1 day (6 CPD Hours)
Who will benefit?
All those responsible for preparing, auditing, analysing and explaining financial statements prepared in accordance with International Accounting Standards and UK Generally Accepted Accounting Principles, including individuals acting as:
• Finance director;
• Financial controller;
• Financial accountant;
• Audit partner;
• Audit manger;
• Investment analyst.
How will you benefit?
This course will provide an update on recent developments affecting both UK and International accounting standards. The precise content will be determined by progress in implementing the IASB programme and adopting it in the UK but will cover recently published and implemented standards and exposure drafts.
The course will ensure delegates:
• Appreciate the key features of new statements international and UK standards
• Be clear about the differences between current and old requirements
• Understand how the impact of new requirements;
• Be aware of the implementation timetable and any differences between international and UK requirements;
• Know how to apply any transitional provisions in the new statements
What does the course cover?
Although the content will be shaped by events it is likely to cover:
• The ASB harmonisation programme with international standards
• Changes in the legislative framework for financial reporting including accounting provisions of the Company Law Reform legislation and EC Regulations and Directives
• The current programme of the IASB including
o Presentation of financial statements and reporting performance
o Business combinations
o Consolidations
o Fair value measurement guidance
o Liabilities and equity distinctions
o Post retirement benefits
o Revenue recognition
• Changes to standards arising from the IASB / FASB convergence Roadmap including
o Impairment
o Income tax
o Investment properties
o Subsequent events
o Research and development
o Government grants
o Segmental reporting
• Operating and financial reviews and management commentary
• Requirements for unlisted companies including adoption of the International SME standard and changes to the FRSSE
• Key UITF and IFRIC statements
• The work and recent findings of the Financial Reporting Review Panel
List of events
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