Source: http://publicsector.practicallaw.com/topic3-103-1240?source=relatedcontent
Timestamp: 2013-05-21 23:33:25
Document Index: 785352524

Matched Legal Cases: ['art 15', 'art 16', 'art 15', 'art 15', 'art 15', 'art 15', 'art 15', 'art 13']

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1Accounting for share schemes: an overviewMost companies must record an expense in their profit and loss accounts for share-based payments. This note is an overview of the main concepts and issues involved in accounting for share schemes. Accounting considerations can influence share plan design. This note is aimed at subscribers who are not accountants and provides a brief introduction to what can be a complex and specialist area of accounting practice.Practice note: overviewMaintained2Company accounts and reports: overviewAn overview of the Companies Act 2006 provisions on the preparation of company accounts and reports. This note covers the law applicable to financial periods beginning on or after 6 April 2008.Practice note: overviewMaintained3Accounting for joint arrangements and associatesAn overview of the accounting for joint arrangements and associates.Practice notes29-Dec-20124Accounting for leasesThis Practice note has been superseded by the section on Accounting for leases in Practice note, Equipment leasing: tax. An update page summarising the activities and decisions of the joint IASB and FASB project on accounting for leases is available on the FASB website: IASB/FASB: Leases - Project Update.Practice notes24-Apr-20125Accounting for share schemes: an example comparing the ...The international accounting standard IFRS 2 requires companies to recognise share-based payment transactions (accounting charges, financial position and disclosure) in their financial statements. It is necessary for companies to account for all share incentives, including share option schemes. This note sets out an example comparing the profit and loss account treatment of a share option compared with the treatment of a long term incentive plan award.Practice notesMaintained6Accounting records: comparison between Companies Act ...A note outlining the changes to the law on accounting records under the Companies Act 2006 (CA 2006 Act).Practice notesMaintained7Accounting reference period: comparison between ...A note outlining the changes to the law on accounting reference periods under the Companies Act 2006 (CA 2006). For more detailed information and analysis, see Practice note, Company accounts and reports: overview. Part 15 (accounts and reports), other than sections 417 and 463, came into force on 6 April 2008.Practice notesMaintained8Accounting standardsAn outline of UK and international accounting standards requirements under the Companies Act 2006. This note covers the law applicable to financial periods beginning on or after 6 April 2008.Practice notesMaintained9Accounting treatment of share buybacksThis note covers the accounting treatment of share buybacks under the Companies Act 1985, the legal requirements governing how they are to be funded and the rules for capital maintenance.Practice notes16-Jun-200610Audit committee terms of referenceA note on the terms of reference for audit committees.Practice notesMaintained11Auditor liability limitation agreementsA note outlining the law on liability limitation agreements for auditors under the Companies Act 2006 (CA 2006). For a link to the CA 2006, see Companies Act 2006: publication of final text. For general background to the CA 2006, see Practice note, Companies Act 2006: materials. Chapter 6 of Part 16 (auditors' liability) came into force on 6 April 2008.Practice notesMaintained12Auditor's reportAn outline of the requirements for an auditor's report under the Companies Act 2006. This note covers the law applicable to financial periods beginning on or after 6 April 2008.Practice notesMaintained13Auditors: appointment, retirement and removalThis practice note details the requirements relating to the appointment, retirement and removal of auditors under the Companies Act 2006.Practice notesMaintained14Balance sheet, profit and loss account and notes to the ...An outline of the requirements for a company's balance sheet, profit and loss account and notes to the accounts under the Companies Act 2006. This note covers the law applicable to financial periods beginning on or after 6 April 2008.Practice notesMaintained15Business reviewThis note outlines the narrative reporting requirements of the business review element of the directors' report under section 417 of the Companies Act 2006. It includes details of the proposals to replace the business review with a strategic report in accordance with the draft Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013, which are scheduled to have effect in relation to financial years ending on or after 1 October 2013.Practice notesMaintained16Categorising performance conditions: a brief guideExecutives will normally only benefit from incentive schemes if pre-set performance conditions are fulfilled. It is useful to understand the main categories of performance conditions. This understanding helps explain why particular performance conditions are chosen. Also, it is essential to be able to distinguish some categories of performance conditions to establish the correct accounting treatment of the share plan.Practice notesMaintained17Charitable companies: financial reportingAn outline of the financial reporting requirements for charitable companies in England and Wales for financial years beginning on or after 1 April 2008. Practice notesMaintained18Company accounts and reports: directors' responsibilities ...This note sets out the requirements for the directors' statement of responsibilities in relation to company accounts.Practice notesMaintained19Completion accounts: acquisitionsThis note considers the preparation of completion accounts in a share or asset purchase transaction, where provision is made for the purchase price to be varied by reference to the assets or profits (or some component of them) actually taken over by the buyer, or more rarely to demonstrate compliance or otherwise with a particular warranty.Practice notesMaintained20Directors' remuneration reportA note on the requirements for quoted companies to produce a director's remuneration report, including details of proposed reforms in this area under the Enterprise and Regulatory Reform Act 2013 and the draft Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2012.Practice notesMaintained21Directors' reportThis note outlines the requirements for the directors' report under the Companies Act 2006 for accounting periods beginning on or after 6 April 2008.Practice notesMaintained22Directors' report: comparison between Companies Act 2006 ...A note outlining the changes to the law on directors' reports under the Companies Act 2006 (CA 2006 ). For more detailed information and analysis, see Practice note, Directors' report: and Practice note, Business review. Part 15 (accounts and reports) other than section 417 (Contents of directors' report: business review) and section 463 (Liability for false or misleading statements in reports) came into force on 6 April 2008. Generally, the requirements on the form and content of accounts and reports in Part 15 are effective for accounting periods beginning on or after 6 April 2008. Section 417 came into force on 1 October 2007 for reports for financial years beginning on or after 1 October 2007 and section 463 applies to reports sent on or after 20 January 2007.Practice notes06-Jul-201123Dormant companies: accounts and reportsAn outline of the financial reporting exemptions applicable to dormant companies under the Companies Act 2006. This note covers the law applicable to financial periods beginning on or after 6 April 2008.Practice notesMaintained24Environmental reporting for companies: mandatoryA practice note setting out what companies must do to comply with mandatory environmental reporting requirements.Practice notesMaintained25Environmental reporting for companies: voluntaryA practice note setting out how companies can engage in voluntary environmental reporting.Practice notesMaintained26Funding employee benefit trusts: financial assistance, UITF ...Companies often establish an employee benefit trust (EBT) to satisfy employee share options and awards. Funding an EBT to acquire shares can cause difficulties for public companies under the company law financial assistance rules. This practice note sets out the issues and some possible solutions.Practice notesMaintained27Going concern statementThe Listing Rules require a going concern statement to be included in the annual financial report of certain listed companies.Practice notesMaintained28Group accountsAn outline of the requirements for the preparation and filing of group accounts under the Companies Act 2006.Practice notesMaintained29Group accounts: comparison between Companies Act 2006 ...A note outlining the changes to the law on group accounts under the Companies Act 2006 (CA 2006). For more detailed information and analysis, see Practice note, Group accounts. Chapter 4 of Part 15 (annual accounts) came into force on 6 April 2008. Generally, the requirements on the form and content of accounts and reports in Part 15 came into effect for accounts and reports for periods beginning on or after 6 April 2008.Practice notes06-Jul-201130Internal control: the Turnbull guidanceGood internal controls should ensure that the company's management systems, accounting records, asset maintenance and compliance issues are operating correctly. This note details the board's responsibilities for internal control, the recommendations of the Turnbull guidance and practical steps for their implementation, the risks to be covered, establishing an effective internal control system and reviewing it, and reporting to shareholders.Practice notesMaintained31Limited liability partnerships: accountsAn overview of the Companies Act 2006 provisions on the preparation of company accounts and reports as applied with modifications to limited liability partnerships (LLPs) for financial periods beginning on or after 1 October 2008.Practice notesMaintained32Publication and filing of accounts: comparison between ...A note outlining the changes to the law on the publication and filing of company accounts under the Companies Act 2006 (CA 2006 Act). For more detailed information and analysis, see Practice note, Company accounts and reports: overview. Part 15 (accounts and reports), other than sections 417 and 463, came into force on 6 April 2008.Practice notes06-Jul-201133Quoted companies: accounts and reportsAn outline of the additional accounts and reports requirements for quoted companies under the Companies Act 2006. This note covers the law applicable to financial periods beginning on or after 6 April 2008.Practice notesMaintained34Quoted companies: comparison between Companies Acts ...A note outlining the changes to the law in relation to quoted companies made by the Companies Act 2006 (2006 Act). For general background to the 2006 Act, see Practice note, Companies Act 2006: materials. The various provisions in the 2006 Act which impose specific requirements on quoted companies came into force on different dates; the first of the commencement dates was 1 October 2007 in relation to the contents of the enhanced business review (section 417) and the requirements where a poll is taken at a meeting (Chapter 5 of Part 13). For more detailed information and analysis, see Practice note, Quoted companies: accounts and reports: 6 April 2008 and Practice note, Business review: 1 October 2007.Practice notes01-Oct-200935Small and medium-sized companies: accounts and reportsAn outline of the Companies Act 2006 requirements for companies to qualify as small or medium-sized and the exemptions available to such companies in relation to their accounts and reports. This note covers the law applicable to financial periods beginning on or after 6 April 2008.Practice notesMaintained36Statutory liability for false or misleading statements, omissions ...An outline of the statutory liability provisions for false or misleading statements, omissions and dishonest delay in published information relating to securities and company reports under section 463 of the Companies Act 2006 and section 90A of the Financial Services and Markets Act 2000 (as amended by the Financial Services and Markets Act 2000 (Liability of Issuers) Regulations 2010 (SI 2010/1192)).Practice notesMaintained37Summary financial statementsAn outline of the option for companies to prepare a summary financial statement in addition to their full accounts and reports in accordance with the Companies Act 2006. This note covers the law applicable to financial periods beginning on or after 6 April 2008. Practice notesMaintained38True and fair viewAn outline of the true and fair requirement in relation to company accounts under the Companies Act 2006. This note covers the law applicable to financial periods beginning on or after 6 April 2008.Practice notesMaintained39Voluntary operating and financial reviewAn outline of operating and financial reviews which companies may produce on a voluntary basisPractice notesMaintained
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