Financial Reporting Standard for Smaller Entities (effective March 2000)
Article Abstract:
A review of how small businesses should report their financial earnings is presented. Current UK financial reporting standards include profit and loss accounting, management of fixed assets and leases, and corporate taxation policies.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2000
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Current tax
Article Abstract:
Standards for accurately reporting corporate taxation are presented, focusing on the UK's Financial Reporting Standard 16. Definitions of current tax, taxable profit and loss, and withholding tax are presented, and the standard's applicability within Great Britain, Northern Ireland, and the Republic of Ireland are analyzed.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2000
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Accounting policies
Article Abstract:
Possible reforms to UK financial reporting standards are discussed, focusing on Financial Reporting Exposure Draft 21(FRED 21). Topics include FRED 21's impact on accounting reliability, exemption of smaller entities to FRED 21 policies, and use of estimation techniques.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2000
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