FRS 102 and FRS 105 Training Courses (2 Days)

The FRS 102 and FRS 105 Training Courses offer an in-depth exploration of the key standards shaping SME accounting in the UK and the Republic of Ireland. The FRS 102 Training Course focuses on financial reporting principles, covering asset recognition, measurement, revenue recognition, lease accounting, and disclosure requirements. In contrast, the FRS 105 Training Course delivers a simplified reporting framework tailored specifically for micro-entities.

This masterclass emphasises the practical application of FRS 102 and FRS 105. Participants will work through financial statement preparation and real-world accounting scenarios. They will also gain critical insights into upcoming major changes to FRS 102, including revised approaches to revenue recognition, lease accounting, and financial instruments. In addition, the workshop addresses significant modifications to fair value measurement, uncertain tax positions, and business combinations. It also covers a revised Conceptual Framework under an extensively updated Section 2, among other critical changes.  These developments represent a fundamental shift in SME accounting standards. Finance professionals must fully understand and prepare for their impact to remain compliant and effective in financial reporting.

This FRS 102 and FRS 105 Training Course provide essential clarity on the application of significant accounting changes. Participants will develop the expertise to correctly implement new requirements and ensure fully compliant financial statements, safeguarding transparency and stakeholder confidence.