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24 May 2017

First time adoption workshop (IFRS and FRS 102)

Category: MASTER COURSE

This case study based workshop looks at the requirements of IFRS 1 and provides practical guidance on producing your opening IFRS/FRS 102 balance sheet and restating your prior year financial statements.

Who should attend?
Anyone needing guidance on the first-time adoption of IFRS/FRS 102: most entities in the UK will have been required to adopt FRS 102 or may have chosen to adopt IFRS, following the significant changes with regards to UK financial reporting structure and the changes to UK GAAP made effective from 1 January 2015.

What you will gain
IFRS 1 provides guidance on the first-time adoption of IFRS. Those who are forced to move to FRS 102 will also need to follow its principles. This case study based workshop looks at the requirements of this standard and will provide practical guidance on producing your opening IFRS/FRS 102 balance sheet and restating your prior year financial statements to comply with IFRS/FRS 102.

Programme outline

  • The changes to 'old' UK GAAP and the accounting regulations to be followed by different entities under the new UK financial reporting framework.
  • How to identify key conversion issues.
  • How to create your opening IFRS/FRS 102 balance sheet, and exceptions from the normal requirements of IFRS/FRS 102 that can be applied when producing it.
  • Presentation and disclosure requirements.

This course assumes some prior knowledge of IFRS and/or FRS 102 and is suitable for those who have worked with IFRS in practice, studied IFRS as part of their professional exams or attended IFRS - introduction or FRS 102 - introduction.

The course starts at 9.30am. Lunch and refreshments are included.
6 CPD hours (where applicable). 

Booking Information

Date Location Price
24 May 2017 - 09:30 London Price: GBP 599.00
Member price: £539. CDS member price: £415. Plus VAT on all prices.
18 July 2017 - 09:30 London Price: GBP 599.00
Member price: £539. CDS member price: £415. Plus VAT on all prices.
17 August 2017 - 09:30 London Price: GBP 599.00
Member price: £539. CDS member price: £415. Plus VAT on all prices.
13 September 2017 - 09:30 Manchester Price: GBP 599.00
Member price: £539. CDS member price: £415. Plus VAT on all prices.
17 October 2017 - 09:30 London Price: GBP 599.00
Member price: £539. CDS member price: £415. Plus VAT on all prices.
22 November 2017 - 09:30 London Price: GBP 599.00
Member price: £539. CDS member price: £415. Plus VAT on all prices.
12 December 2017 - 09:30 Birmingham Price: GBP 599.00
Member price: £539. CDS member price: £415. Plus VAT on all prices.


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First time adoption workshop (IFRS and FRS 102)

CIMA members and students should log in to MY CIMA before booking to receive the appropriate discount. Save up to 30% with the CIMA Corporate Discount Scheme (CDS). Find out more at: www.cimamastercourses.com/CDS

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If you have any queries please email or phone us on: +44 (0)3332 221608. Visit our booking page for information on how to book and pay.

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

CIMA Mastercourses are held in partnership with BPP.  

CIMA on demand is our range of online CPD courses specifically designed for busy finance and business professionals who need training that's convenient and will fit around their schedule. Find out more