2025-26 Update: Accounting for Specific Sectors
Do you feel confident about understanding the needs of your clients across a variety of sectors? This course explores some specialist areas that have specific accounting, reporting and audit requirements, including charities, academy trusts, pension schemes and the SRA Accounts Rules.
2025-26 Update: Accounting for Specific Sectors
This course will enable you to
- Discuss the status of the Charities SORP and upcoming amendments
- Recognise changes in the 2024/25 Accounts Direction for academy trusts
- Outline the different approaches required when accounting for defined contribution and defined benefit pension plans
- Understand the elements to consider when accounting for pension funds
- Explain the correct use of suspense accounts and requirements around bank reconciliations for solicitors
- Address common problems that arise when accounting for these specialist areas
About the course
Many accountants feel confident with general reporting, but supporting clients in specialist sectors can introduce added complexity. Each area brings unique compliance risks and accounting challenges, and falling behind the latest guidance can have real consequences.
This course offers a clear overview of the accounting, reporting, and audit requirements across four key areas: charities, academies, pension schemes, and solicitors under the SRA Accounts Rules. You’ll examine upcoming changes to the Charities SORP, key updates in the 2024/25 Accounts Direction for academy trusts, and core principles of pension scheme accounting from both employer and fund perspectives. It also draws attention to common pitfalls and sector-specific challenges accountants frequently encounter.
By the end of the course, you’ll be equipped to offer better support to clients in these sectors – and do so with greater confidence, accuracy, and insight.
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