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Chapter 25

UK GAAP

Outcome

By the end of this session you should be able to:

 provide an overview of UK accounting standards

 discuss the differences between the IFRS for SMEs Standard and UK GAAP

 discuss basic Companies Act requirements in relation to the preparation of
financial statements

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 25 of your Study Text

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