What's New in UK Financial Reporting?

This course looks at the ‘hot topics’ in UK financial reporting, for example phased convergence with international accounting standards (IAS) has stalled and a ‘big bang’ approach is being advocated by the ASB. An international standard for small and medium-sized entities will be finalised this year, and the UK must decide whether to adopt this standard. The accounting requirements of the Companies Act 2006 will be finalised this year also.

WHAT WILL I GET OUT OF IT?
• coverage of any recently issued exposure drafts, standards, statements and UITF abstracts
• understanding of the latest ASB proposals on convergence with international accounting standards.

KEY FEATURES
• final thoughts on revenue recognition and latest developments in cost recognition following the demise of ‘customary accounting practice’
• the international standard for SMEs – will it replace the FRSSE?
• accounting requirements of the Companies Act 2006
• latest review panel and professional oversight board reports
• latest technical guidance from professional bodies.

WHO SHOULD ATTEND?
Accountants involved in financial reporting.

LECTURER
Guy Loveday BSc (Econ) FCA, Partner, The Professional Training Partnership