Managing the Transition to New UK & Ireland GAAP

Summary

To ensure a smooth transition, according to author and expert Lisa Weaver, you need to manage it as a cohesive project which straddles relevant departments and roles.

This course is provided by a third party provider accountingcpd.net and the fee charged is exclusive of VAT.  Training tickets are not applicable on this product. 

Venue details:  
Online, ,
Start date & time:  
01 January 2019 00:00
End date & time:  
01 January 2022 00:00
Price: €85.00  (€85.00 Member price)
By registering for this course you have accepted the terms and conditions
CPD hours:  
4.00
Speaker details
First nameLast name
AccountingCPD. net

Description

Product type:  
CPD online course
Category:  
Financial reporting

In this course, she explains the best way to set up the project with clearly defined roles, effective documentation, and good communication both internally and externally and with other interested parties.

From developing the project plan to exploring how the transition might cause a change in strategy or policy, this course gives you everything you need to manage the transition efficiently and effectively.

Course overview

Basic concepts of planning the transition

  • What are the benefits of establishing a transition project?
  • What should be the main stages in planning the project?
  • What will be the cost of transition?
  • What role can external advisors play in the project?

Introducing the new GAAP as smoothly as possible

  • How can the main accounting impacts be identified?
  • What should be considered when developing new accounting policies?
  • What issues might there be with documentation?
  • What systems and controls issues need to be considered?

The wider implications of the switch to new UK and Ireland GAAP

  • Are there implications for employees, suppliers, customers and other people involved with my organisation?
  • Will the transition have any effects on company strategy, policies and regulatory matters?
  • Why is there a need to educate the people who want to understand the impact of the transition on my accounts and business?
  • How can transition issues be effectively communicated to those outside the company?