UK and Ireland GAAP: Key Issues
An understanding of UK and Ireland GAAP can provide a massive benefit to your work. In this course, we cover some key topics - specifically from FRS 102 and FRS 105 - including financial instruments, accounting policies and estimates, and tax issues.
UK and Ireland GAAP: Key Issues
This course will enable you to
About the course
As an accountant, an understanding of UK and Ireland GAAP can provide a massive benefit to your work.
In this course, we cover the key issues – in particular, FRS 102 and FRS 105, which are arguably the most prominent standards in UK and Ireland GAAP. Both frameworks are significantly different in terms of recognition, measurement and disclosure requirements.
Referencing these two standards, we look at financial instruments, which can cause difficulties for preparers of financial statements due to their inherent complexity. We then look at how we select accounting policies, and the rules surrounding estimates. The course finishes with an examination of the accounting treatments for various taxes, including how to present tax in the cash flow statement.
Look inside
Contents
How it works
Author
Steve Collings
Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA’s Practice Network Panel.
