FRS 102 for Auditors - Understanding Gains & Losses

Introduction

The preparation of financial statements includes the recognition of gains and losses, whether these be realised or unrealised, and accurately presenting them.

This virtual classroom session will provide insight into the accounting and disclosures requirements for the different treatments of gains and losses and the impact on distributable profits.

This session is relevant those involved in preparing and/or auditing financial statements.

What You Will Learn

This virtual classroom session will cover:

• A summary of the accounting treatment for gains and losses on areas including, property, plant and equipment, investment properties and financial instruments
• Presentation of different types of gains and losses, whether in the income statement, or other comprehensive income
• The impact on distributable profits
• Highlighting common challenges and providing practical solutions

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.