Bloomsbury Professional's Company Law Guide 2017


By: Thomas B. Courtney, Úna Curtis
Published: 26-10-2017
Format: Paperback
Edition: 1st
Extent: 384
ISBN: 9781526505248

The Companies (Accounting) Act 2017 makes over 100 changes to the Companies Act 2014. Taken with the Companies (Amendment) Act 2017 and the Beneficial Ownership Regulations 2016, they have introduced significant changes to company and accounting law and practice. This book will explain and contextualise the many changes for legal and accounting practitioners.

Key areas covered by the book include:

* the new four-fold classification of companies for accounting purposes;
* micro companies - the new regime;
* consolidation of financial statements - key changes;
* disclosures in financial statements - key changes;
* the new rules regarding payments to governments;
* the shrinking exemption from filing financial statements for unlimited companies;
* changes to the definition of "external companies";
* changes to the s 357 guarantee;
* a comprehensive round-up of the non-accounting amendments to the Companies Act 2014; and
* the obligations imposed on relevant entities and beneficial owners by the European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2016

The chapters in this book comprise expanded versions of the papers given in Bloomsbury Professional's Companies (Accounting) Act 2017 & Beneficial Ownership Regulations seminar (October 2017).
Table Of Contents
Chapter 1 Overview of the Companies (Accounting) Act 2017
Chapter 2 The Four-Fold Classification of Companies for Accounting Purposes
Chapter 3 The New Financial Reporting Regime for Small Companies
Chapter 4 The New Financial Reporting Regime for Micro Companies
Chapter 5 Unlimited Companies: Changes to the Exemption from Filing Financial Statements
Chapter 6 The New Definition of External Company and the Consequences
Chapter 7 Key Changes to the Law on Consolidation of Financial Statements
Chapter 8 Key Changes to the Disclosures in Financial Statements of Medium and Large Companies
Chapter 9 Changes to the Section 357 Guarantee
Chapter 10 The New Rules Regarding Payments to Governments
Chapter 11 Miscellany of Amendments to the Companies Act 2014
Chapter 12 The Beneficial Ownership Regulations
Appendix A: Schedule 5 to the Companies Act 2014
Appendix B: Schedule 3A.10 – Applicable formats
Appendix C: Small Companies Regime
Appendix D: Comparison of Schedules 3, 3A and 3B
Appendix E: Comparison of Schedules 4 and 4A
Appendix F: Definition of Subsidiary
Appendix G: Extract from Application Guidance on IFRS 10 regarding identifying an agent
Appendix H: Sample Beneficial Ownership Register
Appendix I: Sample Regulation 6 Notice
Appendix J: Sample Regulation 8 Notice
Appendix K: Sample Regulation 10 Notice
Appendix L: European Union (Anti-Money Laundering: Beneficial Ownership of Corporate Entities) Regulations 2016