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25 September 2008
Financial reporting Update Conference Brochure
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Financial Reporting Update

a summary of recent and expected
changes in UK and international
financial reporting

25 September 2008 • LONDON

FEE £560 +VAT (£658.00)

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This one-day conference will provide a comprehensive update
on the major changes that have occurred in the last few years in both UK and international financial reporting. The changes impacting on financial reporting included in the Companies Act 2006 will also be covered as well as a consideration of expected future changes.

 

TIMETABLE:

09:10 Registration and Coffee • 11:00 Coffee • 12:45 Lunch • 15:15 Tea • 17:00 Conference Close

session one (09:30-11:00)

UK GAAP Update

Chris Nobes BA, PhD, FCCA

Despite the move to IFRS for consolidated reporting by listed groups, the majority of UK statutory financial statements still use UK GAAP. This session examines all the major changes to UK accounting rules introduced in the last few years. It starts with FRS 20 (share-based payments) and looks at all the UK standards issued since then. Forthcoming changes, driven by IFRS convergence, are also examined.

  • The survival of UK GAAP - ASB plans
  • Legal position of UK GAAP and IFRS
  • Main differences from IFRS
  • Content of standards from FRS 20 onwards

session two (11.15-12.45)

IFRS Update

Chris Nobes BA, PhD, FCCA

This session looks at the recent and expected changes to International Financial Reporting Standards. A number of new or amended standards are available for 2008 and compulsory for 2009. The process of EU adoption and the acceptance of IFRS in the USA are examined.

  • Acceptance or requirement for IFRS in EU and USA
  • Amended IAS 1
  • Amended IFRS 3
  • 'Improvements' of 2008
  • New SME standard
  • Other recent changes

session three (13.45-15.15)

The Companies Act and Financial Reporting

Michael Griffiths LLM, ACIArb

The Companies Act 2006 makes many changes to many aspects of the financial function of companies. This session will examine the more important of these changes.

  • Accounting records
  • The financial year
  • Approval of accounts
  • The directors' report
  • The remuneration report
  • Publication of accounts
  • Changes regarding auditors
  • The Transparency Directive and its implementation
  • Changes to share capital

session four (15.30-17.00)

The Future of Financial Reporting

Chris Nobes BA, PhD, FCCA

The IASB has issued a series of new and amended standards that are compulsory for 2009 onwards. Many other projects have been in progress, often jointly with the FASB. This session examines the expected changes of the near future.

  • Lease accounting
  • Revenue recognition
  • Performance reporting
  • Other proposals
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ACCOMODATION: The programme is non-residential but there are several hotels in the area. Delegates may take advantage of special rates at the Novotel London St Pancras Hotel and the Holiday Inn Bloomsbury – further details available on request.

 

VENUE : The summer schools will be held in our purpose-designed training centre in Tavistock House, Tavistock Square, London WC1, in the heart of Bloomsbury and close to the University of London and the British Museum.
The programme is non-residential but there are several hotels in the area. Delegates may take advantage of special rates at the Novotel London St Pancras Hotel and the Holiday Inn Bloomsbury  –  further details available on request.

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Telephone: +44 (0)20 7388 2044  Fax: +44 (0)20 7380 0377  E-mail: courses@quorumtraining.co.uk
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