Are You Prepared For The New UK GAAP? FRS 100 - 102 Explained

9am - 12.30pm, 11th September, London

The new triumvirate of accounting standards - FRS 100, 101 and 102 - represent the most significant developments in UK accounting ever! Old UK GAAP is being totally abandoned and replaced with IFRS based material which will be covered during this Accountancy Age Training course ‘Are You Prepared for the New UK GAAP? FRS 100 - 102 Explained'.

Learning outcomes:

By the end of this course, delegates will:

  • Understand the impact that the triumvirate will have on companies in the UK
  • Appreciate which of the three standards will be most important for them
  • Be aware that there are accounting, disclosure, presentation and terminology differences to be dealt with before implementation

Course agenda:

The course will cover:

  • The role of FRS 100 in offering choices to UK Companies
  • The withdrawal of UK SSAPs, FRSs and UITFs
  • The "virtual" FRSSE created by FRS 100 - and how it is different from the current FRSSE and its important link with FRS 102 and old UK GAAP
  • The role of FRS 101 for parents and subsidiaries using EU-adopted IFRS in their consolidated accounts
  • FRS 102 - The Financial Reporting Standard:

1. The link with the IFRS for SMEs
2. Changes to comply with the Companies Act 2006
3. Changes to retain some aspects of old UK GAAP
4. The removal of creative opportunities allowed by old UK GAAP
5. The problems of first time adoption
6. The role of fair value accounting
7. Presentational changes 
8. The new disclosure framework - including critical accounting judgments and key estimation uncertainties
9. Coping with the language problem


Course price: £299 + vat

This course will last half a day, and all delegates will receive course documentation and a CPD certificate of attendance.



CPD accredited