Content of Course

This course provides an update on the amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland published 10 September 2024 that is applicable for accounting periods commencing on or after 1 January 2026. The course is designed to equip delegates with the essential knowledge and practical understanding of the amendments to measurement, recognition and the disclosures requirements. The course focuses on key principles and differences from the previous version of FRS 102. The course covers

• Amendment of the standard and practical application
• Section 1A changes
• Revenue recognition and the five step model
• Lease accounting and the move to on balance sheet accounting
• Other incremental improvements
• Disclosure requirements
• Implications of adopting FRS 105
• Transitional implications