• E-mail us
  • View our Pinterest page
  • Join us on LinkedIn
  • Follow us on Twitter

Northern Society of Chartered Accountants

At the heart of northern business since 1882

Property accounting – all the important considerations for accountants with Peter Herbert

Northern Society of Chartered Accountants www.norsca.co.uk

A property accounting update delivered by Peter Herbert.

Most practitioners act for clients that have some accounting issues relating to property. Many act for professional landlords, property traders or property developers. Most other clients will own or rent property – which create their own accounting challenges. This session will look in depth at all the relevant issues and consider solutions in the event that either FRS 102 or FRS 105 is being applied.

 
Event Information

Topics covered include:

  • Accounting implications of raising finance for property transactions
  • Classifying properties in financial statement
  • Investment property accounting – frequently asked questions
  • When should property developers recognise revenue?
  • Construction contract accounting – key tips and traps
  • FRS 102 v FRS 105 – key similarities and differences

Who should attend the seminar?

  • Partners, managers and staff in accounting firms who act for builders, professional landlords or any entities that rent property or who have property assets. The seminar is also relevant for accountants in industry.
Cost – webinar rates
RATE COST
Price £60.00 + VAT
Retired Member £30.00 + VAT
Career Break Member £30.00 + VAT
Cost – in person attendance rates

This course will be a hybrid event – you can attend in person too at Blaydon Rugby Club – please see details at this link.

RATE COST
Price £90.00 + VAT
Retired Member £45.00 + VAT
Career Break Member £45.00 + VAT

 

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date Session Speaker
24 March 2022 What makes a good audit senior? James Charlton
30 March 2022 A very practical Tax update – what you need to know Rebecca Benneyworth
30 March 2022 Employment Taxes – an absolutely essential update Rebecca Benneyworth
28 April 2022 Spring Tax update Bob Trunchion
12 May 2022 Common disclosure errors in financial statements John Selwood
23 June 2022 The A to Z of small and micro entity accounts Peter Herbert
22 September 2022 Making Tax Digital – less than 130 days to go Rebecca Benneyworth
22 September 2022 25% Corporation Tax – are there any small business Tax planning issues left? Rebecca Benneyworth
11 October 2022 What makes a good audit junior? James Charlton
19 October 2022 Are you ready for changes in auditing in 2023? John Selwood
17 November 2022 Property Accounting – all the important considerations for accountants Peter Herbert
1 December 2022 Autumn Tax update Bob Trunchion

 

 

More

Are you ready for changes in auditing in 2023? with John Selwood

Northern Society of Chartered Accountants www.norsca.co.uk

Join John Selwood for his update on the significant changes in audit for 2023.

This session will cover the significant changes arising from:

  • ISA (UK) 315 (Revised July 2020) Identifying and Assessing the Risks of Material Misstatement and
  • ISA (UK) 240 (Revised May 2021) The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.
  • Revised/New International Standards on Quality Management

Revised ISAs 315 and 240 are effective for periods beginning on or after 15 December 2021. In most cases this means that the changes will apply to December 2022, year ends,

Revised ISQMs apply from 15 December 2022.

Event Information

This course will cover:

ISA 315 (Revised)

  • Overview of the revised ISA
  • The more granular risk assessment
  • Spectrum of risk
  • Identifying significant risks
  • Internal controls – general IT controls
  • Other detailed revised requirements

ISA 240 (Revised)

  • Overview of the revised ISA
  • The auditor’s responsibilities in relation to fraud
  • The audit team discussion
  • Use of experts
  • Dealing with whistle-blowers
  • How to appropriately apply scepticism
  • Management override
  • Testing journals

Revised ISQMs

  • Overview of ISQM 1, ISQM 2 and ISA 220 Revised
  • Establishing quality objectives
  • Risk assessment – identify and assess risks
  • Monitoring and remediation processes including root cause analysis
  • Documentation
  • Using off-the-shelf solutions

Suitable for: This update is for all auditors.

Cost – webinar rates
RATE COST
Price £60.00 + VAT
Retired Member £30.00 + VAT
Cost – in person attendance rates

This course will be a hybrid event – you can attend in person too at Blaydon Rugby Club – please see details at this link.

RATE COST
Price £90.00 + VAT
Retired Member £45.00 + VAT

 

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date Session Speaker
24 March 2022 What makes a good audit senior? James Charlton
30 March 2022 A very practical Tax update – what you need to know Rebecca Benneyworth
30 March 2022 Employment Taxes – an absolutely essential update Rebecca Benneyworth
28 April 2022 Spring Tax update Bob Trunchion
12 May 2022 Common disclosure errors in financial statements John Selwood
23 June 2022 The A to Z of small and micro entity accounts Peter Herbert
22 September 2022 Making Tax Digital – less than 130 days to go Rebecca Benneyworth
22 September 2022 25% Corporation Tax – are there any small business Tax planning issues left? Rebecca Benneyworth
11 October 2022 What makes a good audit junior? James Charlton
19 October 2022 Are you ready for changes in auditing in 2023? John Selwood
17 November 2022 Property Accounting – all the important considerations for accountants Peter Herbert
1 December 2022 Autumn Tax update Bob Trunchion

More

What makes a good audit junior?

Northern Society of Chartered Accountants www.norsca.co.uk

This seminar is aimed at those with up to two years’ experience with little or no understanding of audit.

An audit junior is required to understand the fundamental principles of an audit and the relevant audit assertions. This seminar, targeted at those with up to two years’ practical experience, will provide participants with a range of practical tools to develop their skills and competence in the field.

Event Information

Topics covered include:

  • Understanding the audit assertions and directional testing
  • Documenting systems notes and performing walk through tests
  • How to question, and listen, effectively when talking to client staff
  • Using analytical skills and common sense when carrying out audit work
  • Documenting work and producing good quality working papers
  • When and how to seeking assistance from seniors, managers and partners

Who should attend the seminar?

  • Staff in accounting firms with little or no experience in auditing but who want to learn more
Cost – in person course
RATE COST
Price £60.00 + VAT
Speaker

James Charlton
James is an experienced trainer specialising in financial reporting, both UK GAAP and IFRS, audit and the charity sector. James also has experience in the banking and insurance sectors.

James spent a number of years in professional examination training before entering the world of CPD training. He brings energy and interactivity to every course that he delivers.

James has also worked in the audit technical team at a national mid-tier firm, providing financial reporting and audit technical advice to the audit and accountancy departments, writing and reviewing technical materials for the practice, and performing engagement quality control reviews on audit files.

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date Session Speaker
24 March 2022 What makes a good audit senior? James Charlton
30 March 2022 A very practical Tax update – what you need to know Rebecca Benneyworth
30 March 2022 Employment Taxes – an absolutely essential update Rebecca Benneyworth
28 April 2022 Spring Tax update Bob Trunchion
12 May 2022 Common disclosure errors in financial statements John Selwood
23 June 2022 The A to Z of small and micro entity accounts Peter Herbert
22 September 2022 Making Tax Digital – less than 130 days to go Rebecca Benneyworth
22 September 2022 25% Corporation Tax – are there any small business Tax planning issues left? Rebecca Benneyworth
11 October 2022 What makes a good audit junior? James Charlton
19 October 2022 Are you ready for changes in auditing in 2023? John Selwood
17 November 2022 Property Accounting – all the important considerations for accountants Peter Herbert
1 December 2022 Autumn Tax update Bob Trunchion

 

More

All too familiar film screening – the latest ICAEW film

Facilitated discussion following the screening of ICAEW’s All Too Familiar film. This event is for UK-based ICAEW members only.

All Too Familiar is a high-quality training film created by ICAEW in collaboration with HMRC which explores the degree of trust still placed in personal and professional relationships and whether enough scepticism is being used in the fight against economic crime.

Event Information

As with the previous ICAEW films, False Assurance (2015) and Without Question (2017), the latest release, All Too Familiar, challenges mindsets and provokes discussion. This time on the need for greater professional scepticism to help reduce the risk of economic crime, and in particular, money laundering.

As well as professional scepticism, All Too Familiar draws out many themes for discussion, such as:

  • Can familiarity cloud a firm’s judgement,
  • When is the right time to disengage from a client, and
  • What are a firm’s professional responsibilities when engaging with law enforcement?

The film also examines the appropriate levels of Customer Due Diligence (CDD) and risk assessments for client relationships.

Northern Society Vice President Richard Slack will facilitate a Chatham House Rules discussion. Breakfast items will be served prior to the films screening. There is no charge to attend. This event is for UK-based ICAEW members only.

Cost
RATE COST
ICAEW Member No Charge
Speaker

Dr Richard Slack
Dr Richard Slack is a professor in Accounting at Durham University Business School and was head of department of Accounting from 2017 to 2019. Richard joined Durham University in 2012, having previously been Professor in Accounting at Newcastle Business School, Northumbria University. Richard, an Economics graduate of St Andrews University, had previously worked in the audit department at Price Waterhouse in Newcastle from 1986 to 1992 and is a qualified chartered accountant. Prior to becoming Vice President in May 2021, Richard has been actively involved with the Northern Society, being a long-standing member of the Tyne and Wear branch and served as branch chair in 2015-16.

More

The A to Z of small and micro entity accounts with Peter Herbert

A small and micro entity accounts update with Peter Herbert.

Northern Society of Chartered Accountants www.norsca.co.uk

Although FRS 102 Section 1A and FRS 105 came into force back in 2016, they still throw up lots of issues. This course will address all the most frequently asked questions.

Event Information

Topics covered include:

  • The format of Section 1A accounts and how they differ from those of larger entities
  • Abridging and filleting – what these terms mean and why they matter
  • Accounting for related party transactions
  • Other disclosure hot topics
  • The impact of recent changes to FRS 102 – and the COVID-19 pandemic
  • Common errors and how to avoid them

Who should attend the seminar?

  • Partners, managers and staff in accounting firms and in industry with an interest in small and micro entity financial statements.
Cost
Rate Cost in venue Webinar cost
Price £90.00 + VAT £60.00 + VAT
Retired Member £45.00 + VAT £30.00 + VAT
Career Break Member £45.00 + VAT £30.00 + VAT

A webinar version of the course is also available if you wish to join virtually – click HERE for details.

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date Session Speaker
24 March 2022 What makes a good audit senior? James Charlton
30 March 2022 A very practical Tax update – what you need to know Rebecca Benneyworth
30 March 2022 Employment Taxes – an absolutely essential update Rebecca Benneyworth
28 April 2022 Spring Tax update Bob Trunchion
12 May 2022 Common disclosure errors in financial statements John Selwood
23 June 2022 The A to Z of small and micro entity accounts Peter Herbert
22 September 2022 Making Tax Digital – less than 130 days to go Rebecca Benneyworth
22 September 2022 25% Corporation Tax – are there any small business Tax planning issues left? Rebecca Benneyworth
11 October 2022 What makes a good audit junior? James Charlton
19 October 2022 Are you ready for changes in auditing in 2023? John Selwood
17 November 2022 Property Accounting – all the important considerations for accountants Peter Herbert
1 December 2022 Autumn Tax update Bob Trunchion

More

Common disclosure errors in financial statements with John Selwood

John Selwood will guide you through topical disclosure issues for accountants that prepare financial statements in UK GAAP.

Northern Society of Chartered Accountants www.norsca.co.uk

This course will look at the real world disclosure problems being faced by practitioners, and the real world, practical solutions.

Event Information

It will cover FRS 102 (including FRS 102 1A for small companies) and FRS 105 together with any relevant ICAEW guidance. Presentation and disclosure issues will all be covered.

This is a topical course and the content will reflect that.

The course will cover issues such as:

  • Post balance sheet events
  • Going concern disclosure
  • Transactions with directors and other related party transactions
  • Disclosure of guarantees and security
  • Financial instruments
  • Eligibility for small and micro company exemptions
  • FRS 102 1A problem areas
  • Meeting minimum disclosure requirements for small and micro companies
  • Companies House issues

Suitable for: This update is for all accountants in practice or industry and commerce who prepare financial statements under UK GAAP. The issues covered will apply for small and large companies.

Cost
Rate Cost in venue Webinar cost
Price £90.00 + VAT £60.00 + VAT
Retired Member £45.00 + VAT £30.00 + VAT
Career Break Member £45.00 + VAT £30.00 + VAT

A webinar version of the course is also available if you wish to join virtually – click HERE for details.

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date Session Speaker
24 March 2022 What makes a good audit senior? James Charlton
30 March 2022 A very practical Tax update – what you need to know Rebecca Benneyworth
30 March 2022 Employment Taxes – an absolutely essential update Rebecca Benneyworth
28 April 2022 Spring Tax update Bob Trunchion
12 May 2022 Common disclosure errors in financial statements John Selwood
23 June 2022 The A to Z of small and micro entity accounts Peter Herbert
22 September 2022 Making Tax Digital – less than 130 days to go Rebecca Benneyworth
22 September 2022 25% Corporation Tax – are there any small business Tax planning issues left? Rebecca Benneyworth
11 October 2022 What makes a good audit junior? James Charlton
19 October 2022 Are you ready for changes in auditing in 2023? John Selwood
17 November 2022 Property Accounting – all the important considerations for accountants Peter Herbert
1 December 2022 Autumn Tax update Bob Trunchion

More

What makes a good audit senior?

Northern Society of Chartered Accountants www.norsca.co.uk

For those with 2-3 years’ experience to help develop their audit skills.

Audit seniors need to develop excellent analytical and personal skills, as well as having good technical knowledge. This seminar, aimed at those with 2-3 years’ experience, will provide participants with a range of practical tools enabling them work effectively and efficiently in the audit field – and help develop their skills in managing audit juniors.

Event Information

Topics covered include:

  • Key planning considerations – including understanding the entity, materiality and preliminary analytical review
  • Performing risk assessments and how it impacts on audit testing
  • Effective analytical procedures and key questioning skills
  • Producing and critiquing evidence in more complicated areas of the audit
  • Applying professional scepticism – how to question, and listen, effectively
  • Reviewing the work of audit juniors and managing and coaching them appropriately

Who should attend the seminar?

  • Seniors and staff in accounting firms with 2-3 years’ experience with an interest in auditing
Cost
Rate Cost
ICAEW Member £60.00 + VAT
Non-Member £60.00 + VAT
Speaker

James Charlton is an experienced trainer specialising in financial reporting, both UK GAAP and IFRS, audit and the charity sector. James also has experience in the banking and insurance sectors.

James spent a number of years in professional examination training before entering the world of CPD training. He brings energy and interactivity to every course that he delivers.

James has also worked in the audit technical team at a national mid-tier firm, providing financial reporting and audit technical advice to the audit and accountancy departments, writing and reviewing technical materials for the practice, and performing engagement quality control reviews on audit files.

More

John Selwood’s hot accounting topics

An essential update for accountants in practice.

This course aims to keep your technical knowledge up to date in the changing environment for accountants in practice. It will include practical tips on how to navigate the changing regulatory environment.

Course Information

This is a topical session and its content will reflect that. It is likely to cover:

  • Accounting for going concern
  • Accounting for government grants – the difficult areas
  • Changes to legal accounting frameworks
  • When disclosure goes wrong
  • Filing issues at Companies House
Cost
Rate Cost
Price £90.00 + VAT
ICAEW Member £72.00 + VAT
Non-Member £90.00 + VAT
Retired Member £45.00 + VAT
Career Break Member £45.00 + VAT

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 31 December 2021. To activate the discount please use the following codes at the checkout:

Standard Ticket Price: NORTHERN30OFF

Career Break/Retired: NORTHERN15OFF

More

What’s new for charities? with Peter Herbert

An essential update for accountants who prepare, audit or independently examine accounts for charities

Despite the fact that FRS 102 SORP is now well established, there still seems to be an abundance of new rules affecting charity annual reports and accounts.

Course information

This session will explain all the recent developments and also clarify existing rules in a number of common problem areas:

Content will include:

  • Recent changes to UK GAAP, charity law and company law relevant to the preparation and independent examination of small charity accounts
  • Common problem areas in charity accounts and how to tackle them
  • Charity Commission and ICAEW regulatory reports and feedback
  • Balancing effectiveness and efficiency when performing charity independent examinations

Who should attend the seminar?

Partners, managers and staff in accounting firms who prepare accounts for charities and carry out audits and independent examinations.

Cost
Rate Cost
Price £90.00 + VAT
Retired Member £45.00 + VAT
Career Break Member £45.00 + VAT

 

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 31 December 2021. 

The discount will apply automatically at checkout. 

More

Acting for Farmers – a comprehensive review with David Missen and Bob Trunchion

An essential update for those with farming clients

Are we about to see an agricultural revolution, either a brave new post-brexit world or the end of UK agriculture as we know it? This intensive half day course will explore the challenges and issues faced by farming and rural communities and the solutions and opportunities available. It is aimed at keeping you up to date on what matters in this specialist sector and the advice your client needs.

Course Information

Topics:

• The state of UK Agriculture in 2021
• Subsidies and farm economics after the Agriculture Act
• Inheritance tax and capital gains tax refresher
• Structures, successions, trusts, Pensions, incorporation and other nitty gritty problems with HMRC etc.
• Capital Tax planning – the dos and don’ts
• Business & Agricultural Property – 100% relief, are you sure?
• Succession planning

Cost
Rate Cost
Price £90.00 + VAT
ICAEW Member £90.00 + VAT
Non-Member £90.00 + VAT
Retired Member £45.00 + VAT
Career Break Member £45.00 + VAT

Northern Society is offering delegates a 1/3rd off all of its live webinars up to 31 December 2021.

Please note that the respective discount of £30.00 and £15.00 will automatically be applied to the checkout and will be dependent on the membership level of each delegate.

If you are currently on a career break or retired please ensure to answer the form question.

Discounted rate
Price: £60.00 + VAT
Retired/Career break: £30.00 + VAT

 

More

News

Graduation & Prizegiving 2022 celebrates ACA students success

Graduation & Prizegiving 2022 celebrates ACA students success

9 May 2022

Northern Society of Chartered Accountants Graduation &...

More

Back out into the world

Back out into the world

5 April 2022

People do business with people they trust...

More

Events

3-part manager mini-series: Coaching skills for managers

3-part manager mini-series: Coaching skills for managers

14 July 2022

A series of seminars for young members...

More

Northern Society of Chartered Accountants 140th Anniversary Afternoon Tea

Northern Society of Chartered Accountants 140th Anniversary Afternoon Tea

15 July 2022

Join us as we celebrate Northern Society’s...

More

3-part manager mini-series: Building a strengths-based team

3-part manager mini-series: Building a strengths-based team

11 August 2022

A series of seminars for young members...

More