Cash-generating unit and Code of practice: Difference between pages

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''IAS 36 - impairment of assets''
1.


(CGU).
Relevant published and authoritative guidance not having direct legal effect.


The CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Codes of practice are not statements of law and there is no direct penalty for failing to comply with them, but courts and tribunals will take any relevant codes of practice into account when making legal decisions.
 
Sometimes known as codes of conduct.
 
 
2. ''Pensions''.
 
In the pensions context Code of Practice is a document issued by the UK Pensions Regulator providing practical guidelines on the requirements of pensions legislation and setting out standards of conduct and practice expected of those who must meet these requirements.




==See also==
==See also==
* [[Cash flow]]
* [[ACT Ethical Code]]
*[[IAS 36]]
* [[Code]]
*[[Impairment]]
* [[Code of conduct]]
*[[Strategic business unit]]
* [[Ethics]]
* [[Good practice]]
* [[Guidance]]
* [[Technical provisions]]
* [[Pensions Regulator]]
* [[UK Corporate Governance Code]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Ethics_and_corporate_governance]]
[[Category:Compliance_and_audit]]
[[Category:Cash_management]]

Revision as of 15:00, 4 August 2018

1.

Relevant published and authoritative guidance not having direct legal effect.

Codes of practice are not statements of law and there is no direct penalty for failing to comply with them, but courts and tribunals will take any relevant codes of practice into account when making legal decisions.

Sometimes known as codes of conduct.


2. Pensions.

In the pensions context Code of Practice is a document issued by the UK Pensions Regulator providing practical guidelines on the requirements of pensions legislation and setting out standards of conduct and practice expected of those who must meet these requirements.


See also