IFRS for SMEs and the future of UK financial reporting - a comprehensive understanding

Event type: Mastercourse

The main requirements

Date Location Price  
3 July 2012 - 09:00 London Price: GBP 599.00
Members: £539.00
Corporate discount scheme: £415.00
+ VAT on all prices
17 October 2012 - 09:00 Manchester Price: GBP 599.00
Members: £539.00
Corporate discount scheme: £415.00
+ VAT on all prices
27 November 2012 - 09:00 London Price: GBP 599.00
Members: £539.00
Corporate discount scheme: £415.00
+ VAT on all prices

Who will benefit

Those required to prepare accounts under international financial reporting standards for small or medium-sized entities (IFRS for SMEs) and needing a detailed understanding of the key areas.

What you can gain

A greater understanding of the issues involved in IFRS for SMEs, including:

  • which entities can use IFRS for SMEs and the financial reporting standard applicable in the UK and Republic of Ireland
  • the future of UK GAAP
  • format and content of the financial statements
  • balance sheet issues
  • income statement issues
  • disclosures
  • group issues
  • financial instruments.

Speaker Details

The speaker will be drawn from a pool of subject specialists who are qualified professionals. Having worked for leading organisations they will bring their subject to life by relating the course content to real life case studies.

Outline

The UK is gearing up for an end to UK GAAP as we know it. On 30 January 2012, the UK Accounting Standards Board issued three new financial reporting exposure drafts, proposing that all current FRSs and SSAPs are replaced by the financial reporting standard applicable in the UK and Republic of Ireland (draft FRS 102). 

Draft FRS 102 is the UK's adaptation of the IASB's IFRS for SMEs, an IFRS designed to be used by small and medium sized entities (SMEs) for whom adoption of full IFRS is a burden, with its detailed implementation guidance and vast array of disclosures.

This course covers the main requirements of IFRS for SMEs and outlines the areas where draft FRS 102 is expected to differ. It provides practical examples and illustrations throughout to demonstrate the key accounting treatments under it.

This course replaces FRSME - a comprehensive understanding advertised in CIMA Mastercourses' 2012 brochure.

It starts at 9.30am, with registration and coffee from 9.00am, and ends at 4.30pm. Lunch and refreshments are provided.

5.5 CPD hours (where applicable)


 

Find out more
If you have any queries please email or phone us on +44 (0)845 026 4722.

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