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International financial reporting standards the potential impact for housing associations

By: Contributor(s): Language: English Publication details: London NHF 2007Description: vi, 58p. 25cmISBN:
  • 9780862975326
Subject(s): LOC classification:
  • 657.3 $2 18
Partial contents:
Accounting policies and estimation techniques -- Presentation of the financial statements -- Cash flow statements -- Stocks and inventories -- Fixed assets -- Borrowing costs -- Accounting for government grants -- Impairment -- Leases -- Investment properties -- Non-current assets held for sale and discontinued assets -- Employee/retirement benefits -- Contracts -- Taxation -- Provisions, contingent liabilities and contingent assets -- Related party disclosures -- Group accounts - consolidated financial statements
Associates and joint ventures -- Business combinations -- Financial instruments -- Intangible assets including research and development -- Events after the balance sheet date -- Revenue recognition -- Segmental reporting -- Other standards unlikely to apply to social landlords -- Impact of first-time adoption -- Other considerations
Holdings
Item type Current library Call number Copy number Status Barcode
Book London Books 657.3 PRI (Browse shelf(Opens below)) 1 Available 30074370

Accounting policies and estimation techniques -- Presentation of the financial statements -- Cash flow statements -- Stocks and inventories -- Fixed assets -- Borrowing costs -- Accounting for government grants -- Impairment -- Leases -- Investment properties -- Non-current assets held for sale and discontinued assets -- Employee/retirement benefits -- Contracts -- Taxation -- Provisions, contingent liabilities and contingent assets -- Related party disclosures -- Group accounts - consolidated financial statements

Associates and joint ventures -- Business combinations -- Financial instruments -- Intangible assets including research and development -- Events after the balance sheet date -- Revenue recognition -- Segmental reporting -- Other standards unlikely to apply to social landlords -- Impact of first-time adoption -- Other considerations

Discusses the potential impact on housing associations of the International Financial Reporting Standards regulations (IFRS). While the Statement of Recommended Practice (SORP) (L142983) requires registered social landlords to comply with UK Generally Accepted Accounting Practice (GAAP), the Accounting Standards Board (ASB) has made it clear that UK GAAP will be merged with IFRS over time. Document illustrates that this is not just a technical change; that real differences will be met by housing associations and that significant project management will be required to facilitate the transition.