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Description of ACCA - P2 Corporate Reporting (INT): Key Notes

The detailed syllabus includes: the professional and ethical duty of the accountant - professional behaviour and compliance with accounting standards; ethical requirements of corporate reporting and the consequences of unethical behaviour; and, social responsibility. The financial reporting framework includes: the contribution and limitations of financial statements in meeting the needs of users' and capital markets; the applications, strengths and weaknesses of an accounting framework; and, critical evaluation of principles and practices. Reporting the financial performance of entities includes: performance reporting; non-current assets; financial instruments; leases 5. segment reporting; employee benefits; income taxes; provisions, contingencies and events after the reporting date; related parties; and, share-based payment. Financial statements of groups of entities includes: group accounting including statements of cash flows; continuing and discontinued interests; changes in group structures; and, foreign transactions and entities.
Specialised entities includes: financial reporting in specialised, not-for-profit and public sector entities; and reporting requirements of small and medium-sized entities (smes). Implications of changes in accounting regulation on financial reporting includes: the effect of changes in accounting standards on accounting systems; and proposed changes to accounting standards. The appraisal of financial performance and position of entities includes: the creation of suitable accounting policies; and analysis and interpretation of financial information and measurement of performance. Current developments includes: environmental and social reporting; convergence between national and international reporting standards; comparison of national reporting requirements; and, current reporting issues.

Title Information

ISBN:

9781848081604

Format:

Paperback

Product Code:

462641

Publisher:

Get Through Guides

Published:

01/01/2010

Edition:

2nd Revised edition

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