For some assets reported under FRS 102, there will be little or no numerical impact compared against treatments under old UK GAAP. However, some aspects of changing treatments under FRS 102 will have a numerical impact on your financial statements.
This course will help you, through practical example, understand the numerical impact of following FRS 102, FRS 101 and full IFRS on your financial statements, and to apply that understanding to your organisation as you make your decision about which framework to follow.
Course overview
Assets
- What is the impact of FRS 102 on borrowing costs?
- How does FRS 102 impact operating leases on the
financial statement?
- How does FRS 102 impact associates on the financial
statement?
- What is the impact of FRS 102 on joint ventures?
- How does FRS 102 impact investment property on the
financial statement?
- What impact does FRS 102 have on the valuation of
non-specialised property?
- How does FRS 102 impact the allocation of impairment
loss?
- What impact does FRS 102 have on goodwill?
Liabilities
- How are leases accounted for under FRS 102?
- What dies FRS 102 say about debt financing?
- How is convertible debt accounted for under FRS 102?
- How are foreign currency transactions accounted for
under FRS 102?
- How does FRS 102 establish deferred tax?
Income and expenditure
- How much guidance is given on revenue recognition?
- What does FRS 102 sat about hedge accounting?
- Investment property
- Joint venture
- Defined benefit plan
Expenditure
- How often are residual values assessed?
- How is impairment loss allocated?
- What is the format of financial statements?
- Where does FRS 102 stand on hedge accounting?
- How does deferred tax alter the income statement under FRS 102?