FRS 102 Comprehensive Understanding – Day 1
Course
In City of London
Description
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Type
Course
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Location
City of london
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Class hours
6h
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Duration
1 Day
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Start date
Different dates available
The mutually exclusive two days of this programme are designed to provide a thorough understanding of the accounting treatment and financial reporting requirements under FRS 102 for all key items – in a practical and relevant way accompanied by illustrative examples. This course also includes an update on significant new developments and a helpful comparison to ‘old’ UK GAAP. As the days are mutually exclusive, it is possible to book only one of the days. See what is covered on Day 2.
NOTE: this course does not cover first time adoption of FRS 102 in depth – for that we suggest our Adoption of FRS 102 course.
Facilities
Location
Start date
Start date
About this course
This course is ideal for any accountants or other finance professionals looking for a thorough understanding of the accounting treatment required by FRS 102.
Reviews
Subjects
- Income Tax
- Accounting
- Financial
- Accountancy
- Financial Training
- Financial Statement
- Liability
- Asset
- Investment Properties
- UK GAAP
- Intangible Assets
Teachers and trainers (1)
Hermien Bonthuys
Teacher
Hermien is an independent trainer specialising in IFRS, UK GAAP, US GAAP, developments and changes in the accounting standards, ISAs, practical auditing skills for audit, financial reporting, and soft skills for business professionals. Previously, Hermien gained valuable practical experience at Deloitte and Touche here she performed and managed audit engagements, and also provided consulting services to high profile clients.
Course programme
- Overview of the new UK Accounting Standards regime and where FRS 102 fits in
- Financial statements required by FRS 102 (replacement of most of the financial statements as they have been required by previous UK GAAP)
- Property, Plant & Equipment, Intangible assets, Impairment of Assets (IAS 23)
- Investment properties
- Accounting policies, estimates and errors
- Inventory
- Provisions, accruals and contingent liabilities/assets
- Income tax (current and deferred)
- Government grants
- First time adoption of FRS 102 (see NOTE above)
- FRS 102 Section 1A – summary of the reduced disclosures required for small entities
Resources provided include a user-friendly, comprehensive material pack, illustrative examples and case studies – including calculations and journal entries and a link to a complete set of accounts prepared under FRS 102.
FRS 102 Comprehensive Understanding – Day 1