Financial reporting pack (select 5 courses from our top financial reporting courses)

Enhance your understanding and stay up-to-date with the latest rules and regulations with our financial reporting course pack.

Choose five of our top financial reporting courses for £99 +VAT.

Price (excludes VAT): £99.00

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With UK GAAP gone, many entities have adopted FRS 102 as their new reporting framework. The framework is more international in its focus with some treatments being identical to IFRS. However, some treatments are simplified compared against IFRS and others remain the same as under UK GAAP. This session provides an overview of accounting frameworks in the UK, an introduction to the key accounting requirements of FRS 102 and an insight into the process of making the transition to FRS 102.

Financial accounting and reporting 1

For many years the IASB and FASB have been working on joint projects which has resulted in the issue of new standards in respect of revenue recognition, financial instruments and leases. This course provides an overview of those new standards. The IASB has also been working on its own standards recently issuing a standard on insurance accounting – again an overview of the standard is provided on the course. The period of joint collaboration with the FASB has now ended and the two boards are now working on the own projects. This course provides an insight into the projects currently being worked on by the IASB.

Financial accounting and reporting 1

With UK GAAP gone, many entities have adopted FRS 101 as their new reporting framework. It offers the benefit of consistent internal reporting for those with parents under FRS 101 and provides disclosure exemptions in single entity accounts on the basis that the relevant disclosures are included in the consolidated accounts. This course provides an overview of the requirements of FRS 101, a summary of the disclosure exemptions, identifies the recent updates to FRS 101 and considers the practical implementation issues associated with its adoption.

Financial accounting and reporting 1

With the replacement of UK GAAP with FRS 102, an organisation may be facing significant changes in its financial reporting. The additional challenge faced by many organisations is that there will also be a consequential change in how an organisation reports to a US parent. This course examines the similarities and differences between the requirements of FRS 102 and US GAAP. Understanding these will help you to develop an insight into the reporting issues for an entity involved with both FRS 102 and US GAAP.

Financial accounting and reporting 1.5

This course refreshes your knowledge of the key accounting requirements of FRS 102. It examines key accounting rules, practical challenges and emerging issues in relation to presentation and structure of the financial statements, a principles based approach and specific accounting rules including pensions, foreign exchange, revenue recognition, leases and financial instruments.

Financial accounting and reporting 1

From 1 January 2015 UK GAAP as replaced with a self-contained standard FRS 102. This course forms part of a series of online course that cover the accounting treatment required under this new standard. This course will run through both section 17 property, plant and equipment and section 16 investment property, and will cover overall accounting treatments, key areas of change and the transitional arrangements when adopting these sections of FRS 102 for the first time.

Financial accounting and reporting 1

Although there is a simplified framework for small entities, a micro entity requires further simplification of financial reporting. FRS 105 is designed to replace the FRSSE and provide that simplification. It reduces the content of a set of accounts, simplifies the format of those accounts, and removes complexity and unnecessary choice from the accounting framework. This course provides an overview of the key requirements of FRS 105 by considering qualifying criteria, account formats and key accounting requirements of FRS 105.

Financial accounting and reporting 1

The following course looks at IAS 1, Presentation. This is a basic standard containing important questions about the main financial statements required for reporting under International Financial Reporting Standards.

Financial accounting and reporting 1

This course will benefit those who have some experience of international standards, either from their professional exams or in the workplace, and who are in need of a refresher on group accounting. Following the recent issues of the new group accounting standards IFRS 10 Consolidated financial statements, IFRS 11 Joint arrangements and the update to IFRS 3 Business combinations, there have been some significant changes to how we account for entities within the group. This course will bring you up-to-date with the most recent treatments.

Financial accounting and reporting 1

Revenue recognition is something that affects us all and in 2018 it is changing. There will be far more explicit consideration of components in a bundled package together with the associated timing and amount of revenue allocated to each component. The new standard may create change for an organisation not just in turns of revenue but also in terms of legal contracts, IT systems and interaction between the sales function and accounting function. This course provides an overview of the new revenue framework of IFRS 15 and considers the practical aspects of its implementation.

Financial accounting and reporting 1

The IASB has issued the new leases standard, IFRS 16 which come into effect on 1 January 2019. Virtually every company uses rentals or leasing as a means to obtain access to assets and will therefore be affected by the new standard.

The new requirements eliminate nearly all off balance sheet accounting for leases and redefine many commonly used financial metrics such as the gearing ratio and EBITDA. This will increase comparability, but may also affect covenants, credit ratings, and borrowing costs.

The new standard may affect lessor’s business models, as lease needs and behaviours of lessees may change, and may also accelerate existing market developments in leasing such as an increased focus on services rather than physical assets.

These changes will also require significantly more data around their leases than before, which may have far-reaching impact on lessee’s business processes, systems and controls.

The earlier you begin to understand what impact the new standard may have on your organisation the better prepared you will be in implementing.

Financial accounting and reporting 1

The development of accounting for insurance contracts has been underway for many years. The first stage in the process was IFRS 4, designed to achieve a greater consistency in reporting for insurance. IFRS 17 takes the reporting further down that process. Using a building blocks approach to reporting, the accounting standard requires clear identification of the drivers of performance for those entities providing insurance contracts. The course also examines the challenges that will be created from IFRS 9 being effective a number of years before the effective date of the new insurance accounting standard. These challenges will be driven by the approach to measuring the financial assets and the financial liabilities associated with insurance contracts

Financial accounting and reporting 1

The two key players in a significant amount of financial reporting development are undoubtedly the IASB and the FASB. The course provides a comparison of the two reporting frameworks in terms of general reporting requirements and specific accounting treatments. This course will therefore provide a useful context with which to understand current development and create an awareness of the financial reporting challenges for groups with component reporting under each of the frameworks.

Financial accounting and reporting 1.5

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