Accountants in Business - Virtual course content

John Selwood, Ralph Tiffin and Paul Gee
Financial Reporting Update



1. Accounting considerations arising from Covid-19

  • Overview of Covid-19 accounting problems
  • Accounting for government assistance
  • Leases
  • Going concern
  • Impairment
  • Provisions


2. Narrative reporting: s.172 of the Companies Act

  • Overview of the s172 of the Companies Act 2006 reporting regulations
  • The Companies (Miscellaneous Reporting) Regulations 2018
  • Effect on the Strategic report
  • 172 Duty to promote the success of the company
  • Effect on the Director's report
  • What information should be included in their s172 Report
  • Q&A


3. IFRS Update

  • Amendments to IFRS3 (Business combinations)
  • Amendments to definition of materiality (October 2018)
  • IAS 1 - Presentation of (Primary) Financial Statements - proposed replacement
  • Classification of Liabilities as Current or Non-current (Amendments to IAS 1)


4. UK GAAP Update

  • FRS 102 amendment - Multi-employer defined benefit pension schemes
  • Classification of liabilities - FRS 102, para 4.7
Mark Owen
Contract Law, Company Law Update



Contract Law Update

  • Recap & Review
  • The Electronic Execution of Documents
  • Neocleous v Rees [2019] EWHC 2462 (Ch)
  • Force Majeure and Covid-19 Legal Principles and Business Implications
  • Core legal principles
  • FM clauses in the wake of the COVID-19 pandemic

Company Law Update

  • Recap & Review
  • Coronavirus considerations for Directors
  • The highest priority? Solvency
  • Specific changes to Directors duties?

Vicarious Liability in the Course of Employment

  • Recap & Review
  • WM Morrison Supermarkets plc v Various Claimants [2020] UKSC 12


The Scope and Extent of Litigation Privilege & Legal Advice Privilege

  • Recap & Review
  • The Civil Aviation Authority v Ltd [2020] EWCA Civ 35


Protected Conversations and Settlement Agreements under Section 111A ERA 1996

  • Recap & Review


Restrictive Covenants in Employment Contracts

  • Recap & Review
  • Allen (t/a David Allen Chartered Accountants) v Pollock & Anor [2020] EWCA Civ 258


Employment Status

  • Recap & Review


Equality Diversity & Equal Pay

  • Recap & Review

Health & Safety Offences; Definitive Guideline

  • Recap & Review
  • Worker fatigue and health & safety risks
  • ORR v Renown Consultants Limited
Dr Stephen Hill
Cyber Crime Update & Web Exploration 2020




  • Every organisation is responsible for ensuring cybersecurity
  • The ability to protect information systems from impairment or even theft is essential
  • Implementing effective security measures will not only offer liability protection; it will also increase efficiency and productivity


Cyber Risk

  • Covid-19 related threats in Q1 2020
  • What are the biggest cyber threats facing you and your business today?
  • Key reasons cyber attacks are possible
  • Where is the Opportunity?
  • We rely on our devices security, but what if...


Malware & Ransomware

  • What is Malware
  • What is ransomware?
  • Ransomware evolved

  • Should I pay the ransom?
  • What could you do to prevent malware?
  • 6 tips to prevent potential ransomware attacks



  • Email scrutiny - what would make you suspicious?
  • Good email hygiene
  • What is phishing?


Wi-Fi Risks

  • Man-in-the-middle (MITM) attack
  • Rogue Hotspots
  • What do you need to do to stay safe when using public WiFi?
  • How to protect yourself & organisation
  • Public WiFi - security tips to stay safe from hidden dangers


Increase in Dark Markets

  • What is the Dark Net?
  • Darknet markets


Social Media Risks

  • Can you name a risk linked to the use of social media?
  • Social media security risks
  • Metadata footprints
  • Digital footprints


Password Risks

  • What makes a secure password & do you have a password policy?
  • Password advice
  • Computer security - checklist
  • Home working: managing the cyber risks
  • Setting up new accounts



  • How to turn on device encryption
  • How to encrypt a file


Internet Privacy

  • Name the browser
  • How transparent are you?
  • Think before you search
  • Consider a privacy-focused search engine
  • Google query - unprotected
  • Hiding your identity online


Useful Sites & Techniques

Mark Wearden MSc FCCA FCIS
The Ethical Accountant


  • What do we mean by ethics?
  • Overview of the code
  • Conceptual framework
  • THREAT identification
  • Safeguards


Scenario 1

  • Consider the varying ethical issues involved here


Scenario 2a

  • Consider the interplay in this scenario of Principle Ethics and Situation Ethics


Scenario 2b

  • Re-consider this scenario from the perspective of the 5 Ethics Framework Principles


Scenario 3

  • Use the 5 Ethics Framework Principles to consider your professional, ethical challenges.
Patrick O'Brien & Glyn Fullelove
Finance Act 2020 & Tax Update



New clauses in response to C-19

  • Taxation of Coronavirus support
  • Enterprise management incentives - disqualifying events
  • Protected pension age of members re-employed due to C-19
  • Modifications of the statutory residence test in connection with C-19
  • Company Cars and C-19
  • Interest on unpaid tax
  • Stamp duty land tax


Enterprise tax - CGT & Business Assets Disposal Relief

  • What is Business assets disposal relief?
  • What has changed?
  • Example
  • Transitional cases
  • What's new?
  • Proposals
  • Final thoughts


Enterprise tax - Capital Allowances/Increase in rate of Structures and Buildings Allowances (SBA) and technical changes

  • Background to the measure
  • Who is likely to be affected
  • Operative dates
  • Final thoughts
  • Enhanced capital allowances
  • CO2 emmision thresholds reduction
  • Research & Development Expenditure Credit (RDEC) rate


Corporate Tax

  • Corporate tax rate
  • Digital Services Tax (DST)


Business Tax

  • Increasing the employment allowance


Personal Tax

  • UK Tax rates
  • Savings rates
  • Dividend rates
  • Scottish rates
  • Allowances & Reliefs
  • Increasing National Insurance thresholds
  • National Living Wage and National Minimum Wage
  • Income tax and National Insurance exemptions for bursary payments to care leavers
  • Increasing the flat rate deduction for homeworking
  • Tax treatment of social security benefits in Scotland


Capital Gains Tax

  • CGT rates
  • Principal Private Residences
  • Stamp Duty Land Tax


Tax Update - Glyn Fullelove ACA, CTA

  • The Basic Rules - Pre 1 July 2020
  • Rules Post 1 July 2020
  • What has changed
  • A fuss about nothing
  • Goodwill



Amanda Chadwick
HR Update: the new normal



Covid-19 update

  • What are the lessons learnt from this pandemic
  • Which policies, documents & procedures may need adding or changing
  • Making our businesses leaner and stronger


The Good Work Plan - How to apply the changes

  • The background to the plan
  • The Good Work Plan document
  • Confirmed, upcoming legal changes in April
  • Further changes to expect going forward


Changing of terms and contracts including zero-hour workers

  • What is a zero-hours contract?
  • Why are they useful?
  • What rights do zero-hours staff have?
  • The future for zero-hours contracts


Redundancies and the alternatives

  • Considering who should be made redundanct and the alternatives to redundancy
  • Establishing a redundancy business case and communicating this to staff
  • The reduncancy process, including re-hiring staff post-redundancy


Managing absence and staff engagement

  • Keeping your staff engaged
  • Absence statistics
  • What is absenteeism?
  • How do I plan for absenteeism?
  • Promoting good health
  • What are the important areas
  • Pressures outside of work
  • What can employers do?
  • Employee assistance programme


Things to consider when returning to work

  • Planning for staff returns
  • Identifying personal staff issues
  • Holding pre-return meetings
  • Managing staff reluctant to return
  • Maintaining staff morale
  • Considering staff mental health