2026-27 Update: UK and Irish GAAP

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Stay up to date with the latest on UK and Ireland GAAP. Topics include leasing and revenue recognition, accounting for employee ownership trusts and share-based payment arrangements, to ensure you meet your reporting requirements.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

2026-27 Update: UK and Irish GAAP

£100 +VAT

4 CPD Course 120 days’ access
Use ACPD101 for 10% off any purchase.

2026-27 Update: UK and Irish GAAP

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Correctly apply new charges for work vans and fuel benefits
  • Understand Agricultural and Business Property Reliefs reforms
  • Discuss the Scottish Budget 2026-27
  • Ensure businesses and clients are ready for MTD for ITSA
  • Plan for tax issues that could arise in the 2026-27 tax year

About the course

Regulatory updates can have a significant effect on financial reporting, particularly where complex transactions or revised accounting requirements are involved. For preparers and advisers working with UK and Irish GAAP, staying current is essential to ensure that accounts remain compliant, technically accurate, and useful to stakeholders.

This course explores some of the most important developments and challenging areas in UK and Irish GAAP. You’ll review the amendments introduced through the 2024 periodic review, including changes affecting leases, revenue recognition, and small entities. The course also examines financial instruments, employee ownership trusts, and share-based payment arrangements, helping you understand how these transactions should be recognised, measured, and reported in practice.

You’ll come away with a clearer understanding of both recent GAAP updates and the accounting treatment of more complex transactions. This course will give you greater confidence in applying the standards correctly, strengthening your ability to support accurate financial reporting and meet your reporting requirements.

Contents

The periodic review

The benefits of change
On-balance sheet lease accounting
Lease accounting – initial application
Revenue recognition
Small entities
A new fraud focus?
Other notable changes

Financial instruments

Facing up to financial instruments
Basic financial instruments
Initial recognition
Subsequent measurement
Amortised cost and effective interest method
AI and complex accounting
Impairment

Employee ownership trusts

Formation of EOTs
The rise of EOTs
Intermediate payment arrangements
Related accounting treatments
Intermediate payment pitfalls

Share-based payment

Share-based payment arrangements
Equity-settled
Classification confusion
Vesting conditions
The trouble with vesting

How it works

Author

Steve Collings

Steve Collings

Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA”s Practice Network Panel.