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Northern Society of Chartered Accountants

At the heart of northern business since 1882

Practical problems in implementing new UK GAAP – getting the first accounts right

Date: 20 October 2015 13:30 - 16:30

Type: Audit Assurance and Financial Reporting, Course

Organiser: Tyne and Wear

With three versions of FRS 102 and a new standard for micro-companies FRS 105, those involved with preparation of the first financial statements under new UK GAAP have choices to make, valuations to prepare, accounting adjustments and disclosures to make.

In this seminar we will use illustrative accounts, case studies and illustrations to give practical guidance to ensure that the first financial statements are right.

Content will include:

  • ·         Making the right accounting policy and transitional exemption choices
  • ·         Financial instruments in practice
  • ·         Intangible assets – will there be more intangibles and if so how are they classified, valued and amortised?
  • ·         Property plant and equipment – applying the new rules including the deemed cost transitional exemption options
  • ·         Government grants – understanding the options
  • ·         Employee benefits – is holiday pay a real issue? What about pension costs and other issues?
  • ·         Deferred tax – understanding the changes and revising the basics
  • ·         Making the transitional adjustments and explaining transition

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Newcastle Gateshead Marriott Hotel Metro Centre

Metro Centre
NE11 9XF

Tel No: 0191 493 2233


Bill Telford  – Telford Financial Training Ltd

Bill Telford – Telford Financial Training Ltd

Bill qualified as an accountant with an international big four firm in 1975 and has spent the last 30 years in education and training. In 2000, he joined Baker Tilly as National Training Director and he has served on both the ICAEW Council the Learning & Professional Development Board. He has recently retired as a partner with Baker Tilly and is now trading as a freelance lecturer and training consultant.

How to book

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You can also telephone the ICAEW central events booking team on 01908 248159 and pay over the phone.

Alternatively you can download a booking form or book by email.