FRS 102: Introduction and presentation of financial statements online course

FRS 102 is now firmly established as the default UK GAAP regime but there are misconceptions as to its relationship to IFRS Standards and other elements of the UK GAAP regime.

Issues also still arise in respect of the presentation of financial statements, particularly in respect of options available, the impact of Company Law, and the small company requirements of Section 1A.

Price: £35 + VAT

Book now with BPP

What you will gain

• understand the source of FRS 102 and its relationship with IFRS Standards and the remainder of the UK GAAP regime
• distinguish between the various disclosure regime options set out in FRS 102
• prepare primary financial statements in compliance with FRS 102
• apply the small companies’ disclosure regime as set out in Section 1A

Course content

By the end of this course, you will have a greater understanding of:

• Introduction to FRS 102
  • UK reporting pathways
  • the derivation of FRS 102
  • relationship to IFRS
  • disclosure variations
• Presentation of financial statements
  • balance sheet and income statement
  • statement of comprehensive income
  • statement of cash flows
  • statement of changes in equity
  • statement of income and retained earnings
• FRS 102 (1A) Small entities
  • background
  • eligibility
  • content of financial statements
  • practical application issues, including the true and fair issue

Questions?

BPP | Tel: 0330 060 3303 | Email: ldicas@bpp.com