Overcoming challenges for the railway - COVID-19 and accounting for barter transactions


22 September, 2021

6:30 pm - 8:00 pm BST


Overcoming challenges for the railway - COVID-19 and accounting for barter transactions

Location: Virtual

  • Format


  • Type


  • Duration

    1h 30m

Your CIMA East Midlands & East Anglia Area invite you to join this virtual event, to hear from Ian Ramshaw – Group Chief Accountant, also Joshua Simms – Financial Controller, at Network Rail, on challenges which the organisation has faced in the past year, and which it is continuing to face, both generally in terms of COVID-19 and more specifically, on accounting for barter transactions.

Full description

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Professional development

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Duration:1h 30m
Access:This is a live event. You will receive information about the location, materials, and attendance after purchasing.

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Programme outline

It has been a challenging year for the railway, but also a year of opportunities. Joshua will discuss how Network Rail and the rail industry have changed – and are continuing to change to meet the ongoing challenge COVID has created, with still some way to go and many unknowns. Ian will provide insight into a case study on how to account for barter transactions, both in the context of Network Rail, and providing pointers for other industries.

The learning outcomes from this presentation include:

  • Challenges Network Rail finance faced during the pandemic.
  • Best practice accounting for barter transactions.
  • Ideas on overcoming accounting challenges in your industry.

Who will benefit ? Those of you who are in middle-management accountant, also financial accountant, roles, in the public sector, also senior-management roles, and those of you who are purely interested in this topic area.

Speaker’s details: Ian Ramshaw, Group Chief Accountant at Network Rail, has over 15 years of experience working at the organisation and currently leads the team that delivers statutory reporting for Network Rail. This includes looking after accounting policy, taxation, financial and cash modelling, as well as providing clarity over tax and accounting frameworks for the Network Rail Group.

Joshua Simms, Head of Governance - Risk and Assurance at Network Rail, has worked in the rail industry since 2008, more often than not in finance roles in capital delivery and signalling. Following the release of the Williams-Shapps Plan for Rail, Joshua is now helping Network Rail to unlock financial savings from industry reform.