Accounting standards are authoritative standards for financial accounting and reporting, such as the Financial Reporting Standards issued by the Financial Reporting Council in the UK or the International Financial Reporting Standards issued by the International Accounting Standards Board. In the USA, the responsibility falls on the Financial Accounting Standards Board. These standards provide rules and procedures for the measurement, valuation, and disclosure of accounting transactions.
Exceptional items refer to costs or income that affect a company's profit and loss account and fall within the ordinary activities of the reporting entity, but require separate disclosure due to their exceptional size or incidence.
A comprehensive guide to the classification of large groups in corporate contexts, their significance, regulatory standards, and implications for business operations.
An overview of the Reconciliation of Movements in Shareholders' Funds, including its components, importance, and application in financial reporting.
