Revenue Recognition & UITF 40 - Including the Latest Developments

Overview

What are the course aims and objectives?

The course will give delegates a broad understanding of the revenue recognition rules under FRS 5, appendix G and a detailed knowledge of the application of UITF 40 Revenue Recognition and service contracts.

Who should attend?

The content of the course is aimed at general practitioners who prepare company, partnership, LLP and/or sole trader accounts and regularly have to advise on the selection of accounting polices on revenue recognition. The course is suitable for partners, managers and qualified staff.

Contents

• Revision of the basic principles of the interaction between Accounts and Tax
• A summary of the provisions of Appendix G to FRS 5
• Detailed consideration of UITF 40
• Consideration of all widely suggested mitigation strategies
• Application for FRSSE entities
• Practical examples of UITF 40 disclosures
• Current ICAEW Guidance