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08 July 2019

FRS 102 revisions, talking points and distributable profits

Category: MASTER COURSE

This half day CPD course will benefit anyone who needs a succinct update on recent changes to FRS 102 and areas where the application of FRS 102 is causing ongoing problems. This course considers the changes to FRS 102, the areas of uncertainty, and the revised guidance on distributable profits.

Who should attend?

This course will benefit anyone who needs a succinct update on recent changes to FRS 102 and areas where the application of FRS 102 is causing ongoing problems.

What you will gain

On completion of this course you will be able to:

  • Understand and apply the FRS 102 changes relevant to your circumstances
  • Produce acceptable accounting treatments and disclosures in the debatable areas; and
  • Determine the implications of FRS 102 for distributable profits calculations

Programme outline

The amendments to FRS 102 as a result of the First Triennial Review of FRS 102 are mandatory for accounting periods commencing on or after 1 January 2019, but early adoption is permitted. Due to the nature of FRS 102 there are further areas where appropriate accounting treatments are an ongoing subject for debate.

As a result of FRS 102 the guidance on distributable profits issued by the ICAEW and ICAS was revised by TR 02/17BL.

This course considers the changes to FRS 102, the areas of uncertainty, and the revised guidance on distributable profits. For a more detailed consideration of these topics, see the course FRS 102 - Practical challenges and emerging issues.

Course coverage will include:

The First Triennial Review:

  • Investment properties
  • Basic and other financial instruments
  • Loans to companies from owners
  • Business combinations
  • Revenue
  • The cash flow statement
  • Gift aid payments
  • Financial institutions
  • Rejected amendments

Distributable profits

  • Identifying distributions
  • Impacts of FRS 102 on determination of distributable profits (including intra-group lending)

FRS 102 application problems

    • Issues from FRS 102 Section 1A, including
    • The content of financial statements
    • The true and fair problem
    • Disclosure of directors’ emoluments
    • Accounting for non-financial investments (artworks, fine wine, etc)
    • The fallback position when FRS 102 is silent
    • Share based payments in private companies
  • Morning and afternoon sessions available: 9.30am-12.45pm or 2.00-5.15pm. Please refer to dates below to locate morning or afternoon sessions. Refreshments are included.
    3 CPD hours (where applicable).

    CIMA work in partnership with BPP Professional Education to offer CPD training courses

    Booking Information

    Date Location Price
    8 July 2019 - 09:30 Manchester - morning course Price: GBP 310.00
    Member price: £279. Plus VAT on all prices.
    16 September 2019 - 14:00 London - afternoon course Price: GBP 310.00
    Member price: £279. Plus VAT on all prices.
    7 November 2019 - 14:00 London - afternoon course Price: GBP 310.00
    Member price: £279. Plus VAT on all prices.


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    FRS 102 revisions, talking points and distributable profits

    CIMA work in partnership with BPP Professional Education to offer CPD training courses

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    In-house training 
    We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

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    If you have any queries please email cima@bpp.com or phone us on: +44 (0)3300 603400.

    The venue for this course will be confirmed 14 days before the scheduled date. 

    CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

    This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at: http://www.bpp.com/professional-education/privacy

    The information provided to BPP will not be used by BPP for marketing purposes.

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