Accounting for Listed Entities

This course has been designed to compare and contrast the accounting requirements of those companies that are listed on either the AIM market, Plus Market or as a fully listed company with the regulations which apply to private companies.

The course will concentrate primarily on the additional obligations imposed by the relevant listing rules but it will also consider the other differences that exist within the legislation and within specific accounting standards.

The course is organised so that the three alternative sets of rules will be considered under the following topic headings. The course will also consider the audit issues raised by the additional obligations placed upon the management when an entity becomes AIM listed.

Course Content:

Regulatory environment

• Companies Act 2006 categories of company and the basic framework; SME, other private and listed
• What is defined as ‘listed’ for different reporting purposes; Companies Act, APB, ASB
• Summary of listing requirements for annual and interim reports for Full, AIM and Plus listed companies
• IFRS/ UKGAAP options and the implications of joining and moving between markets
• Options within IFRS and UKGAAP Standards – overview

Narrative reports

• Accounting policies and uncertainties – the basic requirements
• Directors report contents and the review of the business
• Operating and financial reviews
• Other additional statements and summaries – regulatory framework and reporting obligations

Directors and management information

• Directors’ interests, changes in directors, loans and other transactions with directors and other key reportable events
• The directors’ remuneration report; legal, listing and accounting disclosure obligations – including for share option arrangements
•  Corporate governance statements and the obligations of management and advisors

Additional listed company statements

• Segmental reporting obligations

•  Interim reports

Other reporting concessions and options

•  Related party transactions and the exemption for wholly owned subsidiaries
•  Consolidated and individual company statements of cash flow
• Group and holding company profit and loss statements
• Statutory concessions and exemptions from consolidation for example

Concluding points

• Future developments and plans – the future for UKGAAP (overview)
•  Key contentious issues for advisors

Training Courses in Banking and Corporate Finance

Redcliffe is a banking and corporate finance training company which specialises in the delivery of bespoke courses to the financial community. It is run by the trainers themselves, all of whom have many years of practical experience at senior levels.

Our programmes are delivered both on an open basis in the City of London and also on an in-house basis for investment banks, stockbrokers, corporate financial advisers, accountants, lawyers and corporates. Redcliffe has a very prestigious client base and during the past two years it has delivered in-house seminars to many leading financial institutions and professional advisers. During 2007 and 2008 almost 3,500 executives attended Redcliffe's open courses. In 2009 Redcliffe will also present some of its courses in Manchester.

The topics that we cover include all areas of corporate finance (including mergers and acquisitions, buy-outs, debt finance, restructuring, valuation, modelling and regulation), banking (including treasury products, risk management and trade finance), project finance (including PPP / PFI), accounts topics, tax and property (including REITS and sale and leaseback).

Details of over 130 courses which Redcliffe can present can be found under Courses and Dates on our website. Most of these are presented on a public basis and all of them may be presented in-house to the client's specification.