A CA in .. Brussels

Article Abstract:

KPMG Peat Marwick partner Steve Shaw has worked in Brussels since qualifying as a chartered accountant in 1980, and this gives him a perspective on the single European market of 1992 and on UK accountants working in continental Europe. Shaw believes that many individuals and organizations are making mistakes by being too hasty in preparing for the single market because of a lack of understanding. Cultural differences extend into business, as continental accountants see themselves as businesspeople first and as professionals second, necessitating a balance between ethics and ambition. Everything is negotiated in Belgium, including fees, and negotiating skills are a key skill for professionals doing business in Europe. Shaw cautions that the process of networking, or inside tracking, is important in Belgium because a large amount of business is conducted through contacts.

Accounting, auditing, & bookkeeping, Management, Belgium, Single European market, KPMG Peat Marwick L.L.P., Shaw, Steve

---

Financial reporting by UK charities: the state of the art

Article Abstract:

There are over 165,000 charities in England and Wales registered with the Charities Commission, and charities operated under a loose regulatory framework as regards accounting until May 1988, when SORP 2, 'Accounting by Charities', was issued. In addition, the Scottish Office in Oct 1989 issued 'Charities in Scotland: a Framework for Supervision', concerning the monitoring and control of charities. A survey of the 24 charities with the largest voluntary income was conducted to investigate the effect of SORP 2 on five key areas of accounting disclosures and policies: accounting for tangible fixed assets, investments, voluntary income, classification of expenditure, and subsidiary trading companies. The survey results indicate that there was great diversity in the substance and format of the charities' annual reports.

Analysis, Charities, United Kingdom. Charity Commission

---

Similar abstracts:

• Abstracts: Reallocating income can minimize tax for self-employeds. Financial reporting of income taxes is altered by a new FASB statement
• Abstracts: Accounting issues arising from the proposed introduction of the euro. IAS 29: Financial reporting in hyperinflationary economies
• Abstracts: Are market pioneers intrinsically stronger than later entrants?
• Abstracts: Capital adequacy. Accounting for charities
• Abstracts: New sanctions aimed at noncompliant tax-exempt groups. Limitations period shorter because taxpayer made adequate disclosure

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.