Deloitte's iGAAP 2010 IFRS Reporting in the UK
20 Oct 2009
Deloitte United Kingdom has published iGAAP 2010 IFRS Reporting in the UK.
This 3,692-page book sets out comprehensive guidance for UK companies reporting under IFRSs. The book explains clearly the requirements of IFRSs and how they differ from UK GAAP; adds interpretation and commentary where IFRSs are silent or unclear; identifies related UK-specific requirements; and provides many illustrative examples. The manual deals comprehensively with those new standards that apply for periods beginning in 2009 and also covers those further pronouncements issued by the IASB up to 30 June 2009 that will apply from 2010, distinguishing clearly those that have not yet been endorsed by the European Commission. New material in this 2010 edition includes:
- IFRS 6 Exploration for and Evaluation of Mineral Resources;
- the revised version of IFRS 1 First-time Adoption of International Financial Reporting Standards (November 2008);
- the amendment to IFRS 2 Group Cash-settled Share-based Payment Transactions (June 2009);
- the amendment to IFRS 7 Improving Disclosures about Financial Instruments (March 2009);
- the amendment to IAS 39 Eligible Hedged Items (July 2008);
- the amendments to IAS 39 and IFRS 7 Reclassification of Financial Assets (October 2008);
- the amendments to IFRIC 9 and IAS 39 Embedded Derivatives (March 2009);
- Improvements to IFRSs issued in April 2009;
- IFRIC 17 Distributions of Non-cash Assets to Owners;
- IFRIC 18 Transfers of Assets from Customers;
- partnerships;
- small and medium-sized companies;
- dormant, overseas and unlimited companies and companies limited by guarantee;
- TECH 01/09 Guidance on the determination of realised profits and losses in the context of distributions under the Companies Act 2006;
- increased guidance on going concern following the publication of guidance in this area by the Financial Reporting Council; and
- additional examples and guidance on issues arising in practice.
