FRS 102 – Session 1 & 2

Speaker:   |  CPD Hours: 6

Price £395 plus VAT

New dates coming soon.


The FRS Applicable in the UK and Republic of Ireland

FRS 102 is based on an amended version of the international framework, the IFRS for SMEs. For entities previously using the SSAPs and FRSs of the former UK GAAP, the new framework presented some significant reporting challenges, although it does offers some reprieve for those entities who are eligible to take the reduced disclosure option, and for others that are small enough to apply section 1A of the standard. At first glance FRS 102 looks very similar to the former UK GAAP, but the devil is in the detail and there are still many aspects of the standard that are not always correctly applied as they differ from former UK GAAP.

This course will explain the main reporting requirements for an FRS 102 user, including changes from the latest triennial review. It will identify and probe the accounting requirements and clarify the mandatory requirements that are often overlooked or misunderstood

The course is broken down into two 3-hour modules over to separate days.


Day 1 – Session 1 – 9.30am – 12.30pm

  • The UK Framework options
  • Presentation of financial statements
  • Accounting policies, changes in estimates and errors
  • Related party disclosures
  • Revenue
  • Employee benefits, including pensions
  • Income taxes – deferred tax
  • Provisions and contingencies

Day 2 – Session 2 – 9.30am – 12.30pm

  • Property, plant and equipment
  • Intangible assets, excluding goodwill
  • Investment property
  • Leases
  • Impairment of assets
  • Inventories
  • Financial instruments – transactions at non-market value
  • Foreign currency translation


This course is aimed at any accountants and other finance professionals looking for improve or refresh their knowledge of the accounting treatment required by FRS 102.

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