UK & Irish GAAP: General Update

by Steve Collings

Part of a series on 2024-25 UK & Irish GAAP. This short course looks at the Financial Reporting Council's amendments to UK and Ireland GAAP in FRED 82, following a periodic review. Final changes were published in March 2024.

price £100+vat
cpd hours 1 CPD hour
access 120 days' access

This module will enable you to

  • Discuss the periodic review
  • Consider common issues with on-balance sheet lease accounting
  • Explain the expected revenue recognition rules following the review
  • Understand the requirements for small entities preparing statements in the UK under FRS 102, Section 1A Small Entities

About the module

Part of a series on 2024-25 UK & Irish GAAP. Following the Financial Reporting Council's periodic review of FRS 102 and the publication of FRED 82 the most notable changes are with regard to on-balance sheet lease accounting and revenue recognition. Small entities (in the UK only) will also be required to make more disclosures.

The FRC published their final amendments to UK and Ireland GAAP in March 2024.

Look inside

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Contents

  • General update
    • The updates
    • Current status of the periodic review
    • Lease accounting and revenue recognition
    • On-balance sheet lease accounting
    • Revenue recognition
    • Small entities in the UK

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 unitshourshours1 unitshourshours
Access period120 days
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Immediate access to our entire CPD catalogue
Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more!
Account manager on hand to support your team's needs

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Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
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Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more!
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Keep your whole team up to date.
Access to this course
Total CPD unitshourshours1,500+ unitshourshours
Access period12+ months
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Immediate access to our entire CPD catalogue
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All you need for this year and more.
Access to this course
Total CPD unitshourshours1,500+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more!
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?
Access to this course
Total CPD unitshourshours1 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more!
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
Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more!
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 unitshourshours1,500+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more!
Account manager on hand to support your team's needs
Learn more

More in this series

Take a look more modules from the series: 2024 UK & Irish GAAP Update