Introduction
According to gov.uk ‘From 6 April 2022, over 1,300 of the largest UK-registered companies and financial institutions will have to disclose climate-related financial information on a mandatory basis – in line with recommendations from the Task Force on Climate-Related Financial Disclosures. This will include many of the UK’s largest traded companies, banks and insurers, as well as private companies with over 500 employees and £500 million in turnover.’
This session will cover an examination of a series of topics where there are likely to be accounting implications now or in the near future concerning the impact of climate change. Issues are likely to be relevant for those following either IFRS or UK GAAP.
Key topics
Speaker
Guy Loveday, PTP Ltd
According to gov.uk ‘From 6 April 2022, over 1,300 of the largest UK-registered companies and financial institutions will have to disclose climate-related financial information on a mandatory basis – in line with recommendations from the Task Force on Climate-Related Financial Disclosures. This will include many of the UK’s largest traded companies, banks and insurers, as well as private companies with over 500 employees and £500 million in turnover.’
This session will cover an examination of a series of topics where there are likely to be accounting implications now or in the near future concerning the impact of climate change. Issues are likely to be relevant for those following either IFRS or UK GAAP.
Key topics
- achieving truth and fairness
- reclassification of financial instruments
- changes to useful life and residual value of property, plant and equipment
- component accounting issues
- sale and leaseback accounting
- impairment issues
- provisioning issues
- accounting for grants from government and charities
- deferred tax considerations including the recoverability of deferred tax assets
- global sustainability standards and understanding climate related disclosures
- impact of Companies House reform.
Speaker
Guy Loveday, PTP Ltd