FRS102 Refresher Training for Charities
Transforming finance training
FRS102 Refresher Training for Charities.
Our refresher training explores the main areas of FRS102 Charities SORP in a practical and interactive way. Ensure that you not only understand the accounting, but appreciate both the commercial impact and key risk areas for your charity.
FRS102 was probably the most significant change to UK GAAP since its inception! Most charities have now been through the transition process and are having to apply it on a daily basis. This course explains what the big deal was all about!
It is designed for those who were not necessarily involved with the transition process or aren’t working in a financial reporting role but are looking to increase their confidence in dealing with technical accounting areas.
FRS102 refresher – Learning Outcomes
- How to account for key balance sheet areas:
- Fixed assets
- Current assets
- Liabilities and provisions
- Introduction to financial instruments
- How to account for key income statement areas:
- When to recognise income
- How to account for other important areas:
- Cash flow statements
- Lease accounting
- New developments to the SORP (update bulletin 2)
Note – This course requires no pre-knowledge of FRS102 SORP and takes you through the main accounting areas. This outline covers the core topics that apply to most charities. We will work with you to discuss if any other topics need to be added to the course.