What is SSAP in accounting?
What is SSAP in accounting?
SSAP, or Statements of Standard Accounting Practice, are edicts by which trading companies that are listed on the stock market must adhere to when constructing their financial reports. They form part of the Generally Accepted Accounting Practice, or GAAP, which is statutory in the United Kingdom through the Taxes Acts.
What does SSAP stand for?
SSAP
| Acronym | Definition |
|---|---|
| SSAP | Statistical Signal and Array Processing |
| SSAP | Software Security Assurance Program |
| SSAP | Session Service Access Point |
| SSAP | Space Systems Acquisition Policy (US DoD) |
What is FRS 18?
FRS 18, Accounting policies sets out the principles to be followed in selecting accounting policies and the disclosures needed to help users to understand the accounting policies adopted and how they have been implemented.
When did the Accounting Standards Committee issue SSAP 2?
Have your say and let’s enjoy the topic together. ME: SSAP 2 was issued by the Accounting Standards Committee in 1971 and it defined four fundamental accounting concepts, namely; the going concern concept, the accruals concept, the consistency concept and the prudence concept. Tags: Share this content Leave a comment
What is statement of standard accounting policies 2?
Today we are discussing the Statement of Standard Accounting Policies 2, ‘Disclosure of accounting policies’. Have your say and let’s enjoy the topic together.
Where to find GAAP guidance for statutory accounting?
The GAAP guidance can be 1) adopted; 2) adopted with modification; or 3) rejected for statutory accounting. Information regarding the decision for GAAP guidance can be found in the various SSAPs (Statements of Statutory Accounting Principles) and collectively in Appendix D – GAAP Cross-reference to SAP.
Where can I get a copy of SSAP 5?
SSAP 5: Accounting for value added tax. Full-text standard. There is no free, online version of the standard available. A copy of the standard as issued in April 1974 is available from the Library. Please contact us by phone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at [email protected] for more information.