The Financial Reporting Workshop
SMEs have faced, and continue to face, a number of uncertainties including COVID-19, Brexit, rising inflation and climate change. Technology is developing and changing at an incredible pace. How does this ever-changing and unpredictable landscape affect financial statements?
This four-part series will cover some of the key accounting considerations for SMEs as they look towards preparing FY2022 financial statements, and the areas where accountants should be focusing their attention.
For both preparers and reviewers of financial statements, this full day course will serve as a refresher of the key accounting considerations and focus on some of the areas of FRS102 that may present challenges.
The course will include both theory from FRS 102 and additional worked examples and useful tools. You will learn about some of the practical difficulties in applying these sections and how to overcome these.
Registering for CPD Fest 2022 couldn’t be more straightforward. We have three packages for you to choose from – 8 hours, 16 hours and 24 hours of CPD – allowing you to customise the event to your own specific needs. Once purchased, pick ‘n’ mix the topics of most interest and relevance to you from any of the sessions running across the week of CPD Fest 2022.
CPD Fest Packages:
Event Schedule:
Session 1: Accounting in Challenging Times - Part 1
Time: 09:00 – 10:40
Speaker: Claire Thomson, Lindsay Webber, Elaine Jackson – OmniPro Practice Support
In this session, Lindsay Webber, Claire Thomson and Elaine Jackson will cover the following:
- FRS 102 Section 21 – Provisions and Contingencies
- FRS 102 Section 27 – Impairment of Assets
- FRS 102 Section 16 – Investment Properties
- FRS 102 Section 33 – Related Party Transactions
Session 2: Accounting in Challenging Times - Part 2
Time: 11:00 – 12:40
Speaker: Claire Thomson, Lindsay Webber, Elaine Jackson – OmniPro Practice Support
In this session, Lindsay Webber, Claire Thomson and Elaine Jackson will cover the following:
- FRS102 29 – Deferred Tax
- FRS 102 3 – Going Concern
- Overview of UK Companies House changes and how they impact Irish and other non-UK companies.
Session 3: Accounting for Specialist Sectors
Time: 13:40 – 15:20
Speaker: Claire Thomson, Lindsay Webber, Elaine Jackson – OmniPro Practice Support
In this session, Lindsay Webber, Claire Thomson and Elaine Jackson will cover the following:
- Pension Scheme Accounts
- Updates to Solicitors Accounts Regulations
- Regulated Entities
- Charity SORP Essentials
- Accounting for Crypto Companies and Assets
Session 4: Practical Financial Reporting
Time: 15:40 – 17:20
Speaker: Claire Thomson, Lindsay Webber, Elaine Jackson – OmniPro Practice Support
In this session, Lindsay Webber, Claire Thomson and Elaine Jackson will cover the following:
- FRS 102 Section 1A – Accounts of Small Companies, and the Company Law Small Companies’ Regime
- Companies Act 2014- Narrative Reporting – Disclosure Requirements in the Directors’ Report
- Reporting Climate Change and Sustainability
- FRS102 section 9 – Consolidated Financial Statements – Group Accounting Essentials
- Review of Live Financial Statement Disclosures
CPD Course Facilitators
Lindsay Webber - OmniPro Practice Support
As a member of our Practice Support team, Lindsay’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.
Lindsay is a qualified Chartered Accountant and trained with KPMG in Johannesburg. She has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting.
Claire Thomson - OmniPro Practice Support
As a member of our Practice Support Team, Claire’s focus is on helping practices achieve on-going best practice compliance, with a particular focus on delivering technical training and providing guidance on the requirements of financial reporting and company law in both Ireland and the UK.
Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland, and trained with Grant Thornton in Belfast. She spent 5.5 years in corporate audit, before moving to Grant Thornton’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.
Elaine Jackson - OmniPro Practice Support
As a member of our Practice Support team, Elaine’s focus is on providing firm’s with assistance and training in the following areas; Anti-Money Laundering, Audit Testing and Walk Through Procedures, Audit Planning and Efficiency, OmniPro Audit Working Paper Demos, Preparing for Monitoring Visits and Post Monitoring Visit follow-ups.
Elaine has over 15 years Accountancy Practice experience which has provided her with a wealth of knowledge across all industries and sectors. Elaine is an AITI Chartered Tax Advisor, a Certified Public Accountant and holds a Diploma in Corporate Finance.
In her previous roles, Elaine has experienced a number of ACA and ACCA monitoring reviews. This experience has provided Elaine with a great understanding and appreciation for the challenges facing Accountants in practice today.
CPD Fest is brought to you in association with Xero.
