The UK Balance Sheet

1987 ◽  
Vol 11 (9) ◽  
pp. 26-33
Author(s):  
GEOFFREY DICKS ◽  
MELANIE ROBERTS
Keyword(s):  
Balance Sheet ◽  
The Uk

scholarly journals Unwinding: A Tale of Corridors and Floors

2017 ◽  
Vol 241 ◽  
pp. R70-R73 ◽  
Author(s):  
Roger E.A. Farmer
Keyword(s):  
Monetary Policy ◽  
Balance Sheet ◽  
Central Banking ◽  
2008 Financial Crisis ◽  
Policy Makers ◽  
Monetary Policy Committee ◽  
The 2008 Financial Crisis ◽  
The Interest Rate ◽  
The Stability ◽  
The Uk

I discuss six tools available to monetary policy makers. Three of these have been used since the inception of central banking. Three are new and were introduced in the aftermath of the 2008 financial crisis. I argue that, when the UK Monetary Policy Committee raises the interest rate, it should maintain a large balance sheet that consists of both risky and safe assets. Further, the Bank should trade the risk composition of its balance sheet to promote the stability of asset prices.

IFRS Adoption in the EU and the Challenge of Nomenclature Evidence from the UK, France, and Germany

2016 ◽  
pp. 134-143
Author(s):  
Matthias Nnadi ◽  
Sailesh Tanna
Keyword(s):  
Financial Reporting ◽  
Balance Sheet ◽  
Financial Statements ◽  
Stock Exchanges ◽  
The European Union ◽  
Consolidated Financial Statements ◽  
Financial Reporting Standards ◽  
Ifrs Adoption ◽  
The Uk ◽  
The Eu

Since the adoption of International Financial Reporting Standards (IFRS) and the subsequent directive by the European Union (EU), all companies operating in the EU are required to report their consolidated financial statements in line with the IFRS. This study examines the consolidated financial statements of the top 170 listed companies in three major EU stock exchanges (UK, France and Germany) and uncovered a disparity in the use of common nomenclatures. The findings reveal that the inconsistencies in the application of terminologies such as statement of financial position instead of balance sheet and sequence of arrangement of assets in order of liquidity constitute the main differences for entities operating in the three countries. Such differences pose an imminent challenge in the comparability and interpretation of financial results.

scholarly journals United Kingdom

2020 ◽  
Vol 20 (320) ◽  
Author(s):  
Keyword(s):  
Banking Sector ◽  
Small And Medium Enterprises ◽  
Current Account Deficit ◽  
Balance Sheet ◽  
Balance Sheets ◽  
Global Pandemic ◽  
Near Term ◽  
The Uk ◽  
Medium Enterprises ◽  
Second Wave

The UK entered 2020 negotiating a new economic relationship with the EU and facing other challenges, including meeting climate targets, dealing with an aging population, and reinvigorating tepid productivity growth. Growth and investment had been weak since the 2016 referendum, and the current account deficit elevated, but unemployment was low, inflation on target, and balance sheets strong. The global pandemic hit the UK hard in March, and the country now faces a second wave. The economic impact has been severe, but helped by an aggressive policy response, jobs have been preserved, businesses kept afloat, and banking sector losses contained. Still, the outlook for the near term is weak, as the economy works through the second wave, Brexit, rising unemployment, and corporate distress. Risks are overall to the downside, centering on the degree of balance sheet damage sustained by households and small and medium enterprises. The pace at which vaccines are able to bring the pandemic under control could be an important mitigating factor.

A Comparison of Balance Sheet Structures in Major EU Countries

2002 ◽  
Vol 180 ◽  
pp. 83-95 ◽  
Author(s):  
Joseph P. Byrne ◽  
E. Philip Davis
Keyword(s):  
Balance Sheet ◽  
Financial System ◽  
Financial Structure ◽  
European Countries ◽  
Eu Countries ◽  
The Uk

The UK is commonly viewed as having a ‘market oriented’ financial system, in contrast to other European countries which are seen as ‘bank dominated’. In the light of this supposition, we investigate sectoral balance sheet data for evidence of differences in financial structure between the UK and other major EU countries. It is found that the UK has much in common with Continental countries, in particular France, and they are themselves markedly heterogeneous. There is also some evidence of convergence towards a more market-oriented financial system, even in the most bank-dominated economy, Germany.

scholarly journals Accounting for goodwill in the context of the usefulness of financial statements

2020 ◽  
Vol 109 (165) ◽  
pp. 11-32
Author(s):  
Maciej Gierusz
Keyword(s):  
Financial Reporting ◽  
Balance Sheet ◽  
Financial Statements ◽  
Business Logic ◽  
Clear Trend ◽  
Good Will ◽  
The Usa ◽  
Useful Life ◽  
The Uk

Purpose: Accounting for goodwill is one of the most controversial areas of financial reporting. For dec-ades, it has been subject to numerous changes, including options from writing it off to equity to keeping it permanently at cost. In the author’s opinion, this instability of the accounting approach results from an insufficient understanding of the economic essence of goodwill. There is a conflict between accounting regulations, where there is a clear trend to extend its useful life, and business logic, which defines good-will as an unstable and constantly evolving network of relationships between resources. The aim of this article is to analyze if the present accounting treatment of this item correctly reflects its economic es-sence. Methodology/approach: Research was carried out based on data obtained directly from the finan-cial statements of the top twenty listed entities in Poland, the UK, the USA, and Germany. Findings: Appropriate ratios have been calculated to substantiate the view that the entities take advantage of ac-counting regulations and, in practice, useful life ranges from 20 to over 100 years, depending on the country. Originality/value: Research has proven that the present accounting treatment in terms of recog-nition and measurement of goodwill is not in line with the economic essence of this balance sheet item.

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