FRS 102 - Financial Instruments


The course will benefit those who have limited experience of accounting for financial instruments under FRS 102 and who are in need of a basic understanding of the implications of adopting FRS 102 when dealing with financial instruments.

Course Content

The UK is gearing up for an end to UK GAAP as we know it. On 14 March 2013 the UK Financial Reporting Council issued FRS 102. This new standard outlined the replacement of all current FRSs and SSAPs with a single self-contained standard applicable in the UK and Republic of Ireland (draft FRS 102). Within this standard the accounting for financial instruments is potentially very different compared to current UK GAAP.

This course will provide you with a comprehensive understanding of the reporting requirements for financial instruments under sections 11 and 12 of FRS 102 and the accounting policy choices available to the entity.

Learning outcomes include obtaining a greater understanding of:

  • Overview of the UK reporting structure
  • Overview of the requirements under section 11 and 12 of FRS 102
  • Disclosure requirements

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)