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2023: UK GAAP update

Available

Virtual
All Locations
Financial reporting
Jan
1
Sun
-
Dec
31
Sun
09:30
-
PM
12:30GMT
Schedule Description: UK GAAP update - this session considers the impact of the proposed changes.
Description
The FRC have issued draft FRED 82 which proposes a number of significant changes to UK GAAP. This session considers the impact of the proposed changes on UK GAAP preparers.
Please choose from the dates below to view more details.
2023: UK GAAP update
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UK GAAP update

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The FRC have promised to limit significant changes to periodic reviews. The first review was relatively limited in scope as we were still adjusting to the new framework. This review is much more far reaching, taking on board two of the biggest changes to IFRS in recent times – lease accounting and revenue recognition as well as other improvements and clarifications.

FRED 82 proposes bringing these significant adjustments into UK GAAP in a proportionate manner. There is a proposed adoption date of January 2025. Based on experience of these changes to IFRS reporters, preparers would be well advised to consider the potential implications much sooner.

This course will take you through the key changes in the proposals and provide an opportunity to consider the potential implications. It will provide practical insight from the experience of IFRS preparers.

Learning outcomes:

  • Awareness of the proposed changes in FRED 82
  • Discussion of the potential implications
  • Practical examples and lessons learnt from the experience of IFRS reporters

Who should attend?

Appropriate for all levels of finance professionals looking to keep up to date with developments in UK GAAP.

Course enquiries

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  • Walk through of the proposed changes
  • Discussion of the potential implications
  • Discussion of practical issues and questions
  • Considerations of practical examples

This course is for:

Capability Framework

What is a virtual classroom?

A virtual classroom provides the same great learning experience as other ICAEW training, except one difference, you can learn from your desk.

Being delivered online makes it so much easier to access in a busy working week and would definitively recommend this type of training. The breakout rooms work really well to allow you to get to know the other participants and share experiences.

Virtual classroom delegate

The focus is on the learner and creating an enriching classroom experience that connects participants globally. Using video, learners can converse and interact with the trainer and other learners in real-time. Whiteboards, break-out sessions, polls, screen-sharing, and interactive Q&A create an immersive learning experience.

I think the virtual training format using Zoom, and the survey features, and break out rooms, really works great. I had no problems engaging with the facilitator and felt he listened to what we said, and kept the pace of the content moving steadily.

Virtual classroom delegate

Secure your place now and keep your skills and knowledge up-to-date.

How do I attend a virtual classroom?

Once you've booked your session, you will receive an email with your booking confirmation. The steps you will need to follow to attend your virtual classroom will arrive in a separate email closer to the date of your course.

Helen Kerrigan

Helen Kerrigan

Helen qualified as a Chartered Accountant with KPMG in 2001. During her time at KPMG, she audited clients in the retail sector, worked as a forensic accountant on an international project and enjoyed a secondment to Walmart’s commercial finance team, where she focused on budgeting and analysis.

On secondment to KPMG’s learning and development team Helen discovered a love of training and had the opportunity to develop her expertise in this area. Since 2001 her career has focused exclusively on training. Helen regularly trains accountants working towards chartered status in the big four as well as small and medium-sized firms. Her expertise in this area includes training for examinations in audit, financial reporting and advanced tax. Most recently for CPD sessions Helen has been focussing on the exciting topics of revenue recognition and lease accounting.

 

Rate Price
ICAEW Member £275 + VAT
Non-Member £375 + VAT

 

Our public course programme is deliberately structured to encourage delegates from different organisations to participate. However, if you have six or more delegates who require development in the same area, we are able to run a more cost-effective and much wider range of courses tailored specifically to your organisation.

Organisations will have the choice to run our in-house courses online or in-person. 

These are ideal for organisations seeking hassle-free, flexible and cost-effective training delivered to multiple delegates at your location of choice. Whether we use our existing materials or develop new content for your business, our expertise lies in translating your requirements into a pragmatic, interactive training programme highly relevant to your people and organisation.

To discuss in-house training for your business please email academy@icaew.com or contact us through our enquiry form

What our clients say

Excellent session - objectives met in that I have a better understanding of where I need to be more careful/go to the docs. Vivek tailored the message to the audience well - so flagged relevant risk factors for transaction deal / pricing mechanisms as a result of application of standards. Vivek was excellent – solid technical but also practical, good level of interactive exercise – thought provoking. The workshop gave me what I needed 

EY delegate, 2021

Course was tailored to show relevance towards the business. Facilitation was very knowledgeable and could provide many next world applications.Excellent level of detail, was relevant and there were good examples of application and better understanding.Facilitator was really engaging, course was relevant to MAG. This helped put a lot of things into context.

Manchester Airport Group delegate, 2021

 

 

 

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