Accountancy in the United Kingdom is rather different to accountancy in the U.S.A.. In the main, these differences are due to the increased number of regulatory accounting standards in the United Kingdom when compared to the US. It is also incredibly important to comprehend that there are a fair few differences between accounting laws in Scotland and accounting laws in England and Wales and qualified accountants must sit more exams to allow them to practice in another country other than the one in which they sat their exams.

US accountants must follow the Generally Accepted Accounting Principles (GAAP) from the Financial Accounting Standards Board. Accountants in the United Kingdom are somewhat more complex in that they are required to follow various guidelines. Because the United Kingdom is in the EU, accounting comes under the IFRS ( International Financial Reporting Standards). These standards were written to enable the easy comparison of published accounts either year by year or from company to company, the also made the previous rules much simpler.

To make things even more complex is the requirement to adhere United Kingdom laws, including, the Companies Act 1985, 1989 and 2006, and including other lesser statutes. It is relatively easy to learn about accountancy practices in various parts of the world using the Internet, however you really should take enormous care to make sure the accuracy of the facts given. Wherever possible check laws using official government sites.

The above is a short introduction to United Kingdom accounting. If you believe you know more about the topic why not write about it or why not start a blog. Many of folk are blogging and starting your own is surprisingly easy. Bloggers do not even need to be concerned about design aspects of their blog as there are many websites offering lots of different free themes for Wordpress including those created by Free Website Templates 4U. Bloggers can view their latest Wordpress themes at their own blog at http://freewordpressthemes.freewebsitetemplates4u.com/