2024-25 Update: UK and Irish GAAP

This course will enable you to

• Advise on the latest proposed amendments to UK and Ireland GAAP
• Improve your knowledge of the rules regarding going concern
• Understand how cash flow statements should be prepared and avoid common errors
• Learn how to recognise intangible assets

About the course

Following the publication of FRED 82, the FRC has now confirmed the final changes being made to the UK and Ireland GAAP. This course provides a well-timed review of areas in the spotlight, including leasing transactions, where the FRC proposes that lessees are to be reported on-balance sheet and is considering further simplifications, and revenue recognition where the changes proposed incorporate a five-step model approach and redrafted sections for both FRS 102 and FRS 105.

This course also explores the rules on going concern and the importance of disclosures, cash flow - how business activities should be treated and the measurement of net debt, and the ins and outs of intangible assets, including initial recognition, measurement, and the relevance of amortisation. It also covers classifying R&D expenditure and evaluating goodwill.