UK Accounting Practice

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Definitions
Disproportionate Expense and Undue Delay in Accounting
Disproportionate Expense Undue Delay Consolidated Financial Statements UK Accounting Practice Financial Reporting Standard Consolidation Exclusions Subsidiary Undertakings
The term 'disproportionate expense and undue delay' refers to circumstances in traditional UK accounting practices where an individual subsidiary undertaking might be excluded from consolidated financial statements due to excessive cost and time requirements to obtain the necessary information.
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Definitions
Exclusion of Subsidiaries from Consolidation
Financial Reporting Consolidation Subsidiary True and Fair View Severe Long-Term Restrictions Resale UK Accounting Practice
This concept outlines the specific circumstances under which a subsidiary may be excluded from consolidation in a parent company's financial statements under the Financial Reporting Standard Applicable in the UK and Republic of Ireland. This ensures the financial statements provide a true and fair view.
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Definitions
International Financial Reporting Standard for Small and Medium-Sized Entities (IFRS for SMEs)
IFRS for SMEs International Accounting Standards Board Financial Reporting IFRS Simplification UK Accounting Practice Small and Medium-Sized Entities (SMEs)
The IFRS for SMEs, issued by the International Accounting Standards Board in 2009, simplifies the core principles of full IFRS to suit smaller, non-listed companies.
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