Financial reporting (March)
Timings: 09.30-16.00 (UK time)
AAT Masterclass: Update your knowledge on accounting standards and stay ahead of upcoming changes in 2025.
Additional winter sale discount for FMAAT members: From £85 (Non-members £132)
You will be redirected to an external site for booking.
Course Type
Live online course
Date
20 Mar 2025, 09.30
Length
1 day
What you’ll achieve
- Understand the latest changes from the FRC (financial reporting council, required to produce accurate and compliant financial statements
- Gain updated knowledge on accounting standards
- Stay updated on regulations and industry best practices
- This course will help ensure accurate and compliant financial reporting.
About this course
This one-day masterclass on financial reporting will look at the most recent developments in UK and Ireland GAAP and cover some of the more challenging technical areas.
UK and Ireland GAAP is about to experience some significant changes due to the FRC’s periodic review. All AAT Licensed Accountants and members dealing with the preparation of financial statements under UK and Ireland GAAP will need to be aware of these changes to be able to advise clients and company directors correctly.
Whether you are working in practice, producing financial statements for clients or working within a finance team with responsibility for internal financial reporting, this course is ideal for you.
With numerous changes currently being proposed by the FRC there’s no better time to ensure your completely up to date on accounting standards.
Meet the Speaker(s)
Steve Collings
Steve Collings
Steve Collings, FMAAT FCCA is the audit and technical partner at Leavitt Walmsley Associates Ltd where Steve trained and qualified. Steve became a member of the Association of Accounting Technicians in 2001 and qualified as a Chartered Certified Accountant in 2005. In 2010 Steve became a Fellow of the Association of Chartered Certified Accountants.
Read moreOverview
Live online course |
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1 day |
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Financial statements |
Syllabus
Financial reporting is changing in 2025 and 2026 and it is important that everyone involved in the preparation of financial statements under UK and Ireland accounting standards understands the changes that are taking place.
Clients will need to understand the impact the changes will have on financial statements and lenders may need to be notified of the impacts as well, especially where debt covenants are in place.
This one-day Masterclass will examine the changes that are on the horizon, in particular:
- Changes to the company size thresholds
- FRC periodic review amendments (with emphasis on the new lease accounting provisions and revenue recognition requirements)
- Differences between FRS 102 and FRS 105
- Technical accounting areas, including:
- The amortised cost method for measuring financial instruments
- Going concern and the revised guidance issued by the FRC
- Government grants
- Disclosure problems in the financial statements (with a focus on small entities as well)
Comprehensive course notes will be provided which reflect all the latest developments.
How to access
Purchase securely online, and we’ll send you further instructions and your receipt explaining how to access the training ready for the live training.
Meet the sponsor: Xero
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Join over 200,000 accountants and bookkeepers using Xero in their practice