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Northern Society of Chartered Accountants

At the heart of northern business since 1882

Accounts update – Penrith

The course is aimed at all levels of staff involved in the preparation of company accounts.

This is a topical course that aims to keep auditors up to date with future changes in standards and legislation, solutions to current problems and current ICAEW guidance.

Course information

The course will cover FRS 102 and FRS 105 and any relevant ICAEW guidance. Presentation, disclosure and accounting issues will all be covered. The course will also include a brief update on IFRS issues. This is a topical course and the content will reflect that. The course may cover issues such as:

  • Problems arising from the triennial reviews
  • Transactions with directors and other related party transactions
  • Accounting for investment properties and PPE
  • Revenue recognition
  • Accounting for IR35
  • Meeting minimum disclosure requirements for small and micro companies
  • Accounts filing at Companies House
  • IFRS 16 and leasing

If you attend both the morning and afternoon course a light lunch will be served. 

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

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Audit update – Penrith

The course is aimed at all levels of staff involved in the audit of company accounts.

This is a topical course that aims to keep auditors up to date with: Future changes in standards and legislation relating to audit, practical problems for auditors today, the impact of recent changes and how to best comply and feedback from the regulators and professional bodies.

Course information

Using case studies the update will be practical and designed to help auditors better understand the real world impact of current issues. Being a topical course the precise content will be dictated by current events but it is likely that the following issues will be covered:

  • New ISAs
  • The impact of the FRC Ethical Standard
  • Feedback from ICAEW monitoring
  • ICAEW guidance on the audit report
  • Issues relation to audit evidence being sufficient ad appropriate

Attending both sessions?

If you attend the morning and afternoon session lunch will be provided.

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

 

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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

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Farmers – an update with Bob Trunchion

Anyone needing an update into the sector as it goes through a period of dramatic change.

A course to review and provide an update on the particular UK accounting and tax regime applicable to farmers. The course identifies some of the controversial and risk areas of tax planning and compliance for these clients.

Course information

Content will include:

  • Where is farming today – diversification and tax impacts
  • Succession planning, partnership agreements, divorce and death!
  • Where are we on Brexit and the consequences for Agriculture – The Agriculture Bill
  • Loss reliefs general and special legislation – “all one trade”, averaging etc – the HMRC attacks on losses
  • Capital expenditure reliefs
  • Basic payments and their phasing out and other subsidies
  • Alternative farming arrangements – Share Farming and Contracting
  • Farmhouses and IHT planning
  • Where are we with BPR and APR with relevant case updates
  • Entrepreneurs Relief and CGT planning
  • The potential for Compliance checks and enquiries
Cost
Rate Cost
Price £75.00 + VAT
Retired Member £37.50 + VAT
Career Break Member £37.50 + VAT

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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

More

Tyne and Wear Sole Practitioners Lunch – June – QAD update

Join us for our monthly Tyne and Wear Sole Practitioners’ lunch to meet like minded ICAEW members.

Come along to a monthly lunch for sole practitioners or those working in 1-2 partner firms to meet members with similar situations to support and share best practice.

Our monthly event will commence with a light lunch followed by a speaker or discussion on a topical matter. This event is run by ICAEW members for ICAEW members.

Event information

For the first half of 2019 we have the following topics planned:

Session Speaker
6 February – Small Loan Fund Yvonne Gale, NEL Fund Managers
6 March – A Practical Tax Q&A Emma Glover
3 April – Cyber Security Jonny Green
1 May – Making Tax Digital General Discussion
5 June – QAD update Christine Lawrence, Quality Assurance Manager, ICAEW
3 July – Key issues accountancy firms have with their practice marketing & client communication and how to solve them Laurence Vogal
Cost
Rate Cost
ICAEW Member £12.50 + VAT
Programme
Session Description
12:30 Arrival
12:45 Lunch
13:15 Speaker/discussion
14:00 Close
About Northern Society of Chartered Accountants

Northern Society of Chartered Accountants (NorSCA) represents 4,000 ICAEW members and ACA students working in business and the finance profession across the North East of England, Teesside, northern Yorkshire and Cumbria.

We have been assisting businesses in the north of England and producing chartered accountants for over 130 years.

About ICAEW

There are over 1.7m chartered accountants around the world – talented, ethical and committed professionals who use their expertise to ensure we have a successful and sustainable future.

Over 149,000 of these are ICAEW Chartered Accountants. We train, develop and support each one of them so that they have the knowledge and values to help build local and global economies that are sustainable, accountable and fair.

We’ve been at the heart of the accountancy profession since we were founded in 1880 to ensure trust in business. We share our knowledge and insight with governments, regulators and business leaders worldwide as we believe accountancy is a force for positive economic change across the world.

ICAEW (Institute of Chartered Accountants in England and Wales) is a founder member of Chartered Accountants Worldwide and the Global Accounting Alliance.

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Redworth 2019: 25th Anniversary Conference for General Practitioners

Join us for our annual conference for interesting lectures and networking.

The weekend is a great opportunity to gain valuable CPD at a competitive price. Over the weekend you will receive the equivalent of four half-day courses. It is aimed at partners, managers, and seniors in independent practices. As well as hearing from our expert lecturers you will have the chance to connect with them and other practitioners throughout the weekend.

Conference information

Many of the topics have been suggested by delegates who have attended previous Redworth conferences as well as the NorSCA CPD programme. Also, Rebecca Benneyworth will answer delegates’ specific tax questions in her popular “Rebecca on Request” slot on Sunday morning. You can be sure that the conference will meet your business and professional needs, as well as those of your staff.

Topic are likely to include:

  • Surviving HMRC Investigations
  • Triennial Review of FRSs
  • Later Life Advice
  • Stress in the workplace
  • Cyber Security
  • Employment law
  • The latest on MTD
  • GDPR – where are we now
  • Tax Updates inc. R&D
  • Rebecca on request
  • Accounts disclosures
  • Practice matters

As well as the lectures there is an excellent social aspect to the weekend, with delegates and speakers mingling during the free periods. You can benefit from lots of advice from the speakers, as well as comparing notes with other practitioners.

As this is our 25th year at Redworth we plan to have some extra treats for those attending. If you’ve never attended on a residential basis before this could be the year to do so!

Spouses/partners of delegates are more than welcome to attend on a dinner, bed and breakfast basis.

Cost
RATE COST
For bookings before 30th November 2018 – earlybird
Residential delegates
£200.00 + VAT
For bookings before 30th November 2018 – earlybird
Non-residential delegates
£250.00 + VAT
For bookings after 30 November 2018
Residential delegates
£220.00 + VAT
For bookings after 30 November 2018
Non-residential delegates
£270.00 + VAT

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Top 25 errors that accountants make

The course will cover areas that practitioners regularly advise OMB’s on and will highlight the potential problems in these key areas. We will also aim to cover missed opportunities!

Course information

The following topics will be covered:

• Not appreciating the opportunities savings income offers OMBs
• Thinking clients will not be interested in electric cars
• Not utilising the trivial benefits exemption
• Not dealing with off-payroll workers in the public sector correctly
• Thinking the off-payroll public sector rules will never extend to the private sector!
• Not fully understanding how the new buy-to-let finance charge rules work
• Thinking that all landlords will benefit from incorporating
• Incorrect use of rent-a-room relief
• Misuse of the trading and property allowances
• Not dealing with PILONs correctly – pre and post April 2018!
• Not appreciating the impact of the Scottish income tax rules or when they apply
• Not fully appreciating the implications of property transfers between spouses
• Neglecting planning and compliance for returning non-residents
• Not giving capital allowances due care when buying commercial property
• Not performing our own reasonableness checks on motor expenses
• Uncertainty on acceptable levels of wages to spouses and older children
• Thinking Alphabet shares are a bad idea!
• Using dividend waivers without due care and attention
• Under estimating the importance of company pension contributions
• Thinking the new winding up rules catch all capital distributions
• Using restricted right shares for spouses
• Ignoring the concept of beneficial owner for dividends
• Any other errors that come to my attention!

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

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False Assurance

False Assurance is an exciting drama film, created to facilitate thought provoking discussions about how accountants, should act when faced with difficult business situations.

It is ICAEW’s first venture into the production of drama films and the quality of this film sets it apart from other corporate training films. It uses realistic scenarios to demonstrate how ethical and other professional issues faced by accountants and auditors are not just about rules. False Assurance features well known UK television and film actors and has been professionally produced.

Course information

Although based on a large corporate audit, False Assurance deals with issues that are very relevant to the audit of small entities and is thus essential viewing for partners, managers and staff in smaller firms.

It draws out issues and dilemmas accountants face every day, raises topical governance questions and prompts interesting discussions on many issues, including:

  • What ‘professional scepticism’ should really mean for audit staff;
  • How auditor objectivity can be impaired and what the consequences can be;
  • The importance of robust of internal controls within organisations;
  • The role that appropriate whistle-blowing procedures can play in any organisation;
  • Evaluating cyber security risks and anti-bribery policies and procedures; and
  • The consequences that may result from an accountant deciding to take the ‘easy way out’ when resolving ethical or professional dilemmas.

The film is split into a number of sections. After each section we will discuss the issues arising and give you an opportunity to discuss and debate what you would do in a similar situation.

Who should attend the seminar?

This seminar is aimed at partners, managers and staff in audit firms looking to explore ways to improve the quality and efficiency of their audits. It complements ‘Getting Small Entity Audits Right First Time’ (running on the same day) very well.

Cost
Rate Cost
Price £75.00 + VAT
Retired Member £37.50 + VAT
Career Break Member £37.50 + VAT
Student £20.83 + VAT

 

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Right, wrong or maybe – practical issues in preparing accounts under new UK GAAP

Most small and micro-companies are now preparing their second set of accounts under new UK GAAP. In this seminar we will review the practical problems – and errors – identified in transition to new UK GAAP.

Course information

We will also consider the impact of recent changes to FRS 102 and FRS 105 and issues for the growing and shrinking businesses which may wish or need to change standards.

How to ensure that the correct standard is applied.

How to identify and correct errors in prior years

Changing accounting policies and standards

Practical problems in the profit and loss account

  • Recognising revenue
  • Accounting for tax
  • Fair value gains and losses
  • Employment costs

Practical problems in the balance sheet

  • Intangible fixed assets
  • Tangible fixed assets

Other statements 

  • are they required?
  • Practical problems

Notes to the accounts

  • Are they needed?
  • Accounting policies
  • Going concern
  • Related parties;
  • Commitments and contingencies;

Registration from 13:00

Cost

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

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News

Northern Society Awards winners

Northern Society Awards winners

1 February 2019

Congratulations once again to the finalists and...

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Message from the President

Message from the President

1 February 2019

As all of my predecessors told me...

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Redworth conference – 25 years of Quality CPD

Redworth conference – 25 years of Quality CPD

9 January 2019

When it comes to CPD that counts,...

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Events

Redworth 2019: 25th Anniversary Conference for General Practitioners

Redworth 2019: 25th Anniversary Conference for General Practitioners

1 March 2019

Join us for our annual conference for...

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Tyne and  Wear Sole Practitioners’ Lunch – March – Practical Tax

Tyne and Wear Sole Practitioners’ Lunch – March – Practical Tax

6 March 2019

Join us for our monthly Tyne and...

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NEYCAG: Women in Finance

NEYCAG: Women in Finance

7 March 2019

Join us to celebrate International Women’s Day....

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