ACCA Enhances Accounting Standards Update Training for UK and Ireland Practitioners

ACCA has launched a comprehensive accounting standards update program focusing on the Financial Reporting Council’s (FRC) periodic review amendments, providing essential training for practitioners navigating the evolving UK and Ireland reporting landscape.

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Periodic Review Amendment Coverage

The accounting training addresses significant changes resulting from the FRC’s periodic review of UK and Ireland accounting standards, affecting reporting entities across all sectors and sizes.

Key Professional Training Components

Technical Detail Analysis:

• Comprehensive examination of periodic review amendments
• Impact assessment for different entity types
• Implementation guidance and practical examples
• Compliance requirement clarification

Cash Flow Statement Disclosure Requirements:

• New disclosure requirements for supplier finance arrangements
• Enhanced transparency in cash flow reporting
• Stakeholder information needs assessment
• Practical implementation strategies

Challenging Technical Areas: ACCA has identified and addresses specific technical challenges including:

• Complex transaction accounting treatment
• Judgment areas requiring professional expertise
• Industry-specific application guidance
• Cross-standard interaction effects

Expert-Led Accounting Training

Steve Collings FCCA leads the training program, bringing extensive expertise:

• Director at Leavitt Walmsley Associates Ltd
• Specialist in financial reporting (UK GAAP and IFRS)
• Author of multiple accounting and audit publications
• Member of UK GAAP Advisory Panel at the Financial Reporting Council

Professional Recognition:

• Accounting Technician of the Year at British Accountancy Awards
• Outstanding Contribution to the Accountancy Profession award
• Extensive lecturing experience to professional accountants
• Authoritative technical factsheet contributor for ACCA

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Comprehensive Application for Accounting Professionals

The professional training is designed for:

• Accountants in Practice: Public practice professionals serving multiple clients
• Industry Accountants: In-house professionals managing organizational reporting
• Small Company Practitioners: Specialists in small entity reporting requirements
• Large Company Experts: Professionals handling complex group reporting

Interactive Learning Features

Recorded Event Access:

• 12-month exclusive access following registration
• Downloadable course handout materials
• Document library integration
• Flexible learning schedule accommodation

Practical Implementation Focus for Professional Accountants

The accounting training emphasizes practical application through:

• Real-world case study analysis
• Step-by-step implementation guidance
• Best practice recommendations
• Common pitfall identification and avoidance

Technical Advisory Support

The program reflects ACCA’s collaboration with its technical advisory department, ensuring:

• Current regulatory compliance guidance
• Industry-leading practice recommendations
• Authoritative technical interpretation
• Ongoing professional development support

Continuing Professional Development for ACCA Members

Participants receive CPD credits contributing to:

• Annual learning requirements fulfillment
• Professional competency maintenance
• Career development and advancement
• Technical expertise demonstration

This comprehensive training program reinforces ACCA’s commitment to ensuring its members remain current with evolving accounting standards while maintaining the highest levels of professional competency.

Source: ACCA Global – Accounting Standards Update

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