Course Summary

Duration6.5 hours

PresenterChristy Kearney

Course Details

FRS 105 – A Comprehensive Review

Duration3 hours

PresenterChristy Kearney

  • What entities can use FRS 105
  • What accounting periods it will relate to?
  • The principle recognition & measurement rules in FRS 105
  • The problems avoided by applying FRS 102
  • Transition requirements from the previous Accounting Framework (FRSSE or FRS 102)
  • The Formats of the Financial Statements required under FRS 105

Section 1A FRS 102

Duration1.5 hours

PresenterChristy Kearney

  • What entities can use Section 1A
  • What accounting periods it will relate to?
  • The principle disclosure exemptions permitted in Section 1A
  • The problems avoided by applying Section 1A
  • The Formats of the Financial Statements required under Section 1A

FRS 102 Revisited

Duration1 hour

PresenterChristy Kearney

Revision of the key recognition & measurement rules of FRS 102

  • PPE
  • Investment Properties
  • Intangibles
  • Leases
  • Impairment of non-current assets
  • Liabilities
  • Employee Benefits
  • Government Grants
  • Related Payments

FRS 102 Problem Areas

Duration1 hour

PresenterChristy Kearney

  • Non market rate loans
  • Shares classified as liabilities
  • Amortised cost measurement of loans & financial assets
  • Deferred Tax
  • Income Tax surcharges