Sch 7 para 97
In section 710 (other definitions)— (a) before the definition of “bank” insert— “ accounting policy ”, in relation to a company, means the principles, bases, conventions, rules and practices that the company applies in preparing and presenting its financial statements, (b) for the definition of “fair value accounting” substitute— “ fair value accounting ” means a basis of accounting under which— (a) assets and liabilities are measured in the company's balance sheet at their fair value, and (b) changes in the fair value of assets and liabilities are recognised as items of profit or loss, (c) omit the definition of “statement of comprehensive income”.