GAAP Handbook 1996: Financial accounting and reporting practices including specimen annual financial statements

ISBN: 0 86981 950 X

GAAP Handbook 1996 presents conceptual and concise guidance on the application of statements of Generally Accepted Accounting Practice. The book summarises by topic the disclosure requirements of both the accounting statements and Schedule 4 to the Companies Act. Specimen sets of financial statements for a group, a private company and a close corporation are included in the appendix.

GAAP Handbook 1996 covers accounting statements and exposure drafts issued up to September 1995. This includes coverage and practical explanations of:

AC103 (revised) Net Profit for the Period
ACT14 (revised) Borrowing Costs
ACT09 (revised) Construction Contracts
AC108 (revised) Inventories
ED101 Cash Flow Statements

The hook provides concise guidance for all those who are involved in the preparation, audit or analysis of company and close corporation financial statements. This topical and up-to-date handbook can be used at both undergraduate and graduate student levels, as well as by practising accountants, financial analysts, credit providers and the wider business community.