Financial reporting > UK/US GAAP

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FRS 102 refresher

This course explains the key features of FRS 102. A refresher of other areas such as leases, foreign exchange, key balance sheet and income statement areas.

How to account for key balance sheet areas.
How to account for key income statement areas.
How to account for other important areas.
Key differences compared with old UK GAAP and/or IFRS, such as intangible assets and goodwill amortisation.

Duration

1 day

Location

London

FRS 102 advanced topics

For those who already have some familiarity with FRS 102, and are looking to explore in more detail some of the more technically challenging areas.

Deferred tax.
Employee benefits (including pensions).
Share-based payments.
Business combinations.

Duration

1 day

Location

London

FRS 102 update – staying on top

A half-day course to help you stay on top of the changes to FRS 102 coming from FRED 67, and how IFRS 9, 15 and 16 may be incorporated into FRS 102.

Update on FRED 67 changes incorporated into FRS 102.
Update on the possible increased IFRS convergence.
Other topical issues.

Duration

Half day

Location

London

FRS 102 refresher for the charity sector

A half-day course looking at common issues regarding FRS 102 and the risks that it poses for auditors.

An overview of the regulatory framework.
An overview of key balance sheet and SOFA areas.
An overview of other areas such as leases and cash flow statements.

Duration

1 day

Location

London

FRS 102 current pitfalls and risks – for auditors

A half-day course looking at common issues that have been identified with regards to FRS 102 and the risks that it causes for auditors.

The key risk areas under FRS 102.
Where has it gone wrong in the past (themes identified from QAD visits).
Understand common issues identified from technical helpline calls.
What can you do to ensure that you manage these risks effectively in the future.

Duration

Half day

Location

London

Introduction to US GAAP

Learn the rationale behind the change for lease accounting on US GAAP and be well prepared to implement it within your organisation.

Balance sheet areas: fixed assets, current assets, liabilities, provisions, share capital.
Income statement areas: revenue recognition (an introduction to), compensated absences, extraordinary items.
Other areas: accounting, policies, cash flow statements, leasing.

Duration

Duration

Location

London

US GAAP update

This practical course takes you through how to adopt the new guidelines in a robust fashion and manage your risks.

Overview of the regulatory framework.
Introduction to the new Revenue standard.
Introduction to the new Leases standard.
Any other significant developments in US GAAP.

Duration

Half day

Location

London

US GAAP Leases – managing the risks

Get up-to-date with the latest developments and proposals regarding US GAAP.

Rationale for the accounting change.
An overview of the new framework for leases.
Contracts with lease and service components.
The systems and process changes you will need to implement and when.
Practical exercises to aid understanding.
The commercial impact of the changes and a discussion to how these should be managed.

Duration

Half day

Location

London

US GAAP Revenue – managing the risks of first time adoption

This practical course takes you through how to adopt the new guidelines in a robust fashion and manage your risks.

The new "five-step" approach to recognising revenue.
Multiple element arrangements.
Practical issues.
Transitional options and implications.

Duration

Half day

Location

London