Accounting for Pension Schemes (Jan 23)
Category: Law & Regulation and Compliance | Duration: 1hr | Tag: VODUK2302 | Type: Video | Speaker: Claire Thomson | Date: 12/01/2023 10:00
Course Details
Due to the complex nature of many schemes, accounting for pension schemes can be a difficult area for accountants to navigate. In this session, we consider both defined contribution and defined benefit pension schemes, and how they are accounted for in the financial statements of the associated sponsoring employer. We also consider financial statements of the schemes themselves, including the requirements of the Statement of Recommended Practice (SORP) for pension schemes.
In this session, Claire Thomson covers the following:
- A reminder of the different types of pension schemes
- Applicable UK law
- Accounting for pension schemes in employer financial statements
- Preparing pension scheme financial statements
CPD Course Speaker
Grant Thornton
Claire Thomson
Claire is a qualified Chartered Accountant with the Institute of Chartered Accountants of Scotland, and trained with Grant Thornton Ireland. She spent 5.5 years in corporate audit, before moving to the firm’s risk & compliance team, where she spent 6 years supporting the all-Ireland practice as their UK financial reporting subject matter expert.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she has now joined Grant Thornton Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK technical advice and support to local and international offices.
After a year in OmniPro’s Practice Support team, where she delivered webinars, developed technical content and provided post-monitoring support to firms, she has now joined Grant Thornton Northern Ireland, where she is Head of UK Financial Reporting and Accounting Technical, providing UK technical advice and support to local and international offices.