FRS 102: Getting to Grips

Financial Fluency

Course

Online

£ 75 + VAT

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Description

  • Type

    Course

  • Methodology

    Online

  • Class hours

    4h

  • Duration

    Flexible

  • Start date

    Different dates available

As you prepare to report under the UK and Republic of Ireland Generally Accepted Accounting Practice (GAAP), understanding FRS 102 and its implications will be key to successful implementation of the new practices.

This course looks in detail at FRS 102, its concepts and principles, key definitions and how the terminology is changing. In particular, the course looks at the recognition and measurement of assets and liabilities, how to account for employee benefits as well as exploring the main differences between previous GAAP and the requirements of FRS 102.

Facilities

Location

Start date

Online

Start date

Different dates availableEnrolment now open

About this course

Getting to Grips with FRS 102 enables the learner to:
• Understand what FRS 102 its concepts and principles
• Find out about the differences from previous GAAP
• Understand the key issues when accounting for assets
• Find out how FRS 102 affects employee benefits and deferred tax
• Understand how the transition to FRS 102 will affect accounting for financial instruments

This course is designed to appeal to people working in the accounting and finance industry at all levels.

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Reviews

Subjects

  • Financial
  • Financial Training
  • Accounting
  • Accounting MBA
  • Benefits
  • Financial Management
  • GAAP
  • Corporate Finance
  • Financial Risk
  • Financial Risk Management
  • Accounting and Finance
  • Business Finance
  • Credit Finance

Teachers and trainers (1)

Financial Fluency

Financial Fluency

Online Learning

Course programme

Learning outcomes of Getting to Grips with FRS 102

Concepts, principles and presentation
• What is the scope of FRS 102 and what are its concepts and principles?
• What are the contents of a complete set of financial statements, and what are the significant differences from previous GAAP?
• What is the FRS 102 reduced disclosure framework?

Accounting for assets
• What are the main matters to be considered in relation to property, plant and equipment?
• How is investment property accounted for under FRS 102?
• What are the transition issues in relation to intangible assets?
• Are leases accounted for differently under FRS 102?
• What are the main principles of FRS 102?

Employee business benefits combinations and deferred tax
• How will employee benefits be accounted for under FRS 102?
• What are the changes in relation to business combinations and goodwill?
• What are the requirements for accounting for deferred tax under FRS 102

Accounting for financial instruments
• Why is accounting for financial instruments likely to represent a
significant issue on transition to FRS 102?
• How are financial instruments classified?
• How are basic financial instruments measured?
• What are the requirements in relation to non-basic financial instruments?

See related categories

FRS 102: Getting to Grips

£ 75 + VAT

The best Banking and Financial Services courses

See all

See all