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.
By the end of this course, participants will obtain a greater understanding of:
- The qualifying criteria of FRS 101
- The recent changes to FRS 101
- The disclosure exemptions available
- The practical considerations of implementing FRS 101
Authored by: Lincoln Miles
Lincoln Miles is a financial reporting consultant and trainer specialising in IFRS, US GAAP and UK GAAP. He has worked as an auditor for PwC, has been a presenter and technical author for BPP and provides bespoke consultancy and training to companies throughout Europe.
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date