Accounting for Coronavirus: UK and Ireland GAAP

by Steve Collings

Reviewed and up to date for 2021-22. Prepare financial statements that provide a true and fair view of financial performance in these challenging circumstances. This course offers detailed guidance on potential issues as you prepare financial statements in light of the pandemic.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Prepare financial statements that provide a true and fair view of an organisation's financial performance in these challenging circumstances
  • Use the appropriate accounting treatments for various COVID-19-related grants, reliefs and loans
  • Deal with the impairment of goodwill, assets, and inventory under FRS 102
  • Calculate and use the appropriate accounting treatments for revaluation loss on an asset and inventory impairment reversal
  • Prepare financial statements that communicate the impact that COVID-19 had on contingencies, provisions and employee benefits
  • Use disclosure notes effectively to build on what figures in the financial statements show along with overcoming common narrative issues

About the course

Some impacts of COVID-19 are more obvious than others, but as accountants you have the responsibility for reporting the pandemic’s impact on the financial health of organisations. And it's highly likely you'll have to deal with issues you've never experienced before.

This course enables you to prepare financial statements that provide a true and fair view of an organisation's financial performance in these challenging circumstances. It offers detailed guidance on the issues you might encounter as you prepare financial statements in light of the pandemic. It discusses accounting for various COVID-19-related grants, reliefs and loans, along with the impairment of goodwill, assets and inventory under FRS 102. You'll also consider the impacts of the pandemic on provisions, contingencies and employee benefits and the importance and issues associated with narrative disclosures when preparing financial statements.

Reviewed and up to date for 2021-22.

Look inside

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Contents

  • Accounting for grants, reliefs and loans
    • What's available?
    • Grant accounting
    • Job Retention Schemes
    • Other COVID-19 related reliefs and concessions
    • Loan schemes
  • The impact on an entity's assets
    • The impact of the pandemic
    • Goodwill and other intangible assets
    • Tangible fixed assets
    • Inventory
    • Receivables and other financial assets
    • Deferred tax assets and tax losses
  • Provisions and employee benefits
    • Assessing the damage
    • Provisions and obligations
    • Provisions and liabilities
    • Disclosures
    • Provisions and contingencies
    • Employee benefits
    • COVID-19 issues relating to employee benefits
  • Narrative issues
    • Following the narrative
    • Going concern
    • Post balance sheet events
    • The auditor's report and COVID-19

How it works

Author

Steve Collings

Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA’s Practice Network Panel.

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Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours800+ unitshourshours800+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team’s needs
Learn moreLearn moreLearn more
Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours800+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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