FRS 102: Impact on systems and data


Have you thought through the consequences of the new reporting framework for your systems and data?

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 for120 days from the date of receiving access via email notification

Course Overview

With the introduction of a new financial reporting framework, there is a great opportunity to reassess the flow of data from the transaction through to financial statement. For accounts to be produced efficiently, data must flow from the transaction to management accounts to statutory accounts without the need for manual intervention.

This course will help you to explore potential opportunities for an entity to make the best use of its systems to increase efficiency. You will understand how to identify opportunities, and how to create efficiency and automation in the production of your financial statements. This course will enable you to:

Information requirements

  • How does FRS 102 review residual values?
  • How does FRS 102 review impaired assets?
  • What does FRS 102 say about componentisation?
  • What choices does FRS 102 give an entity borrowing costs?
  • Inventory
  • Consolidated accounts

Financial instruments

  • What policy choice needs to be made on financial instruments?
  • What does amortised cost consist of?
  • What does FRS 102 say about fair values?
  • Hedging
  • Impairment
  • Disclosure

Efficiency through coordination of systems and simplification of measurements

  • Where do share-based payments source their data?
  • Measurement
  • How does FRS 102 measure pension liability?
  • Net finance cost
  • How does FRS 102 approach accounting with the use of fair values?

Format of accounts, leases and revenue recognition

  • Format of financial statements
  • Leases
  • Revenue recognition
  • What are award credits?
  • Policy on rendering of services and construction contracts
  • Cumulative position