Financial reporting: core concepts and common challenges
Build advanced technical accounting skills with this practical e-learning course covering leases, revenue recognition, financial instruments and deferred tax.
Course Type
E-learning
Length
60 minutes
What you’ll achieve
- Apply accounting requirements for leases, revenue, financial instruments and deferred tax
- Navigate complex accounting areas including incentives, royalties and variable consideration
- Identify and resolve common technical accounting challenges in practice
- Interpret updated disclosure requirements under UK and Ireland GAAP
- Strengthen technical expertise to support compliance and informed decision-making
About this course
Accounting standards continue to evolve, creating increasing complexity for finance professionals who need to apply them accurately in practice. This essential e-learning course provides a practical, in-depth understanding of key areas including lease accounting, revenue recognition, financial instruments and deferred tax, with a strong focus on real-world application. Delivered in a clear, down-to-earth style, it combines up-to-date guidance with practical insights to help you navigate complex scenarios with confidence and apply your knowledge directly to support high-quality financial reporting.
- Finance directors, finance managers and company accountants
- Finance assistants and those progressing in accounting roles
- AAT professional members (MAAT, FMAAT) and Licensed Accountants/Bookkeepers
- Professionals seeking to deepen their technical accounting knowledge
Overview
E-learning |
|
60 minutes |
|
Accounting standards, Financial Management |
Syllabus
Lease accounting
- Who is affected by the new lease accounting requirements
- Core accounting requirements and treatment changes
- Specific issues such as month-to-month leases, related party leases, lease incentives and discount rates
- Transition considerations and practical challenges
Revenue recognition
- Understanding the five-step revenue recognition model
- Identifying revenue contracts
- Handling complex areas including non-refundable upfront fees, royalties and variable consideration
- Step-by-step application of revenue recognition in practice
Financial instruments
- Identifying when a financial instrument exists
- Applying the amortised cost method
- Accounting for impairment of financial instruments
- Managing changes to loan terms and financial arrangements
Deferred tax
- Understanding why deferred tax is recognised
- Calculating deferred tax using enacted or substantively enacted rates
- Treatment of revalued assets and investment property
- Updated disclosure requirements for small entities under UK and Ireland GAAP
How to access
Once purchased you will be able to access the AAT Learning Portal where you'll have 12 months from the date you access the learning materials. AAT Learning Portal allows you to view all the courses you’ve purchased in one place, monitor your latest training activity and create goals to help you achieve your training aims.
