Preparing Group Accounts under FRS 102 (UKGAAP) - A Practical Guide

Introduction

Presented by expert speaker David Potts, this virtual classroom seminar will provide accountants, partners and staff with a practical guide to preparing group accounts.

This session covers the FRS102 as it is currently.

On 27 March 2024, the FRC issued amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs - Periodic Review 2024. The effective date for most amendments is periods beginning on or after 1 January 2026, with early adoption permitted.

If you would like further information regarding the new amendments, please see David’s separate session The New FRS 102 - All You Need to Know

What You Will Learn

This live and interactive session will cover the following:

• Basic requirements
• What is a group and who has to prepare group accounts
• FRS 102 and companies exemptions - Small groups for example
• Accounting requirements on day 1
• Valuing and reporting the cost of consideration
• Valuing the assets acquired including intangible and goodwill
• Treatment of acquisition related costs
• Ongoing consolidation adjustments
• Amortisation and impairment of goodwill and intangibles
• Inter-company transfers, trading, balances and unrealised profit adjustments
• Tax and deferred tax arising on consolidation
• Dealing with group reorganisations - merger accounting
• Wrap of other issues such as disposals and overseas subsidiaries and branches

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.