UK GAAP Masterclass | Practical Workshop on FRS 102 and FRS 105 for SME Financial Reporting
Join our FRS 102 and FRS 105 Masterclass in Edinburgh, designed to help finance professionals master the UK GAAP reporting framework for SMEs and micro-entities. With significant amendments taking effect from January 2026, understanding these changes is crucial for financial professionals.
This UK GAAP Masterclass provides practical insights into updated accounting principles, their applications, and compliance requirements. Whether you are an accountant, auditor, business owner, or financial professional, this course will equip you with the knowledge needed to comply with evolving financial reporting standards.
FRS 102 governs financial reporting for SMEs in the UK and Ireland. It outlines requirements for asset and liability recognition, revenue measurement, lease accounting, financial instruments, and disclosure obligations. The latest changes introduce a five-step revenue recognition model, requiring revenue recognition based on control transfer. Lease accounting now follows a revised model, eliminating the distinction between finance and operating leases. The classification and measurement of financial instruments have also been updated, improving transparency and consistency in financial reporting.
FRS 105 offers a simplified reporting framework for micro-entities, reducing disclosure requirements while maintaining financial integrity. Recent amendments refine revenue recognition principles, enhance financial statement presentation, and improve consistency with broader financial reporting frameworks. These updates aim to simplify compliance while ensuring financial transparency.
Understanding FRS 102 and FRS 105
This course will help you:
- Understand the structure, principles, and scope of FRS 102 and FRS 105
- Learn how to apply the latest 2026 amendments to financial reporting
- Implement the new revenue recognition and lease accounting models
- Navigate recent changes to financial instrument classification and measurement
- Apply the latest fair value measurement and impairment requirements
- Identify key differences between SME and micro-entity reporting requirements
- Develop expertise in preparing financial statements that align with new standards
This training is essential for professionals looking to stay ahead of evolving accounting standards. By understanding how to apply these critical accounting changes, you will enhance financial reporting accuracy and ensure compliance. Join us to gain practical knowledge and expert insights into the changing landscape of SME accounting.
FRS 102 and 105 Training Course – Key Learning Features
- Comprehensive coverage of the FRS 102 and FRS 105 standards, including their scope, structure, and key requirements.
- Practical examples and case studies illustrate how the standards apply in real-life situations and scenarios.
- Interactive exercises and case studies to test your understanding of the material and reinforce your learning.
- Access to up-to-date resources and materials, including the latest versions of the FRS 102 and FRS 105 standards, guidance notes, and practical tools and templates.
- Personalized support and feedback from instructors, who can answer your questions and provide guidance on your learning journey.
- Professional development opportunities, with the course providing CPD hours and certification upon completion.
For More Information
To learn more about our two-day FRS 102 and FRS 105 training course, contact us today.
Instructor Bio
The course instructor will be one of our highly experienced
faculty members.
Our Faculty: Expertise That Drives Success
Shasat is proud to have over 30 world-renowned faculty members, each an expert in their respective fields, who share their hands-on implementation experience through our technical and professional development programmes.
This Masterclass will be led by one of Shasat’s highly experienced faculty members — a recognised authority in UK GAAP reporting with extensive experience advising corporates, auditors, and financial institutions on the practical implementation of FRS 102 and FRS 105. The instructor is an expert in leases, revenue recognition, valuations, and other critical accounting requirements, providing participants with clear, practical insights into recognition and measurement principles, presentation and disclosure requirements, and transition considerations. Through real-world case studies and hands-on examples, the session equips finance professionals to apply these standards effectively, enhance the accuracy of financial reporting, and ensure full compliance with UK regulatory expectations.
Our faculty combine real-world expertise with academic rigour, ensuring every session is interactive, relevant, and outcomes-driven. Participants gain practical tools, case-based insights, and strategic frameworks that can be immediately applied to enhance sustainability reporting and corporate governance within their organisations.
Our Partners
Course Description
- UK Regulatory Framework – Compliance requirements for SMEs and micro-entities
- FRS 102 vs. FRS 105 – Key differences in scope, disclosure, and reporting requirements
- FRS 105 Reporting Framework – Simplifications, exemptions, and key compliance areas
- FRS 102 Updates & 2026 Amendments – Latest changes and strategic impact
- Presentation of Financial Statements – Enhanced disclosure expectations and reporting clarity
- Accounting Policies, Changes in Estimates & Errors – Compliance and application challenges
- Events After the Reporting Period – Impact on financial statements and required adjustments
- Revenue Recognition – Introduction of the new five-step model (2026 amendment)
- Employee Benefits & Share-Based Payments – Key updates and recognition requirements
- Government Grants – Revised recognition and measurement principles
- Income Taxes – Changes affecting SME tax reporting and deferred tax considerations
- Property, Plant & Equipment – New valuation, depreciation, and impairment guidance
- Investment Property – Revised fair value measurement requirements
- Intangible Assets – Amortisation, recognition, and impairment updates
- Leases – Introduction of the on-balance sheet model in FRS 102 (2026 amendment)
- Impairment of Assets – Key differences in approach between FRS 102 and FRS 105
- Inventories – Revised measurement and recognition principles
- Provisions & Contingencies – New compliance requirements and financial impact
- Financial Instruments – Updated classification, measurement, and impairment methodologies
- Liabilities & Equity – Clarifications and revised accounting treatments
- Foreign Currency Transactions – Managing volatility and compliance with reporting requirements
- Related Party Disclosures – Enhanced transparency and disclosure requirements
- Transitioning to the 2026 Amendments – Implementation strategies for SMEs and micro-entities
- Managing Increased Disclosure Obligations – Ensuring compliance while maintaining reporting efficiency
- Technology & Automation in Financial Reporting – Best practices for SME accounting efficiency
- Real-Life Examples – Practical application of FRS 102 and FRS 105 changes
- Group Case Studies – Scenario-based learning for enhanced understanding
- Handouts & Templates – Tools to facilitate compliance and reporting under new standards
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution, or unauthorized use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. ©2025, Shasat
Why you must attend?
opportunity to strengthen your organisation’s UK GAAP financial reporting, improve governance, and enhance overall decision-making. With significant amendments taking effect from January 2026, finance professionals must be ready to implement the new rules and ensure ongoing compliance with evolving =UK GAAP standards.
Led by experienced industry specialists, this UK GAAP training course delivers practical, hands-on guidance on applying FRS 102 and FRS 105 in real business settings. Participants will gain deep insights into FRS 102 lease accounting, FRS 102 revenue recognition, valuations, and other critical accounting requirements. The programme combines best-practice frameworks, real-world case studies, and financial-statement examples to bridge theory and application.
By completing this FRS 102 Workshop, you will be able to apply accounting principles confidently, prepare accurate and transparent financial statements, and ensure full compliance with UK regulatory expectations. This course empowers finance leaders to align reporting with strategic goals, strengthen governance, and build long-term financial resilience.
 This FRS 102 and FRS 105 training course is more than a compliance update—it empowers finance professionals to lead organisational change and shape the future of financial reporting in the UK. Enrol today to stay ahead in an evolving accounting and strategic environment.
Â
Teaching methodology
The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:
- A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
- Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
- Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
- Group exercises designed to illustrate accounting principles, encouraging collaboration, and fostering a deeper understanding of the material.
- Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
- An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.
The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.
Â
Who should attend?
This UK GAAP workshop is ideal for professionals involved in financial reporting, accounting, and strategic decision-making, including:
- Chief Financial Officers & Finance Directors
- Accountants / Financial Controllers
- Corporate finance function
- Finance, tax managers/executives
- Treasurer
- Analysts
- Budget Officers / Forecasting Specialists
- Fund Managers and Investors
- Strategic and Financial Planners
- Private Equity and M&A Specialists
- Investment Bankers/ Merchant bankers
- Corporate Bankers
- Auditors
- Risk managers, Regulators, Academicians and Accountancy students
- Derivative sales executives
Feedback
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analysing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
Â
In-Person Workshop
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Â
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
Â
We are pleased to offer sponsorship opportunities for our training programs, providing companies with a unique platform to showcase their brand and services to a highly engaged and relevant audience. By becoming a sponsor, your organization will have the opportunity to build brand awareness, demonstrate thought leadership, and cultivate valuable relationships with industry professionals. Our programs offer a platform to reach a targeted audience and generate new business leads while showcasing your expertise. The benefits of sponsorship include increased brand exposure, opportunities to connect with key decision-makers, and a platform to promote your products and services. We invite you to take advantage of this prime opportunity and partner with us to enhance your visibility and impact within the industry.
Â
We kindly request that you carefully review all of the terms and conditions outlined on our website. This information is critical in ensuring a clear understanding of our policies and procedures. Please follow the link provided to access this information.
Discover more about Shasat by exploring our “About Us” page, where you can gain insights into our company’s mission, values, and history, and learn how we can help you achieve your goals.
Payment
Enroll in our program with ease by choosing from our secure online payment options. You can make a payment through our website using PayPal or Stripe, or opt for a bank transfer, demand draft, or cheque payment. Our payment page will provide all necessary options during checkout. If you encounter any issues, our customer service team is here to assist you. Simply reach out to us with your selected course, and we’ll guide you through the payment process.
We kindly request that you take into consideration any associated bank fees when making your course fee payment. To ensure your participation in the program, payment must be received before the course date. Once we have received both payment and a completed registration form, we will confirm your enrollment in the program. Thank you for your understanding and cooperation.
Â
Group discount
Our company is proud to offer a group discount of 15% for organizations or individuals who book a course for 5 or more participants. To take advantage of this offer and receive a personalized group discount code, please reach out to our customer service desk at info@shasat.com. Our team will be delighted to assist you with the booking process and answer any questions you may have. With this group discount, you can invest in the professional development of your team and drive success for your organization. Don’t hesitate to contact us today to learn more.
Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
In-House Training
Enhance your team’s skills and drive success for your business with our custom In-house training program. Our tailored approach aligns with your specific business needs, offering a cost and time-efficient solution for upskilling your employees. This not only improves their productivity but also positions your company as a competitive force in the market. Transform your investment in employee development into tangible results by choosing our In-house training option. To discuss and learn more about our services, please don’t hesitate to contact our training desk. We’re ready to help you create a bespoke program that’s just right for you.
