Navigating Complex Accounting Issues Under FRS 102

Introduction

The latest version of FRS 102 was published in March 2024 and it continues the process of including more, IFRS style, complex accounting issues within UKGAAP for SMEs.

This new virtual classroom seminar will look at some of the more common challenges that can arise when preparing accounts in accordance with FRS 102 and FRS 102 (1a).

What You Will Learn

This live and interactive session will cover the following:

• Accounting for a basic bank loan - how does amortised cost accounting work
• Directors’ loan accounts - reporting and accounting for current and long-term agreements
• Revaluations of properties and the deferred tax impact - for investment and other properties
• Lease accounting for on and off-balance sheet short term lease agreements. The calculation of required dilapidation provisions
• Goodwill and intangible assets - when to report, how to value and the amortisation requirements
• Related party transactions - key disclosures required

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.