![]() ![]() These accounting standards are published by the UK’s Financial Reporting Council, and look to detail the framework by which financial information should be presented, with the last major overhaul having become active on 1st January 2015. UK GAAP is the formal title of the body of accounting standards and other guidance which apply in the United Kingdom. So, What Are UK Generally Accepted Accounting Practices? (A.K.A. If you’re based in Manchester, Liverpool or the surrounding areas, such as The Wirral, Chester or Salford, and are looking for a professional accounting firm that can help you with a host of different services, to help improve your financial position and accounting records, get in touch with us today. These accounting principles, which we’ll explain in more detail in today’s blog, help guide us over the period of time that we work with a client, and allow us to reach the ultimate goal of making them more successful.Īs we mentioned we are committed to the principles of accounting and are excited to see how we can help you. Well, all of that can be found in something called ‘UK GAAP’, which is short for, Generally Accepted Accounting Practice in the UK. However, until now, we haven’t really discussed what it is that drives us to do this, what code we abide by that allows us to work to high accounting standards. ![]() ![]() From tax, external audit work and advisory services to helping businesses with their reporting processes, accounting practices and financial statements – we do it all. Here at Williamson & Croft, we’re made up of talented accountants who help businesses up and down the north-west with their financial accounting needs. ![]()
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