Course description
Delegates
This course will provide a comprehensive but concise overview of the UK financial reporting framework, useful to anyone who has to prepare financial statements or is involved in managing statutory reporting at the group or regional level on a regular basis plus those who are returning to such a role. This course is for you if you need to understand what has changed in UK financial reporting to assess the impact of these changes on your role.
Course Content
This two and a half day course provides an essential overview of the UK financial reporting framework. The course covers the main requirements of various sections of FRS 102 and provides practical examples and illustrations throughout to demonstrate key treatments and disclosures required by the new standard.
If you would like to view each module individually, please use the below links:
- FRS 102 - A Comprehensive Refresher - Module 1 - Principles and Presentation
- FRS 102 - A Comprehensive Refresher - Module 2 - Asset And Liabilities
- FRS 102 - A Comprehensive Refresher - Module 3 - The Income Statement
- FRS 102 - A Comprehensive Refresher - Module 4 - Financial Instruments
- FRS 102 - A Comprehensive Refresher - Module 5 - Group Accounting Issues
Book the series or chose individual workshops
Learning outcomes include obtaining a greater understanding of:
- The UK regulatory environment
- Convergence with international financial reporting standards
- Format and content of financial statements
- Comprehensive guidance on the accounting treatments and the main disclosures required under FRS 102, focusing in particular on the following areas:
- Income statement issues, including:
- Revenue recognition
- Employee benefits
- Share based payments
- Income tax
- Government grants
- Foreign exchange
- Income statement issues, including:
- Fixed assets
- Current assets
- Liabilities and provisions
- Financial instruments
- Disclosures
- Group issues
Dates
In order to provide reflection time, the two and a half days of the full programme will be separated with roughly a week in between each day - with the first two days being full days and the third day being a half-day session
The programme will be running on:
- 1 February, 8 February & 13 February (PM) 2024
- 9 May, 16 May & 23 May (AM) 2024
- 6 August, 13 August & 15 August (AM) 2024
- 1 November, 8 November & 11 November (AM) 2024
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Upcoming start dates
Outcome / Qualification etc.
- The UK regulatory environment
- Convergence with international financial reporting standards
- Format and content of financial statements
- Comprehensive guidance on the accounting treatments and the main disclosures required under FRS 102, focusing in particular on the following areas:
- Income statement issues, including:
- Revenue recognition
- Employee benefits
- Share based payments
- Income tax
- Government grants
- Foreign exchange
- Balance sheet issues, including
- Fixed assets
- Current assets
- Liabilities and provisions
- Financial instruments
- Disclosures
- Group issues
Training Course Content
UK GAAP as we know it has come to an end and there are radical changes. FRS 102 is applicable for accounting periods starting on or after 1 January 2015, i.e. 31 December 2015 was the first year end to apply this standard. This standard based on IFRS replaces most existing UK accounting standards.
This two and a half day course provides an essential overview of the new UK financial reporting framework. The course covers the main requirements of various sections of FRS 102 and provides practical examples and illustrations throughout to demonstrate key treatments and disclosures required by the new standard.