Accounting standards update

This event was recorded on 17 April 2025

Overview

UK and Ireland accounting standards have been subject to significant changes as part of the FRC’s periodic review. These changes will affect all reporting entities, some more than others. This one-day accounting standards update will look at the technical detail of the periodic review amendments, in particular:

• On-balance sheet lease accounting for lessees
• The new revenue recognition rules
• The new disclosure requirements for small entities in the UK
• Other amendments made, such as in respect of taxation

The course will also examine the new disclosure requirements in the cash flow statement in respect of supplier finance arrangements.

In addition, the course will focus on challenging technical areas identified by ACCA, such as:

• Deferred tax
• Property revaluations
• Directors’ transactions
• Amortised cost method for financial instruments

Current issues, such as the increase in company size thresholds, audit exemption thresholds and Companies House reforms will also be examined.

Who should attend:

This update is suitable for accountants in practice or industry and will apply to both small and large companies.

Steve Collings

Steve Collings FCCA is a director at Leavitt Walmsley Associates Ltd, a firm of Chartered Certified Accountants based in Sale, Cheshire where he trained and qualified.

Steve specialises in financial reporting (UK GAAP and IFRS), auditing and solicitors’ accounts rules and has lectured extensively to professional accountants in the UK and overseas (most recently in the Caribbean on IFRS and auditing).

Steve is the author of several books on accounting and audit-related issues and has been the author of many articles and whitepapers on financial reporting and auditing topics. He writes extensively for ACCA working closely with our technical advisory department to produce some of our authoritative technical factsheets on financial reporting and audit-related issues for our members. Steve has been awarded Accounting Technician of the Year at the British Accountancy Awards as well as receiving Outstanding Contribution to the Accountancy Profession award.

Steve is on the UK GAAP Advisory Panel at the Financial Reporting Council which has input into the development of UK and Irish accounting standards.

6 CPD units

1 hour of learning = 1 unit of CPD.

ACCA members can use this learning to meet their CPD requirements provided it is relevant to their career. If the event contributes to general knowledge and skills, it should be recorded as non-verifiable CPD. If the learning can be applied in the workplace, it will contribute to verifiable CPD.

Fee: 133 GBP + VAT (150 GBP) per delegate

Upon completing registration, you will gain exclusive access to this recorded event for up to 12 months. Additionally, course handout materials will be available for download from your document library at https://events.accaglobal.com

This event is organised by ACCA UK Continuous Learning Team.

If you have any queries regarding this event please contact us on: