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What are the new headings on the balance sheet for IFRS compared with UK GAAP?


I've finishaed AAT but I've forgotten what the changes were from UK GAAP to IFRS. I know some of them such as Fixed assets are now Non-Current Assets and Tangible Fixed Assets are now all grouped together as PP&E and Stocks are Inventories but that's as far as my memory goes.

538 day(s) ago

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BruinCPA 		I don't know how far back you go, but these are the common headings used now:
Non-current assets:
Property, plant & equipment
Intangible assets
Subsidiaries
Associated companies
Joint venture companies
Available-for-sale (AFS) investments
Derivative financial instruments
Deferred tax assets
Other non-current receivables

Current assets:
Cash & cash equivalents
Trade & other receivables
Financial assets at fair value through profit or loss (FVTPL investments)
Derivative financial instruments
Inventories

There are no significant changes for liabilities headings.

Posted 538 days ago

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Question Title What are the new headings on the balance sheet for IFRS compared with UK GAAP?
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