FRS 102 - Business combinations (ICAS)


This course is part of a series of courses dealing with accounting under FRS 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland.

The course looks at the requirements of Section 9 Consolidated and Separate Financial Statements and Section 19 Business Combinations. It first considers the requirement for consolidation and the alternative consolidation methods available. It then considers key aspects of the acquisition method (notably the fair value exercise and calculation of and accounting for goodwill), and concludes by considering the treatment of overseas subsidiaries.

Learning outcomes:

On completion of this course, you will be able to:

  • Understand the consolidation requirements of FRS 102; and
  • Apply FRS 102 requirements to key aspects of business combinations

Course content:

  • Overview of consolidated financial statements
  • Identifying subsidiaries
  • The consolidation requirement
  • Acquisition (and merger) accounting
  • The fair value exercise and goodwill calculation
  • Accounting for goodwill
  • Foreign subsidiaries
  • Key differences between FRS 102 and IFRS


Authored by:

Bruce Cowie, Head of Financial Reporting at BPP Professional Devlopment

Bruce Cowie is the Head of Financial Reporting Programmes at BPP Professional Development. He has been training full time in Financial Reporting topics since 1985, and has an expertise in IFRS, UK GAAP and US GAAP. He has trained across the world (e.g. USA, Europe, APAC, Australia, Argentina) for large multinationals, small and medium sized companies, accounting firms, professional bodies and Government entities, and still maintains a genuine love for his subjects. He has spent a considerable time in training firms for the transition to IFRS and to the new UK GAAP.

A CPD certificate of completion will be provided by BPP Professional Education Limited upon successful completion of the online course.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price: £35.00 (excludes VAT)