Carrying amount and Corporate Reporting Council: Difference between pages

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''Financial reporting''
''UK accounting standards.''


The carrying amount of an asset is the amount at which the asset is recognised in the balance sheet after deducting accumulated depreciation and accumulated impairment losses.
The Corporate Reporting Council is the part of the Financial Reporting Council that is responsible for making, issuing, amending and withdrawing accounting standards.


Also known as the ''carrying value''.
The Corporate Reporting Council was formerly known as the Accounting Council.


(Before the Accounting Council, this role was previously undertaken by the Accounting Standards Board.)


== See also ==
 
* [[Balance sheet]]
==See also ==
* [[Depreciation]]
* [[Accounting standards]]
* [[Fixed assets]]
* [[Board for Actuarial Standards]]
* [[FRS 102]]
* [[Federal Accounting Standards Advisory Board]]
* [[Goodwill]]
* [[Financial Accounting Standards Board]]
* [[IAS 2]]
* [[Financial Reporting Council]]
* [[IAS 36]]
* [[Financial Reporting Standard]]
* [[IFRS 9]]
* [[Financial Reporting Standard for Smaller Entities]]
* [[Impaired loan]]
* [[Generally accepted accounting principles]]
* [[Impairment]]
* [[International Accounting Standards Board]]
* [[Net book value]]
* [[Statement of recommended practice]]
* [[Net realisable value]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 10:56, 3 April 2019

UK accounting standards.

The Corporate Reporting Council is the part of the Financial Reporting Council that is responsible for making, issuing, amending and withdrawing accounting standards.

The Corporate Reporting Council was formerly known as the Accounting Council.

(Before the Accounting Council, this role was previously undertaken by the Accounting Standards Board.)


See also