A Practical Guide to UK Accounting and Auditing Standards
Unlike any other content in the market, this book aims to be a practical one-stop-shop which takes the theory contained in the accounting and auditing standards and shows how to put it into practice with the help of examples, case studies and real-life excerpts from financial statements.
Its aim is not only to inform practitioners what the new standards say, but to interpret the meaning, and show the impact of these differences on a balance sheet.
This product is also a useful companion to UK Financial Statements: Presentation and Disclosure Requirements (also authored by Steve Collings); whilst UK Financial Statements focuses on how disclosures should look, this content focuses on recognition, measurement and auditing. Whilst both books are practical in nature, A Practical Guide to UK Accounting and Auditing Standards is structured like a workbook with an emphasis on how credits and debits are reflected on balance sheets.