This five-day training program provides a comprehensive comparison between UK GAAP (Generally Accepted Accounting Practice) and IFRS (International Financial Reporting Standards). It focuses on the key differences and similarities between the two frameworks, covering areas such as financial statements, recognition and measurement of assets and liabilities, revenue recognition, and financial instruments. Participants will gain practical insights into how the transition from UK GAAP to IFRS impacts financial reporting, and how to navigate both frameworks depending on regulatory requirements.
Course Details
1. Understand the fundamental differences and similarities between UK GAAP and IFRS.
2. Learn how key financial statements are prepared under both frameworks.
3. Analyze how UK GAAP and IFRS treat assets, liabilities, revenue, and financial instruments.
4. Develop the ability to transition financial reporting from UK GAAP to IFRS.
5. Gain insights into the regulatory and legal contexts influencing the choice of UK GAAP or IFRS.
6. Apply comparative knowledge in real-world financial reporting scenarios.