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Statement of recommended practice (SORP) accounting for registered social landlords 2008

By: Language: English Publication details: London NHF 2008Description: viii, 100p. 25cmISBN:
  • 9780862975333
Subject(s): LOC classification:
  • 346 $2 18
Partial contents:
Definition of relevant acts -- Recommended practice and explanation -- Application of accounting standards -- Legal requirements -- Development of the revised SORP
Summary: Statement of Recommended Practice (SORP) aiming to narrow areas of difference of accounting within the social housing sector by recommending preferred accounting treatments. The Accounting Standards Board (ASB) has authorised the National Housing Federation (NHF), Community Housing Cymru (CHC) and the Scottish federation of Housing Associations (SFHA) to issue this document collectively, requiring them to abide by the regulations of the ASB. The overall purpose of the SORP is to provide guidance on formats and accounting policies which will enable social landlords to comply with the existing accounting requirements, but should not be viewed as an alternative to the requirements themselves.Summary: Readers of this title should also look at the document International Financial Reporting Standards (L142984), as they will impact on the SORP in future.
Holdings
Item type Current library Call number Copy number Status Barcode
Book London Books 346 NAT (Browse shelf(Opens below)) 1 Available 30074374

Definition of relevant acts -- Recommended practice and explanation -- Application of accounting standards -- Legal requirements -- Development of the revised SORP

Statement of Recommended Practice (SORP) aiming to narrow areas of difference of accounting within the social housing sector by recommending preferred accounting treatments. The Accounting Standards Board (ASB) has authorised the National Housing Federation (NHF), Community Housing Cymru (CHC) and the Scottish federation of Housing Associations (SFHA) to issue this document collectively, requiring them to abide by the regulations of the ASB. The overall purpose of the SORP is to provide guidance on formats and accounting policies which will enable social landlords to comply with the existing accounting requirements, but should not be viewed as an alternative to the requirements themselves.

Readers of this title should also look at the document International Financial Reporting Standards (L142984), as they will impact on the SORP in future.