Adopting FRS 101 & IFRS


Cost for BPP PD Members: £239 + VAT 3 CPD Hours
(£299.00 + VAT for non BPP PD Members Click Here for details of our membership scheme).


This course will benefit those who are considering adopting FRS 101 rather than IFRS or FRS 102.

Course content

Significant changes have taken place in the UK with all current FRSs and SSAPs being replaced by a new accounting framework. FRS 101 ‘Reduced Disclosure Framework’ introduces a new reduced disclosure framework. The framework enables most subsidiaries and parents to use the recognition and measurement bases of IFRSs in their individual entity financial statements, while being exempt from a number of disclosures required by full IFRSs.

This course covers the key aspects of FRS 101, including first time adoption and presentation issues regarding the Companies Act.

It is advised that delegates combine this course with either IFRS - Introduction or IFRS – A Comprehensive Refresher .

Learning outcomes: On completion of this course, you will have a greater understanding of:

  • The future of UK reporting
  • Scope of FRS 101
  • First time adoption
  • Qualifying entities
  • Summary of exemptions available
  • Departures from IFRS for FRS 101 followers

"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."

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