R E L A T E D C O N T E N T
ADVERTISEMENT
BAE Systems holds off on full IFRS restatement
Nicholas Neveling,
Accountancy Age 25 Feb 2005
Aerospace giant will wait for Q2 to release IFRS restatement
BAE Systems will wait until the second quarter before releasing a reconciliation of its 2004 UK GAAP accounts with IFRS.
Link: The eigth annual FTSE350 audit fees survey
After announcing profits of £1.01bn before goodwill amortisation and interest, the group revealed a detailed analysis of how IFRS would impact on its financial accounts without going a step further and providing a full restatement of its 2004 figures.
According to BAE Systems, IFRS is going to affect several of its accounting policies.
The company is going to have to change the way it accounts for post retirement benefit schemes and alter its accounting for long term contracts. The group's derivative financial instruments are also going to have to be accounted for differently and it will be required to include how it handles guarantees on certain commercial aircraft in its consolidated accounts for the first time
M A R K E T P L A C E
V-SOL: Supply Premium Vehicle Tracking Systems to MOD, TRansport for LONDON and EDF-CHANNEL RELEASE!
Expert Buyers is the UKs Leading No Savings No Fee IT Procurement Service. Claim your Free Audit Now
WAN based, automated, daily vulnerability assessments. Click here to try and request our whitepapers.
As recognised by the Accountancy Age Awards 2004, 2005 and 2006.
Online Time & Attendance Tracking
30 Day Free Trial ( $49 a year )
| Personnel 2000
The company provides comprehensive wealth management services to high net worth individuals and institutional clients. This position is based in the stunning Cayman Islands and will report directly to the Regional Director of Compliance. Responsibilities ...
more > | Personnel 2000
Actuary – Cayman Islands In this highly visible role the Actuary, reporting to the Deputy MD – Supervision, will ensure the integration of capital modeling into the risk management framework and will provide analytical support ...
more > | Personnel 2000
Applicants must hold a Bachelors Degree and a professional qualification (CA/CPA/CFA) with no less than 2 years experience gained in the hedge fund and mutual fund industry. Responsibilities include: • Managing brokerage account cash flows ...
more > | Personnel 2000
Candidates must hold a professional qualification (ACA/CA). JIEB or CPI designation would be a definite advantage. 1 to 2 years of experience gained with Big 4 firm or boutique insolvency/recovery firm. Experience dealing with fraud ...
more >
More
Jobs in Finance