Manual Of Accounting Kpmg
Are you concerned that poorly drafted policies and omissions from your accounting policy manuals might result in errors and inconsistent application of accounting requirements? Do your accounting policy choices present the group results in the most appropriate way to investors and analysts? Do you need support in preparing financial statements that are fully compliant with all disclosure requirements?
We can help you ensure that your accounting policy manual reflects all the latest accounting requirements and is presented in a user friendly way. We can review your financial statements to ensure compliance with disclosure requirements and to highlight accounting policy choices that might present results in a more appropriate way to investors. Your issues. How can you be sure that the group accounting policy manual reflects current accounting requirements?. Are you concerned that poorly drafted policies and omissions from the manual will result in errors and inconsistent application of accounting requirements?. How can you be sure that your accounting policy choices present the group results in the most appropriate way to investors and analysts?. Are you fully compliant with all disclosure requirements in your financial statements?
Examples of how we can help For your accounting policy manual we can:. Confirm the technical accuracy of the manual;. Update policies to reflect accounting developments;. Benchmark policies against industry norms;. Add further explanatory text as appropriate, including diagrammatic illustrations / tables;. Expand the manual to cover all areas that are relevant to the group;. Add future development sections where relevant;.
Highlight accounting policy choices and the implications of each option;. Reformat the manual for ease of reference.
For your statutory accounts we can:. Prepare statutory financial statements;. Perform pre-issuance compliance reviews of financial statements or specific notes;. Provide support in drafting specific disclosures;.
Benchmark against industry peers.
PwC’s ‘Manual of accounting – UK GAAP, 3rd edition’ provides comprehensive guidance on the accounting regime that applies in the UK following the issue of:. FRS 100, ‘Application of financial reporting requirements’;. FRS 101, ‘Reduced disclosure framework – Disclosure exemptions from EU-adopted IFRS for qualifying entities’;. FRS 102, ‘The financial reporting standard applicable in the UK and Republic of Ireland’;.
FRS 103, 'Insurance contracts’;. FRS 104, 'Interim financial reporting’; and the accounting requirements of the Companies Act 2006 that together make up the new UK GAAP. The Manual offers a clear explanation of the new UK reporting requirements and it will help you to implement the new requirements and deal with day-to-day issues as well as difficult issues under the new regulations. In addition to providing reliable up-to date guidance on the new UK GAAP, the Companies Act and relevant statutory instruments, it includes practical worked examples to help illustrate the explanations. This third edition has been updated for changes in company law and amended standards (FRS 101 and FRS 102) as a result of the EU Accounting Directive (effective 1 January 2016). It has also been updated for practical experience in implementing the new standards. Written by PwC’s UK Accounting Consulting Services team of specialists, the Manual will be of particular interest to finance directors, chief accountants and others concerned with preparing and using UK GAAP and reduced disclosure company financial statements.
Manual Of Accounting Kpmg Llp
You may also find the publication ' of interest.