Accounting for Listed Entities

Course objectives

This course is designed to summarise all the additional financial reporting obligations that arise once an entity decides that it wants to list their shares or other securities on a recognised investment market. The course will mainly benefit accountants and auditors who are not so familiar with the process of producing a good quality annual financial report for a listed entity.

Typical content

• Company law requirements – the contents of the annual report
  • Additional specific disclosures requirements imposed by Companies Act 2006
  • Different classes of company recognised by law; PLC, Listed, Traded etc
  • Directors Remuneration Report contents
  • Corporate governance issues – in outline
• Additional narrative reporting obligations
  • Enhanced and additional ‘front end’ narrative reporting obligations
    • Contents of the strategic report
    • Summary of other recently introduced obligations such as Greenhouse Gas Omissions and engagement with suppliers, employees, customers and others
    • S172 reports as required by Companies Act 2006
• Basis of accounting
  • First time adoption to IFRS – summary of transition process
  • Key differences of recognition and measurement between IFRS and UKGAAP
  • Additional disclosure requirements
• Audit considerations
  • Ethical restrictions on work that may be performed by the audit firm for a listed company client
  • Additional reporting requirements such as to Those Charged With Governance

Typical practical work and case studies

• Case study to review and critique example disclosures and to consider if disclosures are ‘clear and concise’
• Transition to IFRS from UKGAAP – numerical conversion exercise and reconciliation
• Prepare checklist of key additional points to consider
• Quiz questions covering typical reporting issues and weaknesses identified by the Financial Reporting Council

Duration and guideline fee

3 hour course – £850

6 hour course – £1,700

Recommended maximum group size – 30