quarter of 2005, GCUK identified a 2.8 million pound overstatement of depreciation expense in its UK GAAP financial statements for the three months ended March 31, 2005. http://www.tmcnet.com/usubmit/2005/sep/1181498.htm   (2541 words)      Global-Investor Bookshop : UK GAAP - Generally Accepted Accounting Principles in the United Kingdom by Mike Davies Written by a team of experts from the Technical Services Department of Ernst and Young, one of the UK's leading firms of chartered accountants, UK GAAP provides a practical analysis and interpretation of all accounting standard, the related requirements of the Companies Act 1985 and the Stock Exchange. 'UK GAAP is more than a textbook of accounting standards and practice. In order to demonstrate theses changes and their impact as clearly as possible, this edition again places great emphasis on real life examples from company accounts, including over 600 new and updated extracts from the accounts of over 200 major companies. http://books.global-investor.com/books/10707.htm?ginPtrCode=00000&identifier=   (439 words)      Accounting: UK GAAP: SORP on derivatives: valuation and income recognition Derivatives classified as non-trading transactions should be measured on an accruals basis equivalent to that used for the underlying asset, liability, position or cash flow. Derivatives held as trading transactions should be measured at their fair value on the balance sheet date. BAM21150 - Accounting: UK GAAP: SORP on derivatives: valuation and income recognition http://www.inlandrevenue.gov.uk/manuals/bamanual/BAM21150.htm   (204 words)      Similarities & Differences - A comparison of IFRS and US GAAP In particular this publication is not intended as a study of all aspects of accounting practice under the GAAP and Regulations it addresses, nor as a substitute for reading the local accounting standards and other official pronouncements dealing with specific issues. There are many differences of detail which exist between IFRS and US GAAP, and readers should consult all the relevant standards currently in force when dealing with a specific accounting issue. It takes into account all pronouncements issued under IFRS and US GAAP up to June 2004. http://www.pwcglobal.com/extweb/pwcpublications.nsf/docid/74d6c09e0a4ee610802569a1003354c8   (251 words)      International NewsLine: E&Y Publishes Comparisons of UK GAAP, US GAAP and IAS U.S./UK GAAP Comparison summarizes the background to financial reporting in the UK and the U.S., contains side-by-side comparisons of the standards' requirements, analyses the results of the EandY survey of UK/U.S. GAAP reconciliations of UK Securities and Exchange Commission registrant companies, and outlines the main effects of the differences between the two sets of standards. A further volume from EandY, comparing IAS and UK GAAP, is due out at the end of the month. The final chapter looks at those differences between IAS and U.S. GAAP that often cause the problems for CFOs reconciling an IAS statement with U.S. principles. http://www.accountingnet.com/x28728.xml   (392 words)      Amazon.co.uk: Books: UK and International GAAP UK & International GAAP is the only text that deals with the underlying concepts on which Financial Reporting rests. This new Seventh edition of UK & International GAAP is an essential investment for practitioners and students wishing to keep fully up to date with accounting standards and practice. Also new for this edition is a section in each chapter contrasting the UK position with the equivalent International Accounting Standard and US Standard. http://www.amazon.co.uk/exec/obidos/ASIN/0406945527   (547 words)      Accounting: UK GAAP: UK accounting standards relevant to banks BAM21025 - Accounting: UK GAAP: UK accounting standards relevant to banks Accounting: UK GAAP: UK accounting standards relevant to banks UK accounting guidance currently in force takes the form of standards and abstracts: http://www.inlandrevenue.gov.uk/manuals/bamanual/BAM21025.htm   (159 words)      Amazon.co.uk: Books: Gaap Implementation Guide The most practical, authoritative guide to implementing GAAP Until now, accountants have had no guidance for what controls, policies, procedures, forms, reports, or archiving requirements they should use to properly mesh with the latest GAAP. With our company audits, accounts, VAT returns, taxation help and payroll services, Zaidi and Co. can satisfy all your business requirements and guide your business for future success. This essential guide offers clear advice on how accountants can convert a set of GAAP rules into an operational implementation, including related policies and procedures, controls, forms, and record keeping requirements. http://www.amazon.co.uk/exec/obidos/ASIN/0471455695   (388 words)      Manual of Accounting - UK GAAP 2005 PricewaterhouseCoopers' Manual of Accounting provides a single source of expert interpretation and practical guidance on the UK accounting standards issued by the Accounting Standards Board (ASB) and the accounting requirements of UK law, as well as the other elements that make up UK GAAP. Manual of Accounting - IFRS for the UK There are over 400 practical worked examples, hundreds of extracts from company reports and model financial statements for both large and small companies, which help to illustrate the explanations and show exactly how even the most complex calculations and disclosures should be made. http://www.pwcglobal.com/extweb/pwcpublications.nsf/docid/AC4D6CD28233CF2E80256E2F00378A69   (363 words)      UK Uk Gaap - Best Sites Reviewed Search over 5,000+ finance and accounting jobs from over 400 UK recruiters. AccountancyAgeJobs.com has thousands of finance and accounting jobs including GAAP accountancy jobs. Buy and Sell in the UK on eBay.co.uk http://www.limesearch.co.uk/u/k/uk_gaap   (273 words)      Lloyd's Adopts U.K. GAAP in Move to Annual Accounting By adopting the U.K. standards Lloyd's definitively abandons its three-year accounting system and moves to annual accounting for its statutory reporting for both syndicates and the Lloyd's global accounts. Lloyd's bulletin explained the change as follows: "Under the annual basis of accounting, the result is determined at the end of the financial year reflecting the profit or loss of providing insurance cover during that year, i.e. Lloyd's has been considering the adoption of annual accounting and the U.K. standards since September 2002, when its members voted to adopt a set of reforms outlined by the Chairman's Strategy Group, which included such a proposal. http://www.insurancejournal.com/news/newswire/international/2003/11/20/34312.htm   (546 words)      Converting UK GAAP To IAS CPD Training London UK This half day course looks at the key areas of difference between UK accounting policies and those in International Accounting Standards and considers the practical issues that companies will have to deal with during the conversion process. Converting UK GAAP To IAS CPD Training London UK Return to pass home page To book on this course please complete the form below, and an invoice will be sent to you for payment. http://www.pass.co.uk/cpe/accountancy_courses/UK-GAAP.htm   (160 words)      Insight - The fine print - Financial Director As companies switch from UK GAAP accounts to IFRS, they must make sure that the new series of numbers don't unwittingly trigger a breach of agreed bank and borrowing covenants. Existing loan documentation may allow covenants to be calculated on the basis of frozen GAAP provisions. Assessing the impact of international financial reporting standards on financial covenants has not been top of the 'to do' list for most finance directors in the countdown to the switchover. http://www.financialdirector.co.uk/features/1140080   (1205 words)      Ernst & Young - Audit & Assurance - Financial Reporting And even where the impact on distributable profits is not so marked, the lack of exemptions in IFRS for subsidiaries as regards cash flow statements, statements of changes in equity and financial instruments disclosures, makes IFRS much more onerous to apply at the subsidiary level than UK GAAP. It includes all international financial reporting standards and all international accounting standards, together with a full set of specimen financial statements. The group is headed by Allister Wilson, and is responsible for the firm's market-leading publications on accounting practice: International GAAP http://www.ey.com/global/content.nsf/UK/Financial_Reporting   (740 words)      Change in US GAAP Accounting for Intangible Assets - No Impact on Vodafone's Results Under UK GAAP For US GAAP reporting, Vodafone and certain other telecom and media companies have historically used the residual method to assign values to licences in business combinations and, since the adoption of FASB Statement No. 142 Goodwill and Other Intangibles Assets (Statement 142), in impairment testing of indefinite lived intangible assets. Historically, under US GAAP, Vodafone has assigned to mobile licences the residual purchase price in business combinations in excess of the fair values of all assets and liabilities other than mobile licences and goodwill. The new guidance requires a direct method of valuation where assets are valued separately and without reference to other assets or liabilities. http://www.tmcnet.com/usubmit/2004/oct/1078744.htm   (869 words)      Audit - US GAAP, IFRS, UK GAAP, The Sarbanes-Oxley Act - Deloitte & Touche CIS We complete audits in accordance with the Russian and International Accounting Standards (US GAAP, IFRS, UK GAAP and others) and ensure compliance with the fast-evolving regulatory requirements. In a rapidly changing economic environment our methods help enable our clients to meet the growing demand for enhanced disclosure and accountability, and improve corporate governance. Deloitte Audit goes beyond testing transactions and balances to providing insights that help you better understand your business. http://www.deloitte.com/dtt/section_node/0,1042,sid=7714,00.html   (542 words)      Comparison of IFRS/IAS with UK GAAP An ideal seminar for preparers of financial statements in UK listed companies who must comply with the EU requirement to adopt IFRS/IAS by 1 January 2005, it focuses on the most important changes in disclosure requirements under the new rules in areas such as employment benefits, deferred taxation and financial instruments. Identify the most important differences between IAS and UK GAAP This invaluable one-day seminar covers the most important differences between IFRS/IAS and the Standards of the UK Accounting Standards Board (ASB). http://www.conferencesandtraining.com/iaseminars/seriestwo/comparison_of_ifrs_ias.htm   (869 words)      AccountingWeb.co.uk - Expert Guides - FinancialReporting Converging UK GAAP with IAS - July 2004 update 14-Jul-04 - This Solomon Hare technical digest presents a progress report on the Accounting Standards Board's moves to migrate UK GAAP towards International Accounting & Financial Reporting Standards (IAS/IRFRS). Advisers face higher tax bills under FRS 5 http://www.accountingweb.co.uk/expert_guides/financial_reporting.html   (865 words)      GlaxoSmithKline Annual Report 2001 - Selected financial data UK/US GAAP Accordingly this information is provided as a supplement to that contained in the consolidated statement of profit and loss on pages 68 and 69 prepared in accordance with UK GAAP. Business performance, which is the primary performance measure used by management, is presented after excluding merger items, restructuring costs, disposal of subsidiaries and in 1999 and earlier years exclude the divested Healthcare Services business. GlaxoSmithKline Annual Report 2001 - Selected financial data UK/US GAAP http://www.gsk.com/financial/reports/ar2001/annual-report-01/gskrep36.html   (197 words)      GAAPweb - UK Finance & Accounting Jobs Search the latest available Finance and Accountancy jobs from over 400 financial recruiters. Welcome to the UK's leading financial jobs site http://www.gaapweb.com   (86 words)      Liberty Intnl end-2004 adj NAV rises to 1,025p under IFRS vs 1,017 GAAP - UPDATE - Forbes.com This compares with a NAV of 1,017 pence under the UK Generally Accepted Accounting Practices (GAAP), reported on Feb 9 this year. It said the main effect of IFRS on its income statement is that any market value adjustments or estimates that are directly related to underlying cash flow are included. The property company said operating profits before exceptionals for 2004 totalled 601.5 mln stg under IFRS, compared with 245.2 mln under UK GAAP. http://www.forbes.com/home/feeds/afx/2005/07/26/afx2156772.html   (533 words)      DTCC: EMCC Receives Approval to Accept IAS and UK GAAP Financial Statements Kanaga said enabling prospective members to submit applications prepared in accordance with IAS or U.K. GAAP removes a potential disincentive to firms seeking EMCC membership. EMCC Receives Approval to Accept IAS and UK GAAP Financial Statements DTCC: EMCC Receives Approval to Accept IAS and UK GAAP Financial Statements http://www.dtcc.com/Publications/dtcc/oct02/ias_ukgaap.html   (99 words)      Hexapedia - Accounting scandals of 2002 These scandals have reignited the debate over the relative merits of US GAAP, with its rules-based approach to accounting, and International Accounting Standards and UK GAAP, which favour a principles-based approach. The Financial Accounting Standards Board has announced it intends to introduce more principles-based standards. In July, 2002, WorldCom filed for bankruptcy protection, in the largest corporate insolvency ever. http://www.hexafind.com/encyclopedia/Accounting_scandals_of_2002   (412 words)      UK/US GAAP Comparison UK/US GAAP Comparison is a comprehensive financial reporting handbook which compares and contrasts the requirements of UK and US GAAP (Generally Accepted Accounting Practice). Now in its fifth edition, the book has been fully updated to take account of the latest changes in these fast-moving regimes. Analysts who wish to compare the performance of UK and US companies http://www.lexisnexis.co.uk/marketing/campaigns/accountancy_microsite/uk_us_gaap.htm   (114 words)      IASeminars - Specialists in IFRS and US GAAP training for over 10 years When registering online, you can choose to pay immediately with a credit card, or else to pay later against invoice. Find a course by browsing through our IFRS / IAS and US GAAP course categories. IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors http://www.iaseminars.com   (213 words)      EconPapers: Capsule commentaries: IAS/UK GAAP Comparison: A Comparison Between IAS and UK Accounting Principles by the ... Capsule commentaries: IAS/UK GAAP Comparison: A Comparison Between IAS and UK Accounting Principles by the Financial Reporting Group of Ernst Young, International Accounting Standards Committee/Ernst & Young, London, 2001, xxix + 793 pp EconPapers: Capsule commentaries: IAS/UK GAAP Comparison: A Comparison Between IAS and UK Accounting Principles by the Financial Reporting Group of Ernst Young, International Accounting Standards Committee/Ernst & Young, London, 2001, xxix + 793 pp This item may be available elsewhere in EconPapers: Search for items with the same title. http://netec.wustl.edu/WoPEc/data/Articles/eeeaccounv:36:y:2001:i:3:p:375-376.html   (143 words)      Management Accounting (UK): UK GAAP, 4th ed. (book reviews) Macmillan, 49.95 [pounds] In 30 chapters, UK GAAP (which stands for `Generally Accepted Accounting Practice in the UK') provides a comprehensive review of all significant aspects of financial reporting in the UK. FindArticles > Business and Finance > Management Accounting (UK) > December, 1994 > Article The new edition has been completely updated to cover all the key new standards of the ASB (including FRS6 and FRS7) and to address the most important areas of discussion and development within financial reporting over the past two years. http://calbears.findarticles.com/p/articles/mi_hb3264/is_199412/ai_n7965464   (266 words)      Athens protected resources that are not Shibboleth to Athens gateway compliant Ernst & Young's definitive commentary on UK GAAP and IAS, plus illustrative accounts and source materials. Key Note Ltd is a long-established market research publisher providing business information to corporate and academic customers throughout the UK. Narrative, case law, UK and EC materials and a topical news service. http://www.athensams.net/nongatewayresources.php   (1809 words)

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