A Practical Guide to UK and Irish GAAP (2nd Edition)

Available: In stock

This guide by Robert Kirk and Stephen McNamee is for all those concerned with the preparation, audit and use of financial statements of non-listed companies and who wish to gain an in-depth understanding of the practical issues involved in the FRS 102.

ISBN:  978-1-910374-46-7
Published:  05/06/2020
Format:  Paperback, 576 pages
Price: -   


Product type:  
Financial reporting
Who is this for:  Practitioners
Edition:  2nd
Copyright date:  --
Weight:   0.816 kg
Dimension:  156 mm X 246 mm

The 1st edition of this guide provided an in-depth understanding of the issues involved in the implementation of  FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. In this 2nd edition, the FRS 102 is considered in light of the major changes to FRS 102 as a result of the review completed in March 2018 and implemented for accounting periods commencing 1 January 2019.

In addition, new legislation has since reduced the mandatory disclosure requirements for 'small entities', and for 'micro-entities' has simplified their recognition, measurement and disclosure requirements. As a result, Section 1A was inserted into FRS 102 to provide for the small entities regime, while a separate standard, FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime , was issued. This editon incorporates these developments by identifying the the reporting requirements for small and micro-entities, ennabling preparers and users to understand the differences between the different reporting frameworks.

This is a guide to all aspects of FRS 102, providing an in-depth understanding of its practical issues as well as detailed examples of its application. Illustrative examples are given throughout the book, offering clear guidance on the practical application of the standard. This is further enhanced by the inclusion of extracts from the financial statements of real companies, listed and unlisted, in Ireland and the UK, and the accounting treatment they have adopted in line with FRS 102.

For further information contact publishing@charteredaccountants.ie or telephone on (+353) 01 637 7204

The Authors

Robert Kirk is Emeritus Professor of Financial Reporting in Ulster University. A Fellow of Chartered Accountants Ireland, he has published a number of books on accounting standards and has lectured extensively on IFRS for some of the largest PLCs and public sector entities, as well as for professional accounting bodies in the UK and Ireland. He has also taught courses in the US, South Africa, Cyprus, Bahrain, Zambia and Ghana. He has lectured for Chartered Accountants Ireland on its Diploma in IFRS and Certificate in UK and Irish GAAP as well as on its professional education programmes.

Stephen McNamee is a Lecturer in Accounting in Ulster University and Course Director for the Postgraduate Diploma in Accounting. A Fellow of Chartered Accountants Ireland, he lectures for the Institute on financial reporting. He has also worked with the education programmes of CPA Ireland and the Chartered Institute of Managament Accountants. Prior to joing Ulster University, Stephen had a varied professional career working for Baker Tilly Mooney, AIB and PwC.