Financial reporting quarterly update Q1

The preparation of financial statements and annual statutory accounts is a constant part of an accountant's role – especially those working for a small business or advising them. Keep up to date with the changes in financial reporting requirements as well as any small changes in the accounting treatment of many differing areas by registering for these quarterly updates. 

This quarter we will cover:

AML Update

  • PCS Registers – Right to Appoint the Board – Clarification
  • PSC Register – Do you and your client actually have one?
  • Format of a PSC Errors Log
  • eaknesses in Client Due Diligence (CDD) documentation
  • Having a log of client disengagements and leads taken on and not taken on.
  • Other AML issues.
  • AML Software – A word of warning

Financial Reporting

  • Creditor Accounting:

a. Accounting for ‘Haircuts’ on loans

b. How to deal with breaches of banking covenants

c. Reminder of Accounting for long-term liabilities particularly from related parties.

  •  Disclosure of dividends / reserves – Helping a client to protect themselves from HMRC.
  • Capitalised R&D and impact on distributable profit
  • Reminder on determining distributable profits.

Practice Management Issues

  • Companies House Changes and Increases in Standard Prices
  • Implications of Acting as a Registered Office for Clients and Managing Risk.
  • Fee Protection Policies – Implications and Risk
  • Consultation log and procedures (Ethics / Technical)

Pot Pouri

  • Other Topical Issues

Date: RECORDING AVAILABLE

CPD hours: 2
Price:
IFA members & affiliate - £55
Non-members - £79

 

Interested in all 4? Why not purchase our 2024 Financial reporting quarterly update webinars at a discounted bundle offer of £198 for all IFA members. Click here for more information.  

 

About the speaker 

Matthew Shaw is the Managing Director of Metis Compliance Limited. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a Fellow of the Association of Chartered Certified Accountants.

He has spent over 23 years in technical and training, previously being the technical director of the HAT Group of Accountants (HAT).

Matthew has lectured to accountants in practice, accountants in industry and financial institutions on UK financial reporting. He also spearheaded HAT’s response to FRS 102 and FRS 102 Section 1A, preparing disclosure checklists and work programmes.