Topics covered will include:
How to avoid common mistakes when applying FRS 102
FRS 102 has been effective for accounting periods beginning on or after 1 January 2015 (and 1 January 2016 for those reporting under the small companies’ regime). In this first swathe of reporting under the new financial reporting framework many entities have struggled with the practical implementation of some of the new rules. In addition, regulators have identified some common mistakes made in FRS 102 financial statements. We address some of these issues and how to avoid these common pitfalls.
Amendments to the new financial reporting framework
A number of amendments have been made to the new accounting standards which are applicable to accounting periods beginning in 2017.
Expected changes to FRS 102 and FRS 105
The Financial Reporting Council has issued an exposure draft describing their proposed changes to FRS 102 (and their consequential impact on FRS 105). Many of these changes will be applied retrospectively and hence will impact the 2018 comparative figures in 2019 financial statements. Although most of these changes will be welcome there are some which are more contentious and are currently subject to debate.
Who should attend?
This seminar is aimed at anyone who would like to understand the key accounting and financial reporting issues impacting 2017 year ends onwards, including Finance Directors and Financial Controllers reporting under FRS 102 or applying FRS 105.
Updates will be led by Josephine Tyrrell, an expert from our Financial Reporting Advisory team. Josephine is responsible for internal technical accounting training. On qualifying as a Chartered Accountant she worked for a number of years as an auditor both in the UK and overseas. Before joining Mazars, Josephine worked at a professional tutorial college where she wrote and presented many IFRS and UK GAAP financial reporting courses.
Dates and Locations
All seminars will be 90 minutes duration.
If you would like to attend please register online or email the local contact above.