The main objective of this essay is to present a comparative study of the accounting system in Portugal and the United Kingdom. It will seek to establish the core differences between their accounting standards, explaining the core issues and eventually the causes of these differences.

This piece of research will cover a detailed view of defined benefit schemes, the problem and risks associated with them, the problem of underfunding, how the pension is calculated under the schemes, and finally what measures can be taken to overcome the risks associated with these schemes.

UK GAAP SSAP 13 Accounting used for research and development explores and differentiate activities that come with the recognition of R&D activities, such as applied research, pure research along with development

The report provides accounting information about Selfridges, a UK-based retailer, and its comparison with other multinational companies.

The fair value measurement is an approach that takes into account the characteristics of liability or asset.