FRS 102 - Accounting for Financial Instruments

This course deals with all aspects of financial instruments dealt with in FRS 102 in sections 11 and 12, including the accounting and disclosure requirements. The two sections cover basic financial instruments and other or more complex financial instruments. 

This course will cover the following: 

• Basic instruments at amortised cost 
• Basic instruments at fair value 
• How to determine fair value 
• Financing transactions – loans not at normal market rate 
• Loans to small entities from owner-managers 
• Implications for distributable profit 
• Non-basic instruments including forward exchange rate, futures and interest rate swaps 
• Hedging compared to Hedge accounting 
• Disclosure requirements for basic and non-basic instruments 
• Overview of differences between UK GAAP and international accounting standards 

We will also have an On Demand key points version of this course - click here for further details.