FRS 102 – Accounting for Fixed Assets
Course
In City of London
Description
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Type
Course
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Methodology
Inhouse
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Location
City of london
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Class hours
6h
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Duration
1 Day
This course is an introduction to accounting for fixed assets under FRS 102 in the UK and provides a practical guide on how to approach accounting for fixed assets. It will involve case studies to illustrate all aspects of fixed asset accounting and will cover recent accounting issues. It will be a comprehensive guide for those in industry and commerce and will also be useful to those in public bodies. The impact of, and comparison with, IFRS will be discussed. Case studies will be used throughout to illustrate accounting entries.
Facilities
Location
Start date
Start date
About this course
This is designed as an introduction for staff in industry and commerce and will also be useful to those in public bodies who are involved in accounting for fixed assets.
Reviews
Subjects
- Fixed Assets
- Financial Accounting
- IAS
- IFRS
- Fixed Income
- Accounting
- Approach
- Public
- Industry
- Accountancy
- FRS 102
- Accruals Accounting
- Capital revenue
Teachers and trainers (1)
Derek Taylor
Teacher
Derek is CEO of Taylor Associates (International) Ltd., a prominent financial training company which was established in 1993, specializing in derivatives, capital markets, risk and treasury training. He has personally trained in banks, brokers, asset managers, hedge funds and corporations both in the UK and overseas. Derek’s career started in Midland Bank Group Treasury working across a broad product range including Money Markets, Foreign Exchange, Equity and Fixed income.
Course programme
The basis of accounting for fixed assets
- Accruals accounting
- Capital v revenue expenditure
- The concept of depreciation
Recording of tangible fixed assets
- Purchases, disposals, depreciation, revaluation and impairment
Treatment of other fixed assets
- Leased assets, property and investment properties and intangibles
An overview of how the introduction to FRS 102 will impact on accounting for fixed assets
FRS 102 – Accounting for Fixed Assets