Accounting Standards & Double-Entry - Back to Basics

Introduction

This one-hour webinar will take a look at a few areas that often pose difficulties for more junior staff as well as aiming to cover a couple of the differences between outgoing UK GAAP and the new UK GAAP for small and micro-entities.

The webinar will use worked examples to illustrate the accounting requirements and bring to life the theory within the accounting standards using double-entry principles.

What You Will Learn

This webinar will cover the following:

• How to deal with accounting for a fixed asset in a leasing arrangement
• How to account for investment property revaluations under outgoing and incoming UK GAAP
• Accounting for deferred tax assets and liabilities and when to recognise a deferred tax asset
• How to deal with an error through a prior period adjustment
• A couple of the most notable differences between outgoing UK GAAP and the new UK GAAP for small and micro-entities

This webinar was recorded on 12th October 2015