UK GAAP after the periodic review: Practical implications for year one

The 2024 Periodic Review of UK GAAP brings a range of changes that will affect how entities recognise transactions, draft accounting policies and explain their results. While revenue recognition and lease accounting are areas of focus, changes include increasing the level of judgement, documentation and disclosure required across the financial statements. This session takes a practical look at how to prepare for the first set of financial statements under the revised standards, helping preparers and auditors understand priorities, where challenges are likely to arise and how to approach transition with confidence.