Presented in association with

Accounting and Finance

Financial Accounting and Reporting

UK GAAP UPDATE

Recent years have seen significant changes in UK financial reporting, driven by both the need to harmonise with International Accounting Standards and increasingly complex business transactions.

This course will provide an update on recently issued Financial Reporting Standards and Exposure Drafts. It will examine in detail both the technical content and practical implementation issues. Examples of disclosure requirements will also be given.

This course is aimed at financial accountants and controllers who prepare statutory accounts under UK GAAP and who need to update their knowledge for changes that have occurred in financial reporting over the past two years.

Programme

INTRODUCTION

• The ASB current programme
  
• International harmonisation

RECENT FINANCIAL REPORTING STANDARDS

• FRS 17 – Retirement benefits
• FRS 20 – Share based payments
• FRS 21 – Events after the balance sheet date
• FRS 22 – Earnings per share
• FRS 23 – The effects of changes in foreign exchange rates
• FRS 25 – Financial instruments - disclosure and presentation
• FRS 26 – Financial instruments - measurement
• FRS 28 – Corresponding amounts
• FRS 29 – Financial instruments – disclosure
• RS 1 – Operating and financial review
• RS 2 – Retirement benefits

RECENT EXPOSURE DRAFTS

• FRED 25 – Related party disclosures
• FRED 28 – Inventories/construction and service contracts
• FRED 29 – Property, plant and equipment
• FRED 32 – Disposal of non current assets and presentation of discontinued operations
• FRED 36 – Business combinations
• FRED 37 – Intangible assets
• FRED 38 – Impairment of assets
• FRED 39 – Amendments to FRS 12 and FRS 17

SPEAKER

Alison Hennell BSc, ACA
Consultant, Finance into Focus

13 March 2008	£520 + VAT
30 September 2008	£520 + VAT

1 day course 09.30-17.00

UK GAAP Update