Titlebook: UK GAAP; Generally Accepted A Mike Davies,Ron Paterson,Allister Wilson Book 1997 Palgrave Macmillan, a division of Macmillan Publishers Lim

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使习惯于

Foreign currencies,the results of which need to be translated into the currency in which the company reports. Alternatively, it may conduct foreign operations through a foreign enterprise, normally a subsidiary or associated company, which keeps its accounting records in a foreign currency and, in order to prepare con

Pudendal-Nerve

Financial instruments,k profile, is perhaps the new factor in business life that poses the most searching challenge to traditional financial reporting practices. The IASC, in its newsletter of December 1996, commented on the issue in these terms:

DOSE

Fixed assets and depreciation, are acquired, subsequently depreciated through the profit and loss account over their working lives, and written down if at any time the carrying value is seen not to be fully recoverable. When a fixed asset is sold or scrapped, the difference between the written down value and any proceeds is reco

Alveoli

Capitalisation of borrowing costs,uction of an asset should or should not be capitalised. This issue was referred to in company law for the first time in 1981, with the Companies Act 1981 permitting the inclusion of interest in the production cost of an asset.

crescendo

Stocks and long-term contracts,balance sheet as stock to be matched against future revenues. This is because the determination of profit for an accounting period requires the matching of costs with related revenues. The cost of unsold or unconsumed stocks will have been incurred in the expectation of future revenue, and when this

Encephalitis

装入胶囊

庄严

Leases and hire purchase contracts,m. Through this, the requirement for companies to capitalise assets in their balance sheets (together with the corresponding obligations) in prescribed circumstances was introduced — irrespective of the fact that legal title to those assets vested in another party.

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