Festival of CPD - Financial Reporting

Welcome and introduction

Gavin Leake, Mercia Group

This session examines the practical application of the revised lease accounting requirements in FRS 102. It focuses on the key judgments entities will need to make when implementing the new model, including identifying whether a contract contains a lease, determining the lease term, separating lease and non-lease components, measuring lease liabilities, selecting an appropriate discount rate and dealing with transition and other implementation issues. The session uses practical examples and case studies to highlight common pitfalls and areas where professional judgement will be required. 

Refreshment break

Gavin Leake, Mercia Group

This session explores the practical implementation of the revised revenue recognition requirements under FRS 102. It considers the key judgement areas, including identifying performance obligations, determining when control transfers, accounting for variable consideration, principal versus agent considerations and contract modifications. Through practical examples and case studies, the session highlights the areas most likely to present challenges in practice and provides guidance on achieving consistent and robust application of the revised requirements. 

Lunch break

Louise Dunford, LDC Training

This session will cover:

This important piece of legislation has made significant changes affecting all businesses, involving a wholesale reform of Companies House and the introduction of wide ranging corporate criminal offences, as well as a range of new investigative powers for enforcement authorities. The content of this short session will be as follows and will focus on the implications of the changes for businesses:

• Overview of the Act, highlighting significant changes
• The identity verification framework
• Reforms to Companies House, including updates to its processes and functions
• Introduction of powers related to the seizure of cryptocurrency
• Enhancements to the ability of regulators to gather intelligence
• Discussion of corporate criminal liability and its evolving framework.

Refreshment break

Janet Mann, Mercia Group

This session explores the new Charities SORP and the practical issues charities will have to consider when preparing their accounts under the new SORP and revised FRS 102. It will also look at changes being made to the accounting and auditing thresholds and how these will impact charities and their professional advisers. 

Refreshment break

Roger Allum, Mercia Group

This session explores the impact of the latest FRS 102 changes on LLPs and the practical issues firms will need to consider when implementing the revised requirements. It examines the key areas affected, highlights common challenges and areas of judgement and uses practical examples to help LLPs and their advisers understand and prepare for the changes. 

CPD Hours: 6

Gavin is Mercia’s audit, accounting and assurance lecturer as well as performing file reviews and compliance reviews. Gavin spent 25 years with Deloitte (New Zealand, Croatia and Saudi Arabia) as an audit partner specialising in banking and financial institutions, Telcos, manufacturing and retail.

He was the Executive Adviser to the CEO of one of the larger Banks in Saudi Arabia. Gavin’s areas of expertise are practice management, financial reporting, auditing (internal and external) corporate governance and strategic planning and execution.

Gavin was also an online instructor with the University of Liverpool in the online MBA programmes.

Louise has been continuously involved in training and consultancy since 1987 and is a qualified barrister. She provides advice and assistance to employers through a consultancy company, CompleteHR Ltd, and has assisted with the preparation of many disciplinary and investigation reports.

Louise has also engaged in CPD training for most of the national accountancy training bodies and district societies in the UK for many years. She is involved in management training, particularly in employment and HR, for many large multinational and national commercial companies. Louise has also published academic papers in refereed journals, chiefly on employment status and corporate manslaughter.

Janette is an experienced corporate reporting trainer, teaching mainly on FRS 102, IFRS and company law. She also specialises in LLP reporting and Solicitors Accounts Rules. She joined Mercia in 2024. Previously, she has worked in central government having qualified as a Chartered Accountant with the National Audit Office, in qualifications training and within the internal technical training team of a top ten accounting practice.

Outside of work, Janette belongs to a small chamber choir and loves keeping her ‘musical brain’ active. 

Prior to joining Mercia, Roger worked as an audit manager at a regional firm, specialising in the financial reporting and compliance requirements of charities and academy trusts. He managed a varied portfolio, supporting organisations from small local charities to large national bodies.

He has strong sector expertise across both single academy trusts and medium‑sized multi‑academy trusts, with practical insight into academy funding, regulatory standards and the financial challenges faced within the sector.

Roger has also served as treasurer for a community co‑operative, overseeing statutory reporting and further strengthening his governance experience.