Professional Training

Pension Scheme Accounts following FRS 102 & SORP (ICAS)

BPP Professional Education, Online (+2 locations)
Length
1 day
Price
144.50 GBP
Next course start
30 April, 2024 (+4 start dates)
Course delivery
Self-Paced Online
Length
1 day
Price
144.50 GBP
Next course start
30 April, 2024 (+4 start dates)
Course delivery
Self-Paced Online

Course description

Overview

Pension scheme accounting has been subject to significant change following the introduction of FRS 102 and the revised Statement of Recommended Practice (SORP) for financial periods commencing on or after 1 January 2015.

The course will consider the accounting for Pension Schemes under FRS 102 and the Statement of Recommended Practice. It will also consider the impact of Covid 19 on the financial statements.

The course will consider the fair value and disclosure of scheme investments.

Who is this for?

The course will be relevant to all those involved in the preparation of accounts for pension schemes, including administrators, trustees, accountants and advisors. It will also assist those involved in the audit of pension scheme accounts and providing trustees with the required investment information.

What you will learn

  • Background to FRS 102 and the SORP
  • The form and content of pension scheme financial statements
  • Determining the fair value of pension scheme investment assets
  • Fair value hierarchy in valuing investments
  • Disclosure of fair value determination
  • Disclosure of investments and risks
  • PRAG Practical Guidance on Investment Disclosures and accounting for Derivatives
  • Disclosure of post balance sheet events and the assessment of going concern
  • Annuity contracts
  • AVC arrangements
  • Pension protection fund
  • Schemes in wind up
  • Review of SORP illustrative format of financial statements
  • Question and answer session on issues arising at present in pension scheme accounting

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Upcoming start dates

Choose between 4 start dates

30 April, 2024

  • Self-Paced Online
  • Online

16 August, 2024

  • Self-Paced Online
  • Online

10 October, 2024

  • Self-Paced Online
  • Online

29 November, 2024

  • Self-Paced Online
  • Online

Suitability - Who should attend?

The course will be relevant to all those involved in the preparation of accounts for pension schemes, including administrators, trustees, accountants and advisors. It will also assist those involved in the audit of pension scheme accounts and providing trustees with the required investment information.

Training Course Content

Background to FRS 102 and the revised SORPThe form and content of pension scheme financial statementsDetermining the fair value of pension scheme investment assetsFair value hierarchy in valuing investmentsDisclosure of fair value determinationDisclosure of investments and risksPRAG Practical Guidance on Investment DisclosuresAnnuity contractsAVC arrangementsPension protection fundSchemes in wind upReview of SORP illustrative format of financial statementsExperience to date in compliance with the revised SORPQuestion and answer session on issues arising at present in pension scheme accounting

Course delivery details

  • Location Name: Virtual Classroom (Online) Live
  • Learning Mode: Blended

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