FRS 102: Choosing between the alternatives


Have you decided which of the new accounting frameworks your or your client's organisation should follow?

This course is provided by a third party provider and the fee charged is exclusive of VAT. 

Venue details:  
Online EU, ,
Start date & time:  
01 January 2021 00:00
End date & time:  
01 January 2022 00:00
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
3.50 Training Tickets accepted
CPD hours:  
Speaker details
First nameLast name
AccountingCPD. net


Product type:  
CPD online course
Category:, Financial reporting

Booking with a Training Ticket

Once you have booked your course, you will receive an email with your booking confirmation. The steps you will need to follow to access your online course will arrive in a separate email within 48 hours of your order being processed

Please be aware that participants will have access to this course for 120 days from the date of receiving access via email notification

Course Overview

The removal of UK GAAP makes a decision necessary and to make it you'll need to be aware of the key differences between FRS 102, FRS 101 or full IFRS. The decision should be made based on the specific accounting situations you or your client face, as one framework won't suit all businesses.

This course will help you to understand the impact of each framework on assets, liabilities, income and expenditure, so that by the end of the course you will be in a position to decide which framework best suits your organisation.

Concepts and formats

  • What are the different strategic approaches to financial reporting?
  • How are different levels of guidance provided by each reporting framework?
  • What are the differences in formats and documents required by each reporting framework?
  • What are the different levels of disclosures required by each reporting framework?
  • What are the transitional requirements to a new reporting framework?

Assets and liabilities

  • What are the different reporting and disclosure requirements for financial instruments?
  • How does the IFRS developments in financial instrument reporting effect these differences?
  • What are the different approaches to accounting for associates and joint ventures?
  • How do these different approaches impact the financial statements?
  • What are the different approaches to impairment and the impact on the financial statements?
  • What does the reporting of liabilities in respect of provisions and convertible debt include?
  • What are the different approaches to accounting for leases and how are they impacted by the current developments?

Income and expenditure

  • How is reported profit impacted by the different approaches to borrowing costs?
  • What are the similarities and differences between each reporting framework in accounting for employee benefits and share based payments?
  • What are the similarities and differences in accounting for deferred taxation?
  • What is the impact of foreign transaction on reported profits and reserves?
  • What does the disclosure of related party transactions state?
  • What accounting is required for events after the reporting period?


  • What are the different approaches to establishing control?
  • What are the different approaches to the initial recognition and subsequent measurement of goodwill?
  • What are the different consolidation exemptions?
  • How do I account for acquisitions and disposals and related gains, losses, surpluses and deficits?