Financial reporting quarterly update Q3

The preparation of financial statements and annual statutory accounts is a constant part of an accountant's role – especially those working for a small business or advising them. Keep up to date with the changes in financial reporting requirements as well as any small changes in the accounting treatment of many differing areas by registering for these quarterly updates.

The majority this course will concentrate on reminding participants about how to account for issues they might not come across every day, or where they have a historic misunderstanding of the required accounting treatments.

1 ANTI-MONEY LAUNDERING

· Dealing with false positives regarding PEPs
· Checking the validity of overseas passports
· SAR reports and the impact on risk assessments now and going forward

2 ACCOUNTING FOR PROVISIONS AND ACCRUALS

· Provision v Accrual v Adjustment to asset values
· When can bonuses and dividends can be accrued?
· Reminder on holiday pay
· Dilapidation provisions
· Redundancy provisions
· Deferred taxation
· Other provisions – Onerous contracts, rectification provisions, etc.
· Differences between FRS 102 and FRS 105

3 FINANCE LEASE V OPERATING LEASES

· Definition
· Accounting treatments (especially the allocation of interest)
· Quick reminder about potential future changes
· Differences between FRS 102 and FRS 105

4 PREPARING ACCOUNTS ON THE BREAK-UP BASIS

· When does a company cease to be a going concern
· Impact on financial reporting
· Impact on disclosure
· Impact on the accountant’s report
· Wrongful v Fraudulent Trading
· Differences between FRS 102 and FRS 105

5 POT POURI

· ‘Trip’ clauses in letting agents’ contracts
· Additional information requirement when submitting an R&D tax claim

Date: Wednesday 20 September 2023
Time: 10am - 12pm
CPD hours: 2
Price:
IFA members - £55
Non-members - £70

Interested in all 4? Why not purchase our 2023 Financial reporting quarterly update webinars at a discounted bundle offer of £198 for all IFA members. Click here for more information.  

About the speaker 

Matthew Shaw is the Managing Director of Metis Compliance Limited. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a Fellow of the Association of Chartered Certified Accountants.

He has spent over 23 years in technical and training, previously being the technical director of the HAT Group of Accountants (HAT).

Matthew has lectured to accountants in practice, accountants in industry and financial institutions on UK financial reporting. He also spearheaded HAT’s response to FRS 102 and FRS 102 Section 1A, preparing disclosure checklists and work programmes.