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Accountancy and Financial Reporting iMemo 2021

A handy, current and user-friendly online guide to accurately interpreting UK GAAP and financial reporting standards... 

In a nutshell

Accountancy and Financial Reporting iMemo is a comprehensive day-to-day guide to sound financial reporting. Providing many useful examples and checklists, it makes the practical implementation of accounting regulations simpler than ever before.

In detail

Accountancy and Financial Reporting iMemo covers the following areas:

  • General accounting framework and principles
  • Profit and loss
  • Statement of Financial Position (SOFP)
  • Financial instruments
  • SOFP - other liabilities
  • Other primary statements, reports and disclosures
  • Group accounts
  • Model financial statements and disclosure checklists
  • COVID 19: impact on audit, accounting and financial reporting 

The iMemo reflects all the latest changes to UK GAAP and Financial Reporting Standards and outlines developments in the trend towards more extensive narrative reporting. With its easy navigation and jargon-free language, it will quickly guide you to the answers you're looking for.

We've created this iMemo especially for... 

Financial controllers, accountants, finance directors and managers, plus company owners that want to:

  • Obtain clear guidance on financial reporting standards and UK GAAP
  • Keep abreast of regulatory changes and best practice
  • Comply with the accounting and financial reporting rules in a cost-effective manner
  • Improve the controls underpinning their company's financial performance

The most important updates to this new edition include... 

  • FRC restructuring process and the new Regulator
  • Revised UK GAAP – including amendments to FRS 102 (FREDs 74-78)
  • Green finance and methodologies
  • Brexit (SI 2019/145/685) - accounting and financial reporting aspects
  • Coronavirus - impact on accounting, audit and financial reporting (e.g. going concern, liquidity risks)

You'll receive the following extras with your iMemo subscription... 

Email updates

  • Keep you fully up to date with the latest developments
  • Deliver important news directly in your mailbox
  • Link straight to updated Memo paragraphs

Digital newsletter

  • Includes the latest advice on tax, HR and health and safety
  • Delivered directly to your mailbox, every month

In this iMemo you'll read about...

PART 1: GENERAL ACCOUNTING FRAMEWORK AND PRINCIPLES

Accounting rules, principles and conventions

Regulatory framework and governance structure

PART 2: PROFIT AND LOSS

Statement of comprehensive income

Revenue recognition

PART 3: STATEMENT OF FINANCIAL POSITION (SOFP)

The statement of financial position: overview

Intangible assets and goodwill

Research and development

Property, plant and equipment

Impairment of fixed assets and goodwill

Investment properties

Inventories

Long-term contracts

Government grants

Borrowing costs

PART 4: FINANCIAL INSTRUMENTS

Classification of financial instruments

Basic financial instruments

Complex financial instruments

Micro-entities and financial instruments

PART 5: SOFP - Other liabilities

Provisions and contingencies

Leasing and hire purchase contracts

Share capital and reserves

PART 6: SOFP - OTHER PRIMARY STATEMENTS, REPORTS AND DISCLOSURES

Statement of cash flows

Statements of changes in equity, income and retained earnings

Directors’ report

Directors’ remuneration

Related party transactions

Events after the end of the reporting period

Auditing and auditors’ reports

Ratio analysis

PART 7: GROUP ACCOUNTS

General requirements

Form and content of group accounts

Business combinations

Disposals

Associates

Joint ventures

PART 8: MISCELLANEOUS

Foreign currency transactions

Employee benefits

Share-based payment transactions

Taxation

Presentation and filing of financial statements

Dormant companies

Not for profit organisations

PART 9: MODEL FINANCIAL STATEMENTS AND REGULATORY ARCHITECTURE

Micro-entity financial statements

FRS 102 Section 1A accounts - small companies

FRS 102 accounts (full version)

Accounting regulations and standards: lists

Transitioning to FRS 102 or FRS 105

Cash accounting

PART 10: CURRENT TOPICS IN FINANCIAL REPORTING

Brexit

Cryptocurrencies

Auditing: technological developments

Green finance

Coronavirus and financial reporting

Other topical developments

INDEX

Click on the image for a sample of the iMemo...

You can choose from the following subscription options...

Digital only

  • 24/7 access to your Memo online, featuring the full content of the book, available at
    memo-online.indicator-flm.co.uk
  • 24/7 access to your iMemo via the iMemo app, whether you're online or not, available from the App Store or from Google Play

  • Download from the App Store   Get it on Google Play

  • Email alerts to keep you fully informed on the latest accountancy and financial reporting developments
  • Monthly digital newsletter with the latest advice on tax, HR and health and safety

Take a look at our subscription offer below.

Offer
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Website
Digital newsletter

 

 

DIGITAL

Pro rata subscription

£125.00

For a subscription until May 2022
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