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international economic development, because the UK's market economy is an important part of the world economy, the United Kingdom was the first establishment of a modern sense of national accountancy professional bodies ,which has a long history of development tradition in accounting. In 1973, the United Kingdom joined the European Community and was renamed as the European Union European Union in 1993. As a member of the EU, must comply with relevant laws and regulations. Such as the EU.'s Directive No. 4,7,8 are related to the topic of the coordination of accounting and auditing requirements. Undoubtedly, the EU member states on the issue of accounting harmonization positive move that will affect the future direction of development of the UK accounting, and he gradually move closer to the continental European model; Similarly, the United Kingdom accounting for the impact of other European countries will increase.
British support IFRS, like other countries, the United Kingdom has its own characteristics, according to its own accounting standards. Since the enactment of the Companies Act in 1948, the United Kingdom legislation has undergone several amendments and additions. In addition to the text in 1948, the revised text of the 1967,1976,1980,1981 year (the implementation of the EU Directive No. 4) of the legislation were considered as a separate existence. When company implementationed or referenced it , you must cross-reference to the decision trade-offs, which was not convenient. This situation in the "Companies Act 1985" was unificated. The revision of previous relevant contents of company law should be altered and added to later, so that this can be merged into one company uniform law. Because the text is very long, the body of a total of 25 head 747, plus-laws, is vividly called the "monsters Dafa."
In 1989, Britain has been further complemented the Company Law in order to implement the European Union No. 7, No. 8 Directive. With regard to the accounting statements, the United Kingdom ,in the Supplementary information of Companies Act 1948 has proposed disclosure requirements, but does not require a specific financial statement formats. Companies Act 1981, the United Kingdom amended in accordance with EC Directive No. 4, and provides options for the first time, the balance sheet and income statement formats. The financial statements generally include: (1) Board of Directors report; (2) profit and loss account and financial balance sheet; (3) cash flow statement; (4) All gains and losses recognized in the table; (5) Notice of accounting policies; (6) the Notes the financial statements; (7) The auditor's reports.
As for the consolidated financial statements include the consolidated profit and loss account, consolidated balance sheet financing, holding company's own balance sheet (profit and loss account does not require the holding requirements), combined cash flow statement and the Report of the Directors (including the full-year Summary of operations). The statements are more general, the format of the balance sheet using the report type (vertical type), large amounts of detailed information on the report notes. Furthermore, in order to fulfill corporate social accountability and expand foreign provided general information, the British also encouraged companies to prepare an value-added sheet, employee reporting, corporate and government contacts between the monetary conditions, foreign 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。