Accounting and Accounting Standards update
This course will provide an update on recent developments affecting UK and International standards. The content will cover recently published and implemented standards and exposure drafts.
Typical Course Outline
- Appreciate the key features of new statements UK standards
- Comparison between UK and International Standards
- Be clear about the differences between current and old requirements
- Understand the impact of new requirements
- Applications to companies and their sizes
- Update and Future Development
The course will cover the FRS’s and SSAP’s mentioned below.
FRS’s
FRS 1 Cash flow statements (revised)
FRS 2 Accounting for subsidiary undertakings
Business Combinations
FRS 3 Reporting financial performance
Non-current Assets Held for Sale and Discontinued Operations
FRS 6 Acquisitions and mergers
FRS 7 Fair values in acquisition accounting
FRS 9 Associates and joint ventures
FRS 10 Goodwill and intangible assets
FRS 11 Impairment of fixed assets and goodwill
FRS 12 Provisions, contingent liabilities and contingent assets
FRS 15 Tangible fixed assets
Borrowing Costs
FRS 16 Current tax
FRS 18 Accounting policies
FRS 19 Deferred tax
FRS 21 Events after the Balance Sheet Date
FRS 25 Financial Instruments: Presentation
FRS 29 Financial Instruments: Disclosure
SSAP’s
SSAP 5 Accounting for Value Added Tax
SSAP 9 Stocks and long-term contracts
SSAP 13 Accounting for research and development
SSAP 21 Accounting for leases and hire purchase contracts
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