accountancy standards in Depth

This new edition of Accounting Standards in Depth seeks to examine the standards in force together with the proposed changes contained within the exposure drafts. This is followed by a selection of questions which attempt to cover most of the major problem areas that students are likely to encounter. The questions have been selected from the major accounting bodies in the United Kingdom - CIMA, ACCA, ICAEW and ICAI. The book presents an introduction to the standard-setting process. As well as looking at the development of the Accounting Standards Board it examines the conceptual framework behind the practice of financial accounting including the Statement of Principles. Further chapters include sections on the key accounting problems in the balance sheet including taxation, cash flow statements, pensions, acquisitions and developments in financial reporting. The reader will be tested on numerical application, on an understanding of the underlying theory and on presentation of financial statements under the current regulatory framework.