FRS 102: Choosing between alternatives

Concepts and formats
• What are the different strategic approaches to financial reporting?
• How are different levels of guidance provided by each reporting framework?

• What are the differences in formats and documents required by each reporting framework?
• What are the different levels of disclosures required by each reporting framework?
• What are the transitional requirements to a new reporting framework?

Assets and liabilities
• What are the different reporting and disclosure requirements for financial instruments?
• How does the IFRS developments in financial instrument reporting effect these differences?
• What are the different approaches to accounting for associates and joint
ventures?
• How do these different approaches impact the financial statements?
• What are the different approaches to impairment and the impact on the financial
statements?
• What does the reporting of liabilities in respect of provisions and convertible debt
include?
• What are the different approaches to accounting for leases and how are they
impacted by the current developments?

Income and expenditure
• How is reported profit impacted by the different approaches to borrowing costs?
• What are the similarities and differences between each reporting framework
in accounting for employee benefits and share based payments?
• What are the similarities and differences in accounting for deferred taxation?
• What is the impact of foreign transaction on reported profits and reserves?
• What does the disclosure of related party transactions state?
• What accounting is required for events after the reporting period?

Consolidation
• What are the different approaches to establishing control?
• What are the different approaches to the initial recognition and subsequent measurement of goodwill?
• What are the different consolidation exemptions?
• How do I account for acquisitions and disposals and related gains, losses, surpluses and deficits?