Manual of accounting - Narrative reporting 2012
Guidance for UK companies on the 'front half' of financial statements (previously known as ‘Manual of accounting – Management reports and governance’)
Law and regulation require all UK companies to prepare reports to accompany their annual financial statements. These narrative reports (often referred to as the 'front half' of the annual report) provide financial and non-financial information to support the information in the financial statements. In addition to meeting certain minimum disclosure requirements, they give each company the opportunity to present an integrated and comprehensive picture of its business, and how it is run, to the capital markets and other user groups. The quality of this narrative reporting is an area of increasing focus of government, regulators and of the financial community more broadly.
The Manual contains guidance applicable to all sizes and types of UK companies regardless of the GAAP under which their financial statements have been prepared. It deals with the legal requirements applying to the directors' report, including the business review. For quoted companies, it covers the directors' remuneration report and, for listed companies, the UK Corporate Governance Code. The ASB's non-mandatory guidance for the operating and financial review is also discussed in detail. The Manual also contains many new good practice examples of narrative reporting.
Written by PwC’s UK Assurance Risk & Quality team, the Manual includes practical advice based on our work advising the firm's clients, partners and staff. The book will be of particular interest to finance directors, accountants, legal practitioners, financial advisors and auditors.
This book supports PwC's two main volumes dealing with the accounting and legal requirements concerning IFRS and UK GAAP:
- Manual of accounting - IFRS for the UK: detailed guidance on how IFRS affects UK listed groups and other UK entities that are required or opt to use IFRS.
- Manual of accounting - UK GAAP: detailed guidance for those entities and unlisted groups that continue to use UK GAAP.
Publication date: December 2011
Manual of accounting - Narrative reporting 2012 is included with the Manual of accounting - IFRS for the UK 2012 and UK GAAP 2012 sets. It is also sold separately, priced at £45 plus postage and packaging (p&p) and can be ordered from our publishers, Bloomsbury Professional. The Manual of accounting series is available electronically on PwC inform.
Discount for PwC audit clients and alumni
PwC audit clients and alumni are entitled to purchase the book at the discounted rate of just £22.50 plus p&p. To order, please either:
- Call +44 (0) 207 213 3149 or e-mail PwCInform.Sysadmin@uk.pwc.com with your name, PwC contact, company name, invoice/delivery address, contact number and the quantity you wish to order; or
- Contact your PwC engagement team.
