Price: AED 378
- Duration: 4 Hours
Course details
As you prepare to report under the UK and RoI Generally Accepted Accounting Practice (GAAP), understanding FRS 102 and its implications will be key to successful implementation of the new practices.
Getting to Grips with FRS 102 enables you to:
- Understand what FRS 102 is; its concepts and principles
- Find out about the differences from previous GAAP
- Understand the key issues when accounting for assets
- Find out how FRS 102 affects employee benefits and deferred tax
- Understand how the transition to FRS 102 will affect accounting for financial instruments
Learning Outcomes
Concepts, Principles and Presentation
- What is the scope of FRS 102 and what are its concepts and principles?
- What are the contents of a complete set of financial statements, and what are the significant differences from previous GAAP?
- What is the FRS 102 reduced disclosure framework?
Accounting for Assets
- What are the main matters to be considered in relation to property, plant and equipment?
- How is investment property accounted for under FRS 102?
- What are the transition issues in relation to intangible assets?
- Are leases accounted for differently under FRS 102?
- What are the main principles of FRS 102?
Employee business benefits combinations and deferred tax
- How will employee benefits be accounted for under FRS 102?
- What are the changes in relation to business combinations and goodwill?
- What are the requirements for accounting for deferred tax under FRS 102
Accounting for financial instruments
- Why is accounting for financial instruments likely to represent a significant issue on transition to FRS 102?
- How are financial instruments classified?
- How are basic financial instruments measured?
- What are the requirements in relation to non-basic financial instruments?
Updated on 08 November, 2015
About Institute of Chartered Accountants of Ireland
Chartered Accountants Ireland (The Institute) is a membership body representing 23,000 influential members throughout the globe. their role is to educate, represent and support their members. their members work in senior positions in practice and industry. they are committed to restoring confidence at every level of the economy. they work with governments and businesses to raise awareness of the importance of sound financial advice.
Chartered Accountants Ireland was established as the Institute of Chartered Accountants in Ireland by Royal Charter in 1888. Its activities and those of its members are governed by its Bye-Laws and by Rules relating to professional and ethical conduct. These provisions are contained in the Handbook which is available to all members.
Chartered Accountants Ireland is governed by a Council and it is responsible for determining policy and monitoring its implementation. Council is lead by the Officer Group and supported by the Management Team and staff. A number of committees with voluntary member involvement also play a key role.
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