2024-25 Update: The Year in Accountancy

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The world has transformed at lightning speed in recent years. This course reviews the key headlines, developments and trends of the past year, to help you understand the implications for the profession, and plan your response.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

2024-25 Update: The Year in Accountancy

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

2024-25 Update: The Year in Accountancy

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Navigate the current challenges and opportunities facing the accounting profession
  • Consider how geopolitics and large scale economic events impact smaller organisations
  • Understand the consequences of audit, accounting and business failures on jobs, markets and public trust
  • Start to embrace AI, and its role in accountancy, safely and ethically
  • Keep on top of changes in financial reporting including sustainability reporting and IFRS

About the course

2024 has been a whirlwind. The climate, AI, updated regulations, cybersecurity, remote working dynamics, and client expectations are all contributing to a changing and challenging accounting landscape.

This course reviews the key headlines, developments and trends of the past year, to help you understand the implications for the profession, and plan how to respond accordingly.

Contents

Challenges

Key challenges for the profession
How the year began
Climate change: stormy days ahead
Taxing times
Insurance cost pressures

Failures

Why failures matter
Evergrande: property under the microscope
Geopolitics: China and the US
H2O: a sorry state of affairs
The Post Office scandal
Financial crime: a risk-based approach

Economics

Economics and uncertainty
Where the year started
Inflation easing
Elections, elections, elections
Good and bad news

Technology

Productivity and making life easier
Recent trends
Accounting tools
Klarna: generative AI in action

Audit

The importance of professional scepticism
Growing audit complexity
When things go wrong in the accounts
The rise and rise of AI in audit
Public practice certification

Reporting

The opportunities of change
IFRS 18 makes its appearance
Accounting for greenhouse gas emissions
Sustainability standards: another step forward

How it works

Author

accountingcpd

This course has been written by the accountingcpd author team.