Financial Reporting: Preparing for 2023
Category: Financial Reporting | Duration: 2hr | Tag: VODIREEAMI223 | Type: Video | Speaker: Lindsay Webber, Claire Thomson | Date: 25/11/2022 11:00
Course Details
SMEs have faced, and continue to face, a number of uncertainties including COVID-19, 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 session covers 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 session serves as a refresher of these chapters of the accounting standard, and the session 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.
In this session Lindsay & Claire cover the following
- FRS 102 Section 1A – accounts of small companies, and the company law small companies’ regime
- FRS 102 Section 21 – provisions and contingencies
- FRS 102 Section 27 – Impairment of assets
- FRS 102 Section 32 – Post balance sheet events
- FRS 102 Section 33 – Related party transactions
- Companies House – Register of Overseas Entities – what action is required from Irish property companies?
CPD Course Speaker
OmniPro Strategic Solutions
Lindsay Webber
As a head of Strategic Solutions at OmniPro, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training and technical assistance in audit and financial reporting.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.
Grant Thornton
Claire Thomson - Director
Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland and trained with Grant Thornton Ireland. She spent 5.5 years in corporate audit, before moving to the firm’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she is now with Grant Thornton, based in Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK advice and support to local and international offices