How to Deal with Complex Accounting Treatments under FRS 102

Introduction

The accounting treatments for certain transactions under UK GAAP can be confusing. Added to this problem is the fact that invariably the tax treatment of transactions follows the accounting treatment (especially under standards such as FRS 102). Therefore, if the accounting treatment is wrong, the chances are the tax treatment may also be wrong.

Accounts prepared under UK GAAP must present a true and fair view and it is important that preparers have a sound understanding of the requirements of UK GAAP. This Learn Live session will examine some of the more complex accounting treatments under FRS 102 and FRS 105.

In addition, this live broadcast session will review the changes arising from the FRC’s triennial review and answer your questions.

What You Will Learn

This live interactive session will cover the following:

• Accounting for a basic bank loan under FRS 102
• Accounting for directors’ loans under FRS 102 including the disclosure requirements
• Dealing with related party disclosures under full FRS 102 and FRS 102, Section 1A Small Entities
• Accounting for goodwill and other types of intangible assets
• Revaluation of tangible fixed assets
• Accounting for investment properties and associated deferred tax
• When and when not to discount financing transactions to present value
• Making the transition from FRS 102 to FRS 105 (and vice versa)
• Disclosing accounting policies and the pitfalls to avoid
• Update on future changes to UK GAAP

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.