Financial Reporting: The theoretical and regulatory framework

Front Matter....Pages i-xv
Front Matter....Pages 1-1
Accounting theory, or Accounting can be interesting....Pages 3-8
Some basic ideas....Pages 9-21
Income concepts — a more formal consideration....Pages 22-63
The objectives of financial statements and their usefulness to the general user groups....Pages 64-74
Traditional accounting conventions....Pages 75-84
The recognition of revenue....Pages 85-92
Towards a general framework?....Pages 93-118
A critical review of the theoretical framework....Pages 119-121
Some possible extensions to the accounting framework....Pages 122-147
Back Matter....Pages 148-149
Front Matter....Pages 151-151
Limited liability....Pages 153-158
Sanctity of capital....Pages 159-163
Divisible profits....Pages 164-174
The Companies Act 1985 and published accounts....Pages 175-191
Accounts of non-company organizations....Pages 192-197
Stock Exchange requirements....Pages 198-199
Back Matter....Pages 200-200
Front Matter....Pages 201-201
The accounting standard-setting process....Pages 203-209
Disclosure of accounting policies (SSAP 2)....Pages 210-216
The determination of earnings per share (SSAPs 3, 6, 8 and 5)....Pages 217-242
Accounting for post balance sheet events (SSAP 17) and for contingencies (SSAP 18)....Pages 243-252
Stocks and work in progress (SSAP 9)....Pages 253-275
Back Matter....Pages 461-461
Front Matter....Pages 201-201
Fixed assets....Pages 276-306
Accounting for research and development (SSAP 13)....Pages 307-315
Substance over form....Pages 316-328
Accounting for goodwill (SSAP 22)....Pages 329-343
Accounting for leases and hire purchase contracts (SSAP 21)....Pages 344-361
Deferred tax (SSAP 15)....Pages 362-382
Group accounts and associated companies (SSAPs 1, 14 and 23)....Pages 383-422
Foreign currency translation (SSAP 20)....Pages 423-442
Pension costs (SSAP 24)....Pages 443-456
Financial reporting — where next?....Pages 457-460
Back Matter....Pages 461-461
Back Matter....Pages 462-464