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Accounting for and Auditing Groups (ICAS)


BPP Professional Education

Summary

Price
£204 inc VAT
Study method
Classroom
Duration
Full-time
Qualification
No formal qualification
CPD
3 CPD hours / points

Location & dates

Location
Address
Venue may change up to 14-days before the course start date
301 Argyle Street
GLASGOW
Lanarkshire
G28DL
United Kingdom
Address
Venue may change up to 14-days before the course start date
22 Haymarket Yards
EDINBURGH
Midlothian
EH125BH
United Kingdom

Overview

The preparation of consolidated financial statements is a challenging task for accountants working in professional practice and industry. The related rules are diverse and the accounting and disclosure requirements have changed significantly with the introduction of FRS 102. The audit of groups is governed by ISA 600, a standard which regulators tell us is often misunderstood and poorly executed.

This half-day seminar will use practical examples and real group accounts to highlight the key consolidation adjustments and the practical challenges to provide helpful guidance to ensure that delegates’ accounts comply.

CPD

3 CPD hours / points
Accredited by The CPD Certification Service

Description

What you will learn

After attending this seminar you will be able to:

  • Prepare error free consolidated financial statements which include all relevant disclosures required by accounting standards and company law
  • Appreciate the key changes to consolidation mechanics and disclosures as a result of the implementation of FRS 102
  • Understand how the framework for audit applies in medium-sized and large groups in the UK
  • Produce audit files that are ISA 600 compliant

After attending this seminar, you will be able to:

  • Prepare error free consolidated financial statements which include all relevant disclosures required by accounting standards and company law
  • Appreciate the key changes to consolidation mechanics and disclosures as a result of the implementation of FRS 102
  • Understand how the framework for audit applies in medium-sized and large groups in the UK
  • Produce audit files that are ISA 600 compliant

Who is this course for?

Staff who are new or require a refresher on groups and consolidations and work in industry or professional firms of accountants who produce and audit consolidated financial statements.

Questions and answers

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.