2017-18 Update: UK and Ireland GAAP

by accountingcpd

This course covers the key issues in UK and Ireland GAAP, namely FRS 102 and FRS 105 and the impact of those developments on your role and organisation.

This course is not currently available

This course will enable you to

  • Considerations for first-time adopters of FRS 102
  • Accounting treatments and the differences between them
  • Disclosures required under FRS 102
  • FRS 105: Micro-entities

About the course

Since the new UK and Ireland GAAP was introduced, many companies have already adopted the new reporting standards. Now that the transition is in full swing there are lessons that can be learned from those who have already implemented new UK and Irish GAAP.

This course covers the key issues in UK and Ireland GAAP, namely FRS 102 and FRS 105 and the impact of those developments on your role and organisation.

Look inside

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Contents

  • Adopting FRS 102
    • Who is required to use FRS 102?
    • When are you required to make the transition?
    • Why do you need to tailor your accounting policies?
    • What exemptions may apply to first-time adopters?
  • Accounting treatments
    • What are the requirements relating to property, plant and equipment?
    • What's different about the revaluation model?
    • How do you account for investment property?
    • What's the scope for deferred tax?
    • What's changed regarding intangible assets other than goodwill?
    • What's changed with regard to leases?
    • How do you treat off-rate loans?
    • How do you avoid measurement differences?
  • Disclosures and future developments
    • What are the disclosure requirements?
    • How can you make sure you give a true and fair view?
    • What are the proposed future changes to FRS 102?
  • Micro-entities
    • Who is eligible to adopt FRS 105?
    • What are the key features of FRS 105?
    • How do you present financial statements in FRS 105?
    • What disclosures are required?
    • How does FRS 105 deal with accounting treatments?
    • What should a company consider before adopting FRS 105?

How it works

Author

accountingcpd

This course has been written by the accountingcpd author team.

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