Changes to UK GAAP: initial application

Event information

This webinar will provide a concise overview of the recent amendments, with a particular emphasis on the initial application. Participants will gain insight into the transitional reliefs and practical expedients available, as well as the updated disclosure and presentation requirements. Real-world examples will be used to illustrate how the revised standards apply in practice.

Led by expert speakers, the session will guide you through the practical implications of initial application, including how to interpret transitional provisions, manage disclosures, and assess the financial impact. We’ll also explore common challenges and walkthrough examples to help you navigate the new landscape with confidence.

Attendees will also have the opportunity to engage directly with the presenters during a dedicated Q&A segment.

Key benefits

• Understand the initial application requirements under revised UK GAAP, including treatment of existing arrangements and new contracts.
• Learn how to align your reporting with the updated framework.
• Access practical guidance on disclosures and learn tips to avoid common pitfalls during implementation.

About the speakers

Simone Taylor-Allkins, Technical Advisory Services Manager, ICAEW After qualifying with a top 20 firm, Simone moved to Grant Thornton and worked with a diverse portfolio of manager owned business’ in a varied role covering both audit engagements and management accountancy engagements. After 18 months in the audit and assurance team, she transferred to their national training centre in High Wycombe to train audit trainees for the firm. From 2007 to 2010, she decided to apply her skills to the education of non-financial managers working as a freelance finance trainer for worldwide blue-chip companies. This eventually led her back to her technical roots in July 2010, joining the ICAEW Technical Advisory Service, helping fellow chartered accountants make sense of accountancy, audit, company law, anti-money laundering and ethical regulations.

Louise Hartley, Professional Consultant, ICAEW Louise is a professional consultant within ICAEW’s Technical Advisory Service team, assisting members with technical, ethical and AML queries. Prior to this, Louise was a member of an internal technical team at a mid-tier firm primarily supporting audit teams with audit and accounting issues. Louise has around 15 years of experience providing technical support, including supporting transition to FRS 102 and the application of the Triennial Review, as well as transition to IFRS. 16 Leases.

CPD hours

ICAEW's revised Continuing Professional Development (CPD) Regulations bring in new CPD requirements. This includes a minimum number of hours and an ethics requirement. Attending this webinar could contribute up to 1hr of verifiable CPD, providing you can demonstrate that the content is relevant to your role.

A copy of the webinar booking confirmation email is accepted as evidence of verifiable CPD. You will need to save the email as a JPEG or PDF before uploading it to your record. Click here to use ICAEW’s self-assessment tool to help you work out how much CPD you will need to fulfil each year.

Costs

ICAEW members and non-members are welcome to join. This webinar is organised by the Corporate Reporting Faculty. Please click here to join online.