2026-27 Update: UK and Irish GAAP

This course will enable you to

• Review how the 2024 periodic review impacts leasing, revenue recognition and small entities
• Follow the process for the initial recognition and subsequent measurement of financial instruments
• Set up an employee ownership trust and understand the main accounting issues
• Apply the correct treatment to cash-settled and equity-settled share-based payment arrangements

About the course

Regulatory updates can have a significant effect on financial reporting, particularly where complex transactions or revised accounting requirements are involved. For preparers and advisers working with UK and Irish GAAP, staying current is essential to ensure that accounts remain compliant, technically accurate, and useful to stakeholders.

This course explores some of the most important developments and challenging areas in UK and Irish GAAP. You’ll review the amendments introduced through the 2024 periodic review, including changes affecting leases, revenue recognition, and small entities. The course also examines financial instruments, employee ownership trusts, and share-based payment arrangements, helping you understand how these transactions should be recognised, measured, and reported in practice.

You’ll come away with a clearer understanding of both recent GAAP updates and the accounting treatment of more complex transactions. This course will give you greater confidence in applying the standards correctly, strengthening your ability to support accurate financial reporting and meet your reporting requirements.