Recognising the continuing importance of accounting concepts for the professionals, Stuart Collins, Partner, PKF, discusses revenue and profit recognition for professional firms
Recognising the continuing importance of accounting concepts for the professionals Stuart Collins Partner PKF discusses revenue and profit recognition for professional firms
Application Note G (AN G) is an unremarkable title to what is little more than a footnote to one of the UK accounting standards. It aims to provide guidance on when to account for revenue. Yet this innocent-sounding document recently published by the Accounting Standards Board (ASB) is now starting to bite as professional firms prepare their accounts for the current year. AN G may lead to a significant acceleration of revenue and profit in respect of assignments in progress at the year end with...
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Recognising the continuing importance of accounting concepts for the professionals, Stuart Collins, Partner, PKF, discusses revenue and profit recognition for professional firms
Recognising the continuing importance of accounting concepts for the professionals Stuart Collins Partner PKF discusses revenue and profit recognition for professional firms
Application Note G (AN G) is an unremarkable title to what is little more than a footnote to one of the UK accounting standards. It aims to provide guidance on when to account for revenue. Yet this innocent-sounding document recently published by the Accounting Standards Board (ASB) is now starting to bite as professional firms prepare their accounts for the current year. AN G may lead to a significant acceleration of revenue and profit in respect of assignments in progress at the year end with...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
