{"product_id":"9781526508973","title":"Practical Pension Scheme Accounting","description":"\u003cstrong\u003ePractical Pension Scheme Accounting\u003c\/strong\u003e\u003cbr\u003e\u003cb\u003eAuthor(s): Shona Harvie, Joanne Scriven, Phil Spary\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cp\u003ePension scheme accounts are prepared following the guidance laid out in the Pensions Statement of Recommended Practice (SORP) issued by the Pensions Research Advisory Group (PRAG). A revised version of the SORP was issued in 2018 in line with recent revisions to FRS 102 and other minor regulatory updates. The revised  SORP is applicable for periods beginning 1 January 2019, and the new edition of this title reflects these changes.\u003cbr\u003e\u003cbr\u003eStarting from the trial balance, the book explains what information is needed to prepare the Financial\u003cbr\u003eStatements and how to go about compiling the Annual Report.\u003cbr\u003e\u003cbr\u003eWritten in a user friendly style,it provides practical guidance on the  requirements introduced by the SORP, providing examples and options on the approach to the requirements, ranging from the minimum disclosures, to additional disclosures that could be considered in relation to the investment risk and investment hierarchy disclosures.\u003cbr\u003e\u003cbr\u003eThe revised commentary reflects a number of changes to the SORP including: \u003cbr\u003e\u003cbr\u003e\u003cbr\u003e - The fair value hierarchy disclosure has been amended. \u003cbr\u003e\u003cbr\u003e - Clarification that the 5% concentration disclosure includes investment holdings in pooled investment vehicles\u003cbr\u003e\u003cbr\u003e - Full comparatives are required for all figures within the financial statements, unless stated otherwise\u003cbr\u003e\u003cbr\u003eDisclosures are required where there are significant benefits pending at the year-end\u003cbr\u003e\u003cbr\u003eClarification for the position with regard to the requirements for small schemes. It was felt that differing requirements for small and large schemes would be discriminatory against small scheme members, consequently the SORP does not include any exemptions for small schemes as allowed under FRS 102.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eISBN:  9781526508973\u003cbr\u003e\u003cbr\u003e ","brand":"Bloomsbury Professional","offers":[{"title":"Paperback \/ softback","offer_id":40722342543566,"sku":"9781526508973","price":160.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0600\/7029\/7806\/products\/getimage_7eb9c409-b5c8-472c-a331-ec620e44c6a0.jpg?v=1641104403","url":"https:\/\/pickwickbookshop.com\/products\/9781526508973","provider":"Pickwick Bookshop","version":"1.0","type":"link"}