First-time Adoption Workshop (IFRS & FRS 102)


Cost for BPP PD Members: £415 + VAT 6 CPD Hours
(£599.00 + VAT for non BPP PD Members Click Here for details of our membership scheme).

Course Level



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

Course Content

As a result of the significant changes with regards to UK financial reporting structure and the changes to UK GAAP made effective from 1 January 2015, most entities in the UK would have been required to adopt FRS 102 or may have chosen to adopt IFRS.

IFRS 1 provides guidance on the first-time adoption of IFRS. Those forced to move to FRS 102 will also need to follow its principles. This case study based workshop examines 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.

Learning outcomes include obtaining a greater understanding of:

  • 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.

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

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