
	Where results make sense

Topic: UK GAAP

Related Topics

International Accounting Standards

US GAAP

Inventory

International Accounting Standards Board

IAS

New Jersey State Highway 12

LIFO

European Commission

California electricity crisis

Skye Terrier

Enron

American Forces Network

Light bulb

Lorimar

Timeline of the Enron scandal

In the News (Fri 11 Dec 09)

Northern Trust

Marvin Harrison

Peter Chernin

Gary Locke

Match Play

Penelope Cruz

Mickey Rourke

AR Rahman

Danny Boyle

Hugh Jackman

	Gallaher Group Plc - Annual review and summary financial statement 2004 - Financial highlights
		Under US GAAP, the estimated intrinsic value of the benefits accruing to individuals during the period from share awards held by the EBT to satisfy rights to shares arising from Gallaher's long-term share incentive plans, is remeasured each reporting period and charged to the income statement over the remaining vesting period of the share awards.
		Under UK GAAP, ordinary dividends are provided in the financial statements in the period in which they are proposed by the board for approval by the shareholders.
		Under UK GAAP, 'exceptional items' are items which derive from events or transactions that fall within the ordinary activities of the reporting entity which individually or, if of a similar type, in aggregate, need to be disclosed by virtue of their significance.
	www.gallaher-group.com /ir/publications/2004_review/gaap.asp (1012 words)

	BT Annual Report 1993 United States Generally Accepted Accounting Principles reconciliations
		Under UK GAAP, goodwill arising from the purchase of subsidiary and associated undertakings is written off on acquisition against retained earnings, but reflected in the net income of the period of disposal as part of the calculation of the gain or loss on divestment.
		Under UK GAAP, in assessing the fair value of the net assets of subsidiary and associated undertakings, provisions are made on acquisition for commitments and developments in progress.
		Under UK GAAP, dividends are recorded in the year in respect of which they are declared (in the case of interim dividends) or proposed by the board of directors to the shareholders (in the case of final dividends).
	www.graphicappeal.com /btreport/united2.htm (804 words)

	UK - Financial Reporting (Site not responding. Last check: 2007-11-03)
		UK GAAP does not require capitalization of interest cost hence, to comform to US GAAP it must be added back to UK profit and depreciation of capitalized interest deducted.
		UK GAAP does not require this recognition of compensation cost and so it must be adjusted to conform with US GAAP.
		They note that UK GAAP allows dividends to be recognised in the financial statements when it is recommended by the Board whereas in the US, it is recognised as a liability only when it is declared by the Board.
	www.albany.edu /acc/AccountDptmt/Research/Commonwealth/UK/acc5.html (544 words)

	Scottish Power Plc Announces 2005/06 Half Year Results including 2nd Quarter to 30 September 2005 - Part 2 : ArriveNet ... (Site not responding. Last check: 2007-11-03)
		Under UK GAAP, cash flows were presented separately for operating activities, dividends received from joint ventures, returns on investments and servicing of finance, taxation, capital expenditure and financial investment, acquisition and disposals, equity dividends paid, management of liquid resources and financing.
		Previously, under UK GAAP, the group calculated its depreciation charge for property, plant and equipment based on cost or revalued amounts less estimated residual values at prices prevailing at the time of the initial recognition of the asset or subsequent revaluation.
		Under UK GAAP, these were accounted for on a net cash investment basis and qualified for linked presentation whereby the non-recourse debt was offset against the receivable in accordance with FRS 5.
	press.arrivenet.com /industry/article.php/717965.html (3243 words)

	Victrex IFRS (Site not responding. Last check: 2007-11-03)
		Previously under UK GAAP only options granted under the Directors' LTIP were charged; c) The deferred tax provision has to be adjusted as a result of: (i) Discounting no longer being permitted; (ii) IFRS being more prescriptive regarding the recognition of deferred tax assets and, (iii) Changes in accounting for employee benefits.
		The profit impact of this adjustment in 2005 is a credit of #0.7m, being the reversal of amortisation previously charged under UK GAAP on the goodwill which arose on the acquisition of the DFDPM business from Laporte in 1999 (note that there is no change in the treatment of the knowhow arising from that transaction).
		Under UK GAAP Victrex uses the effective exchange rates from the forward contracts for translation of its foreign currency transactions and where appropriate the consolidation of its overseas entities.
	www.advfn.com /news_ifrs_13415490.html (1755 words)

	Carlton Annual Report & Accounts 1999
		Under UK GAAP, for acquisitions arising before 30 September 1998 the Group charged goodwill arising on such business combinations treated as purchases directly to reserves.
		From 1 October 1998 goodwill arising on acquisitions under UK GAAP has been capitalised as an intangible asset and is written off over periods of up to 20 years.
		Under UK GAAP, final Ordinary dividends are provided for in the fiscal year in respect of which they are recommended by the Board of Directors for approval by the shareholders.
	www.gardenshed.net /clients/carlton/gaap.html (481 words)

	UK Finance & Accounting Jobs - Financial Careers Library - What is GAAP?
		GAAP is a combination of authoritative standards (set by policy boards) and the accepted methods of doing accounting.
		The Generally Accepted Accounting Principles in the UK, or UK GAAP, are the overall body of regulation establishing how company accounts must be prepared in the United Kingdom.
		The principal legislation governing reporting in the UK is laid down in the Companies Act 1985 and the Companies Act 1989 (together often referred to as the Companies Act).
	www.gaapweb.com /library/starting_out/gaap.html (479 words)

	Company Reporting on GAAP reconciliations - 29 Jun 2001
		The UK to US GAAP reconciliations are a direct result of global capital markets as UK companies that wish to participate in the US market, either by seeking US listings or attracting US investors, provide the investor with accounting information in a format that allows comparison to a corresponding company in the US.
		Although there is no UK requirement to provide this information in their UK annual reports, many companies provide the GAAP information voluntarily, or some companies, by preparing combined annual reports and 20-Fs, include the US GAAP disclosures as a matter of course.
		Under UK GAAP, these amounts are subsumed within goodwill and carried forward, however, under US GAAP the value of in-process research and development is estimated at its fair value and written off.
	www.accountingweb.co.uk /cgi-bin/item.cgi?id=51446 (2768 words)

	Ernst & Young - Financial Reporting (Site not responding. Last check: 2007-11-03)
		Whatever the nature of the financial reporting problem (for example, US GAAP requirements, International Financial Reporting Standards, group restructuring, or expert witness) the Financial Reporting Group has unmatched expertise.
		UK, US and IFRS technical issues: Complex technical issues frequently arise in the course of clients' activities.
		The Financial Reporting Group's role is to provide practical interpretations of technical requirements, thereby ensuring that the complex financial reporting environment companies work within is dealt with economically and sensibly.
	www.gaap.co.uk (518 words)

	Investor's Business Daily: Breaking News
		UK callers may access the replay by dialing +44-(0)-870-000-3081 or +0800-692-0831 and entering reservation number 21266140.
		Global Crossing (UK) Telecommunications operates a high-capacity UK network comprising more than 5,600 route miles of fiber optic cable connecting 150 towns and cities and reaching within just over one mile of 64 percent of UK businesses.
		The UK network is linked into the wider Global Crossing network that connects more than 300 cities and 30 countries worldwide, and delivers services to nearly 600 cities, 60 countries and 6 continents around the globe.
	www.investors.com /breakingnews.asp?journalid=32951020 (1688 words)

	Cable & Wireless Annual results 1996-1997 Reconciliation of UK and US GAAP (Site not responding. Last check: 2007-11-03)
		Under UK GAAP, Cable and Wireless Communications is a subsidiary undertaking and is therefore consolidated in the Group's results.
		Under US GAAP, the rights of the minority shareholders in Cable and Wireless Communications are such that the equity method of accounting is required.
		The net income for the year ended 31 March 1997 under US GAAP has been restated to take account of cumulative exchange gains totalling £93 million attributable to the goodwill associated with Vebacom, which was disposed of in the year ended 31 March 1997.
	www.cw.com /media_events/media_centre/financials/9697/annual/mc_735res9697.html (331 words)

	HM Revenue & Customs: Budget 2004: REV BN 25: Tax and accounting (IAS and UK GAAP)
		The measures are to ensure that companies choosing to adopt IAS to draw up their accounts receive broadly equivalent tax treatment to companies that continue to use UK Generally Accepted Accounting Practice (UK GAAP).
		UK tax law requires the use of accounts drawn up under recognised accounting principles as the starting point for tax returns of trading profits.
		UK GAAP is also used to determine the profits in some other areas, especially loan relationships (debt and securities), derivative contracts and intangibles outside the trading context.
	www.hmrc.gov.uk /budget2004/revbn25.htm (606 words)

	International GAAP® 2007
		International GAAP® 2007 has been specifically written to provide the necessary interpretation and guidance on the practical application of the new international financial reporting regime.
		Written by the International Financial Reporting Group of Ernst and Young, this new edition in the International GAAP® series serves as a successor to the same authors' market-dominating UK GAAP and UK and International GAAP - acclaimed as "A standard reference work" (Financial Times) and "The definitive guide to financial reporting" (The Times).
		International GAAP® 2007 is indispensable for anyone involved in preparing, interpreting or auditing company accounts and for all students of accountancy.
	www.lexisnexis.co.uk /marketing/campaigns/gaap_site/gaap2007.htm (185 words)

	United States versus United Kingdom Financial Statements
		The study is helpful in evaluating the financial statements of UK companies and comparing them with US financial statements.
		UK companies' (Form 20-F) returns submitted to Securities and Exchange Commission (SEC) were reviewed for major differences that materially affected financial statements noted in reconciliation or restatement of foreign financial statements according to US GAAP.
		The reports (Form 20-F) have been professionally prepared by UK companies listing their securities in US markets and have been audited by renowned Certified Public Accountants (CPAs) with a great deal of experience and expertise in the field.
	www.aabss.org /journal2003/Chawla.htm (327 words)

	International NewsLine: E&Y Publishes Comparisons of UK GAAP, US GAAP and IAS (Site not responding. Last check: 2007-11-03)
		Highlighting the differences between UK GAAP and U.S. GAAP, Ernst and Young has also published a comparison of these two sets of principles.
		U.S./UK GAAP Comparison summarizes the background to financial reporting in the UK and the U.S., contains side-by-side comparisons of the standards' requirements, analyses the results of the EandY survey of UK/U.S. GAAP reconciliations of UK Securities and Exchange Commission registrant companies, and outlines the main effects of the differences between the two sets of standards.
		A further volume from EandY, comparing IAS and UK GAAP, is due out at the end of the month.
	accounting.smartpros.com /x28728.xml (392 words)

	Generally Accepted Accounting Principles (UK) - Wikipedia, the free encyclopedia
		The principal legislation governing reporting in the UK is laid down in the Companies Act 1985 (as amended by the Companies Act 1989 and subsequent statutory instruments), which incorporates the requirements of European law.
		In the UK, companies which are not listed have the option to report either under IFRSs or under UK GAAP[2].
		Recently issued UK FRSs have, in any case replicated the wording of corresponding IFRSs, reducing the differences between the two sets of standards significantly.
	en.wikipedia.org /wiki/UK_GAAP (417 words)

	HM Revenue & Customs: Accounting Standards - the UK tax implications
		These changes are made necessary in part by the increasing reliance in UK Tax law on accounts drawn up in accordance with GAAP.
		This includes detailed notes on the tax implications for companies adopting IAS (and equivalent UK standards) and on areas where there is no change to the current position – for example pensions and share schemes.
		This section gives details on why tax departs from the accounts and where IAS may lead to changes in the way items are accounted for, in particular the increased use of fair value accounting.
	www.hmrc.gov.uk /practitioners/int_accounting_index.htm (173 words)

	Smith & Williamson - United Kingdom - Financial Reporting - IFRS & UK GAAP- July 2006 (01/08/2006 13:40:06) from Mondaq
		While there may have been few new UK accounting standards so far in 2006, legislation continues to provide plenty of challenges for all preparers of financial statements.
		In this edition, we look at two proposed changes to international standards dealing with the presentation of financial information and the effects of further changes to UK company law.
		This service is completely FREE but for the full article and thousands of other articles from 100+ countries please tell us about yourself by registering (and yes, our lawyers like to think you've read our Disclaimer).
	www.mondaq.com /i_article.asp_Q_articleid_E_41602 (272 words)

	Ernst & Young - Audit & Assurance - Financial Reporting - GAAP Club (Site not responding. Last check: 2007-11-03)
		Every purchaser of UK & International GAAP or UK & International GAAPonline may join the GAAP Club free of charge.
		To become a club member, fill in the GAAP Club registration form which is included as a part of these publications.
		Membership of the GAAP Club will ensure you are regularly sent copies of GAAP News, keeping you up-to-date with financial reporting developments and expert commentary.
	www.ey.com /GLOBAL/content.nsf/UK/FR_-_GAAP_Club (199 words)

	Amazon.com: GAAP 2000: UK Financial Reporting and Accounting: Books: Mike Davies,Ken Wild,Brian ... (Site not responding. Last check: 2007-11-03)
		UK GAAP covers all the areas you need on a day to day basis as a student right through to director level.
		Approaches all the topics from different angles ; eg the rules, how they apply, the variations, and most importantly specific examples of their use in UK companies - and all in clear English.
		Regular updates from the publishers are sent on the latest accountancy issues and changes once you register - saves time in the library.
	www.amazon.com /GAAP-2000-Financial-Reporting-Accounting/dp/0333801377 (627 words)

	GlaxoSmithKline Annual Review 2002 - Summary US GAAP information
		The following is a summary of the material adjustments to profit and shareholders’ funds which would be required if US Generally Accepted Accounting Principles (GAAP) had been applied instead of UK GAAP.
		A summary of the material differences between UK and US GAAP that apply to the Group is set out in the Annual Report 2002.
		This change has been accounted for as a prior period adjustment for UK GAAP purposes and comparative adjustments to arrive at US GAAP have been restated as necessary.
	www.gsk.com /financial/reps02/annual-review-02/GSKrev-17.htm (325 words)

	EYWare
		All UK listed companies must prepare their consolidated financial statements under International Financial Reporting Standards (IFRS) from 2005.
		Conversion from UK GAAP to IFRS is a complex process for many companies, and it can be difficult to get over the initial hurdle of working out which of your group's accounting policies are likely to be different.
		Over the course of a two to three hour meeting, the GAAP Difference Identifier Tool generates a list of potential GAAP differences for your group, based on your responses to some initial background questions.
	www.eyware.com /?ID=268 (341 words)

	SME standard to fall in line with UK GAAP (Site not responding. Last check: 2007-11-03)
		SME standard to fall in line with UK GAAP
		The UK's Accounting Standards Board has proposed amendments to its accounting standard for smaller companies that would bring it into line with recent changes to full UK GAAP.
		The exposure draft for the Financial Reporting Standard for Smaller Entities will lead to the fifth revision of the standard and is expected to come into force at the beginning of next year.
	www.computeractive.co.uk /articles/print/2154985 (166 words)

	Applying UK GAAP - Bristol, Cardiff, London, Accountants, Audit, Tax, VAT, PAYE, Corporate Finance, Personal & Business ...
		Applying UK GAAP - A practical guide to key financial reporting areas
		This seminar will provide a guide to applying UK GAAP to a number of key financial reporting areas.
		Extensive published accounts illustrations and case studies will be included.
	www.solomonhare.co.uk /solomonhare/Courses/Applying_UKGAAP_June_2006.html (246 words)

	gaap uk us: Useful UK listings for gaap uk us
		gaap uk us: Useful UK listings for gaap uk us
		VT Software (UK) - Accounting software for statutory accounts production and www.dmoz.org/Computers/Software/Accounting Gestion de la performance â” alpha - origines disparates SunSystem...
		The successful applicant will be responsible for the production of UK & US GAAP reports for internal management, ledger reconciliations with analysis, assisting with the development of the fina...
	www.clickindex.co.uk /common/websearch/gaap+uk+us (370 words)

	Accounting and Finance Jobs UK - GAAPweb.com
		Search the latest Finance and Accountancy jobs from over 500 financial recruiters.
		Find out if your finance salary is as high as it should be, and which accounting and finance jobs earn the most.
		Read our interviews with some of accountancy's top professionals and get expert advice on the UK's current Accounting and Finance job market.
	www.gaapweb.com (135 words)

	eBay.co.uk - Uk Gaap items at low prices (Site not responding. Last check: 2007-11-03)
		1 items found for Uk Gaap in eBay Shops.
		Accountancy Memo 2005 UK Financial Reporting UK GAAP+CD
		Use of this Web site constitutes acceptance of the eBay User Agreement and Privacy Policy.
	search.ebay.co.uk /Uk-Gaap_W0QQfclZ4QQfnuZ1 (98 words)

	US GAAP & SEC REPORTING
		Understanding the application of new standards using case studies from published financial statements, practise exercises and direct company experiences.
		Covers all the main developments from SFAS141 through 146, plus Sarbanes-Oxley and US GAAP to IAS comparison
		Each day of these seminars may be attended to qualify for:
	www.ftkfinance.com /usgaap (111 words)

Try your search on: Qwika (all wikis)