Accountancy bodies

Accruals concept

Adjustments

Bad and doubtful debts

Barristers and advocates

Change of accounting basis

Computation of trade profits

Accounting evidence, HMRC's views

Adjustments authorised by law

Anticipation of profits and losses

Barristers and advocates

Changing nature of accounting principles

Consistency

Deferred revenue expenditure

Development of accounting principles

Distinction between capital and revenue expenditure

Generally accepted accounting practice (GAAP)

Income recognition

Incorporation of accounting practices into statute

Insurance agents' commission

International accounting standards (IAS)

Key statutory principles

Matching of expenses (accruals concept)

Ordinary principles of commercial accountancy

Provisions

Prudence concept

Realisation (prudence concept)

Stock valuation

True and fair view

Weight of accounting evidence

Deferred revenue expenditure

Determination of true profits

Development of

Evidence, role of

Finance leases

Financial Reporting Standards (FRS)

Accounting policies (FRS 18 and FRS 102)

Provisions, contingent liabilities and contingent assets

Foreign exchange gains and losses

Generally accepted accounting practice (GAAP)

Generally

Meaning

Real estate investment trusts

Groups of companies

Intangible fixed assets

International accounting standards

Real estate investment trusts

International accounting standards (IAS)

Generally

Groups of companies

History of

Setting

International financial reporting standards (IFRS)

Loan relationships

Matching of expenses

Ordinary principles of commercial accountancy

Overview

Pre-6 April 2005

Provisions, contingent liabilities and assets

Prudence concept

Real estate investment trusts

Realisation

Research and development

Rounding of profit figures

Securitisation companies

Statements of Standard Accounting Practice (SSAP)

Disclosure of accounting policies

Finance lease rental payments

Leases and hire-purchase contracts

Valuation of stocks and long-term contracts

Taxable profits, relationship between

Trading stock

Generally

Post-balance sheet events

Valuation

True and fair accounts

UITF 40

Generally

Partnerships

Spreading adjustments