The FRC issued the amendments made to FRS 102 and FRS 105 as a result of the Triennial review. These changes are mandatorily applicable for periods beginning on or after 1 January 2019 but can be early adopted before this date. Following these changes, a new version of both FRS 102 and FRS 105 incorporating these changes was issued in March 2018.
All practitioners preparing financial statements or auditing financial statements should be aware of these changes
This online CPD Course will cover the following topics:
- Sample Financial Statements for March 2018 Version of FRS 102 – Triennial review changes.
- When are changes effective from – some changes effective immediately others not so;
- The good news as a result of these changes;
- Where changes are proposed – which changes require prospective application which require retrospective application;
- A review of the changes made to FRS 102 on a section by section basis;
- A review of the changes made to FRS 105 on a section by section basis;
- Which entities should consider early adopting the March 2018 versions?
- What are the drawbacks of early adoption?
John Murphy: Tax, Corporate Restructuring and Practice Support, OmniPro
As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing his technical knowledge on tax, financial reporting and auditing.
He provides support, training and advice to OmniPro clients on financial reporting, auditing and company law matter and conducts company valuations. In addition, as a Chartered Tax Adviser, he advises on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits.
A Chartered Accountant and Qualified Financial Adviser, John has over a decade’s Big 4 experience with EY and PwC, providing tax and audit services for a portfolio of clients, ranging in scale from SMEs to multinationals.