Page 395 - SBR Integrated Workbook STUDENT S18-J19

UK GAAP

Companies Act

3.1 The preparation of financial statements

The UK syllabus for SBR specifies that candidates must know the basic Companies
Act requirements surrounding when single and group entity financial statements are
required and when a subsidiary may be excluded from the group financial
statements.

You should read about these Companies Act requirements in Section 4
of Chapter 24 in your Study Text.

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