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Northern Society of Chartered Accountants

At the heart of northern business since 1882

Autumn Tax update

This course is specifically designed to meet the needs of practitioners with family and owner-managed business clients where good all-round tax advice is required.

An essential update for all practitioners and staff involved with clients affected by tax issues, as well as tax specialists. This course aims to keep your technical knowledge up to date to comply with the ever-changing regulatory environment.

Course information

The Government have changed the way in which tax law is being promulgated. We now get a Spring Statement with little tax content, an Autumn Budget in Mid November after consultations during the summer with further consultation with draft legislation before the Finance Bill being issued to allow greater scrutiny. We will need to monitor the progress of these changes but also keep abreast of recent tax cases and other tax developments that may impact on our clients. The course is intended not only to alert you to regulatory changes, but to highlight points which can be used in practice.

This course aims to cover the following topics:

  • Budget 2019, Spring Statement 2019
  • Practical implications of Finance Act 2019
  • Consultations etc resulting from the budgetary cycle, their ramifications
  • Future changes proposed elsewhere – such as MTD
  • Recent HMRC guidance
  • Recent Tax Tribunal and Higher Court decisions
  • VAT developments
Cost
Rate Cost
Price £75.00 + VAT
Retired Member £37.50 + VAT
Career Break Member £37.50 + VAT

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Solicitors’ Accounts Rules – Update

This course will be of benefit to anyone advising solicitors in practice, including those involved in the work of reporting accountants under Solicitors Regulatory Authority’s Accounts Rules.

The course will focus on the changes to the SRA’s Accounts Rules and the issues involved. It will ensure delegates are aware of the recent and anticipated changes in enough detail for them to be able to implement the changes as well as converse confidently with their clients about the changes and their impact.

Course information

We aim the course at those who are experienced in dealing with solicitor clients and acting as reporting accountants. At the end of the course, delegates can:

  • Appreciate the recent and expected changes made to the Rules
  • Demonstrate an awareness of the regulatory changes effecting solicitors in practice
  • Understand the commercial outlook for the legal profession.

Content
The exact content might change depending on technical issues that arise before the course, but we expect the material to include:

Introduction

  • Update on recent changes, including ICAEW authorisation of legal services
  • Changes to the SRA Accounts Rules, including:
    – the use of third-party-managed accounts
    – the Transparency Rules
  • Areas of risk
  • Solicitors and money laundering cases
  • Recent disciplinary cases involving Accountants and the Accounts Rules
  • Recent SAR Disciplinary Tribunal Cases
  • Other news and future changes to the Rules
  • Current performance and outlook for the sector
Cost
Rate Cost
Price £75.00 + VAT
Retired Member £37.50 + VAT
Career Break Member £37.50 + VAT

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The Compliant Practitioner

This course will be of benefit to everyone in an accountancy practice responsible for the firm’s compliance with professional standards.

You will gain confidence that you are keeping on top of your compliance obligations. You will have the opportunity of asking questions of our expert and well informed speaker.

Course information

The course content is necessarily a response to changes in practice regulations and recent changes. However, it will typically include:

Practice administration issues – drawing on feedback from the professional bodies. It will typically include:

  • Practice communications
  • Regulatory compliance – review of the implementation of The General Data Protection

Regulations, and, the revised anti money laundering regulations:

  • Professional Indemnity Insurance
  • Dealing with client money

Risk management and client service – looking at practical aspects of servicing clients while ensuring the firm is not exposed to unexpected risks and will typically include:

  • Topical engagement/ disengagement issues
  • Topical reporting issues, including certificates and other confirmations
  • Recent professional guidance on risk management

Practical problems and issues – a review of recent technical changes (last 2-3 years), providing a refresher on the key points and examining their impact in practice

Disciplinary cases – a review of cases which contain lessons for us all

The course is a half day lecture. Delegates are encouraged to ask questions and share experiences for the benefits of others.

Cost
Rate Cost
Price £75.00 + VAT
Retired Member £37.50 + VAT
Career Break Member £37.50 + VAT

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Charity financial statements update

The course is relevant to Partners, managers and staff in firms undertaking charity audits and independent examinations. Charity staff who have responsibility for finance and statutory reporting.

Charity financial statements continue to present challenges for accountants, examiners and auditors. The SORP poses many questions day to day and the rules now change again with the publication of ‘Update Bulletin 2’.

Course information

This half day seminar will reflect on the challenges that the new accounting and disclosure rules have created, point delegates in the direction of recent guidance and highlight a range of topical regulatory issues relevant to accountants and auditors who work in the sector.

After attending the seminar, you will able to:

• Understand latest developments in charity financial reporting, in particular those covered by ‘Update Bulletin 2’.
• Consider likely future changes to charity accounts resulting from the ongoing consultation process for a revised SORP;
• Tackle tricky areas of accounting for charities with confidence (e.g. accounting for grants; accounting for restricted funds); and
• Understand the most common fieldwork and documentation deficiencies when producing charity audit and independent examination files and how to put these right.

Cost
Rate Cost
Price £75.00 + VAT
Retired Member £37.50 + VAT
Career Break Member £37.50 + VAT

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An introduction to charities

This introductory course is targeted at accountants with limited prior experience of charity accounts – either working in professional practice or in a charity.

The charity sector is fascinating but challenging for accountants in terms of financial statements preparation, financial management and day to day administration.

Course information

This seminar is targeted at those working in professional firms and within the charitable sector. Case studies and real-life examples will be used to provide a detailed insight into what is required to manage a charity’s finances, produce a set of SORP compliant accounts and undertake or survive an independent examination or audit.

After attending the seminar, you will be able to:

• Appreciate the key features of the regulatory and legal framework applying to charities, including the requirement for audit and independent examination;
• Understand the format and content of charity accounts under the charity SORP and how these differ from accounts in the ‘for profit’ sector;
• Understand different charitable structures, which works best and when;
• Apply best practice guidance in running a charity and managing or playing the role of a trustee
• Understand how to approach/survive a charity audit or independent examination and how to deal with some of the more challenging issues it throws up.

Cost
Rate Cost
Price £75.00 + VAT
Retired Member £37.50 + VAT
Career Break Member £37.50 + VAT

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Tour of Tyne and Wear Metro

Join us for a tour of one of the most iconic methods of transport in Tyne and Wear.

We are delighted to announce that Nexus have kindly agreed to host a tour of the Metro control room, the traction maintenance depot and a city centre underground station.

Event information

The Tyne and Wear Metro, which is owned and operated by the Tyne & Wear Passenger Transport Executive (t/a Nexus) opened in stages between 1980 and 1984 with extensions to Newcastle Airport in 1991 and Sunderland in 2002.

A large part of the Metro network was a conversion from the local British Rail network with some new sections of underground track and stations built in central Newcastle and Gateshead, linked together by the QEII bridge that spans the River Tyne.

Although it is a locally owned railway, it is part of the national rail network. It has 60 stations which Nexus manages, with the exception of Sunderland station where Northern Rail are the facility owner. The network has approximately 78km of track on which 450 services operate each weekday.

Since 2010 Nexus has renewed or replaced track, overhead power lines, bridges and tunnels and has also introduced new technology by replacing key communications systems.

Throughout the decade, Nexus will have invested over £350 million, but this critical investment will continue throughout the next decade also, with Nexus currently finalising its application for new funding as part of the Government’s Spending Review 2019. This will be in addition to the £337 million that the Chancellor of the Exchequer announced in the autumn 2017 budget for a new fleet of Metrocars and new depot facilities.

The Metro employs over 800 staff and has a gross operating budget in excess of £100 million per annum.

The visit will include a tour of the control room, traction maintenance depot and a city centre underground station as well as a brief presentation on the history and future plans of the metro.

The tour will involve some walking and will include using steps. If anyone wishes to attend who is unable to walk a reasonable distance unaided or use steps please let us know as soon as possible, as it may be possible to attend the event given enough notice.

Numbers are strictly limited, and bookings therefore will be allocated on a first – come-first-served basis. Please therefore only book if you intend to come otherwise you could be taking a place that could have been taken by someone else.

Programme
Time Activity
09:30 Meet at Central Station Metro Concourse and then leave to travel to South Gosforth for a tour of the control room. This will illustrate the movement of the trains, CCTV, social media updates and how the controllers react if an incident occurs.
10:45 Tour of the current Gosforth Depot which is over 100 years old. The current depot services all the existing fleet and is set to be demolished and replaced in the next few years.
11:30 Return to Central Station for a brief tour of a working station and how it links back into the control room.
11:45 Walk to Nexus house where tea and coffee will be provided, listen to a presentation detailing the history of the Metro system, the operational strategy and the future plans. Plus, your chance to ask burning questions.
12:30 Wrap up of event at Nexus House.
Important Information

The use of cameras, phones or recording devices will be forbidden in certain areas and all attendees must:

  • Bring photgraphic ID such as a driving licence or passport
  • Wear sturdy, flat shoes and suitable clothing for a depot tour, such as a warm coat
  • Meet at 9.30am on the Central Station metro concourse by the ticket machines
  • Unless all the places have been taken beforehand, the closing date for online bookings is Friday 27th September 2019. It is essential that you specifically name all attendees as this information is required for Nexus security
Cost
Rate Cost
Price No Charge

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Visit to Greggs plc

Join us for a lecture from one of the most iconic food brands in the UK

In recent years the market Greggs operates in, and their customers’ expectations have undergone huge change with the result that their business model was coming under pressure – it was time for change!

Event information

They’ve been on a journey to transform Greggs from a traditional bakery business into a contemporary food-on-the-go retailer, and while their plan is working the market is fiercely competitive and changing fast.

Join Greggs CFO, Richard Hutton to hear more about their transformation journey. 

Important information

Numbers are strictly limited, and bookings therefore will be allocated on a first-come-first-served basis. Please therefore only book if you intend to come otherwise you could be taking a place that could have been taken by someone else. The use of cameras, phones or recording devices will be forbidden in all areas.

Unless all the places have been taken beforehand, the closing date for online bookings is Friday 14th June 2019. It is essential that you specifically name all attendees, as this information is required for Greggs security.

Programme
Time Session
16:00 Meet at Greggs, contact and parking information to be supplied
16:05 Refreshments provided
16:15 ‘Greggs fit for the future’
17:30 Q & A session
18:00 Wrap up of event at venue
Cost
Rate Cost
Price No Charge
ICAEW Member No Charge
Non-Member No Charge

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Accounting for LLPs

It’s been a busy few years for LLPs, with three SORPS being published in quick succession (2014, 2017 and 2018). This course will give you all the relevant information to keep you up to date.

This seminar will navigate you through all the changes and highlight common problem areas faced by accountants and auditors acting for clients within this sector and how these are addressed.

After attending the seminar, you will:

• Understand the changing face of the LLP SORP and what this means in practice for the accounts of large, medium, small and micro-sized LLPs
• Be able to produce financial statements for LLPs which comply with the SORP
• Understand how to construct a members’ interests table and how to present and allocate both profits and losses therein
• Be able to apply recent changes resulting from the introduction of FRS 102 and further changes to FRS 102 and the SORP resulting from the FRC’s ‘triennial review’ and reflected in SORP 2018

Course is relevant to partners, managers and staff in accounting firms preparing and auditing accounts for limited liability partnerships

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Financial reporting update and current issues with Bill Telford

To update delegates on recent developments relating to financial accounting assignments and to highlight their practical implications.

During late 2018 and early 2019 there are expected to be few new issues in financial reporting but there are many practical audit related issues and we have therefore decided to run two separate courses.

Course information

In order to ensure the continued relevance of the course, the detailed content will be determined nearer the date of delivery, but will include:

  • Accounting Update – to include changes to company law,
  • the micros and small company accounting regimes,
  • topical issues plus other recent and forthcoming changes to UK accounts giving a true and fair view and feedback from regulators and others.

This will also cover practice regulatory and compliance issues related to accounts preparation and related services

The financial reporting course will be relevant to qualified accountants in practice who need an overview of recent developments to help them identify issues relevant to their clients and firms. It will also be relevant for finance directors and controllers in small and medium sized businesses.

You may also be interested in this event – Audit update and current issues – 9 April 2019.

Cost
Rate Cost
Price £75.00 + VAT
Retired Member £37.50 + VAT
Career Break Member £37.50 + VAT

More

Audit update and current issues with Bill Telford

To update delegates on recent developments relating to auditing and to highlight their practical implications.

During late 2018 and early 2019 there are expected to be few new issues in financial reporting but there are many practical audit related issues and we have therefore decided to run two separate courses.

Course information

In order to ensure the continued relevance of the course, the detailed content will be determined nearer the date of delivery, but will include:

  • Audit Update – to include developments in audit and ethical standards,
  • reports and related issues, including audit issues under new UK GAAP and audit monitoring feedback;

This session will also include developments in the provision of and reporting on limited assurance services.

You may also be interested in this event – Financial reporting update and current issues: 27 November 2019

Cost
Rate Cost
Price £75.00 + VAT
Retired Member £37.50 + VAT
Career Break Member £37.50 + VAT

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News

Finalists for 2019 Northern Society Awards announced

Finalists for 2019 Northern Society Awards announced

16 September 2019

Northern Society of Chartered Accountants is delighted...

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Comedy: it’s a funny business

Comedy: it’s a funny business

6 September 2019

As the Edinburgh Festival Fringe draws to...

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Message from our President – Autumn 2019

Message from our President – Autumn 2019

6 September 2019

Here is the Autumn 2019 Message from...

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Events

Retired Members: Afternoon tea and Theatre Royal Talk

Retired Members: Afternoon tea and Theatre Royal Talk

23 October 2019

Join us for afternoon tea and teatime...

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Charity financial statements update

Charity financial statements update

24 October 2019

The course is relevant to Partners, managers...

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An introduction to charities

An introduction to charities

24 October 2019

This introductory course is targeted at accountants...

More