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FRS 102 v/s IFRS The Differences 1 Credit

FRS 102 v/s IFRS The Differences 1 Credit

  • Rating

    5
  • Published on

    December, 1969
  • Subject Area

    Accounting

Learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Answer the polling questions
  • Get your certificate

Jul 26, 12:00 PM ET

Learning Objective

  • Analyze the main accounting frameworks available in the UK and Ireland.
  • Discuss the different options when applying for FRS 102.
  • Explain the main differences between FRS 102 and IFRS.
  • Discuss the factors to consider when deciding the most appropriate framework.
  • Analyze the local and international financial reporting standards.

Course Overview

Explore the distinctions between FRS 102 and IFRS in this concise, one-hour webinar. Gain an in-depth comparison of local UK and Irish GAAP under FRS 102 versus complete International Financial Reporting Standards (IFRS). Understanding these differences is crucial for accurate and compliant financial statements when navigating local or international financial reporting.

Dive into the main differences between FRS 102 and IFRS and explore critical factors to consider before adopting a particular framework. Our interactive webinar will equip you with a comprehensive understanding of the accounting frameworks available in the UK and Ireland. It will guide you through the various options for applying for FRS 102. You'll gain valuable insights into the distinct features of each framework and learn to make informed decisions on the most appropriate standard for your needs.

This webinar is ideal for finance professionals, accountants, auditors, and anyone involved in financial reporting and compliance in local and international contexts. Whether you're a CFO, accountant, or auditor, it will enhance your knowledge of local and global financial reporting standards and provide the tools you need to excel in your role. Register now to build a solid foundation in FRS 102 and IFRS.

Major Topics Covered:

  • Main accounting frameworks available in the UK and Ireland
  • Different options when applying for FRS 102
  • Main differences between FRS 102 and IFRS
  • Factors to consider when deciding the most appropriate framework
  • Local and international financial reporting standards

  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Accounting for CPA in Canada
  • 1 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Accounting for Certified Management Accountants (CMA)
  • 1 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 1 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
  • 1 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 1 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 1 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountant - ICAEW
  • 1 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
  • 1 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
  • 1 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
  • 1 PL Credit of Accounting for CIPM
  • 1 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland
  • 1 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

Additional Information

Credits

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Robert Kirk
Robert Kirk

Emeritus Professor of Financial Reporting, Ulster University

  • 4.6
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After graduating with a second class first division honours degree in Economics from Queens University, Belfast in 1972 Robert trained as an Irish Chartered Accountant with Price Waterhouse, qualifying in first place in his final examinations in 1975. Subsequently he was employed as the Financial Controller of ICB, a subsidiary of Shell (UK) and as a personal assistant to the partners in James Baird & Co (now part of PricewaterhouseCoopers).  In 1981 he was appointed a Director of Business and Accounting Training in Dublin where he embarked on his academic career, teaching mainly on the professional examination courses for ICAI, CPA, CIMA and ACCA in Belfast and Dublin.  In 1985 he joined Queens University as a full time lecturer and moved to the Ulster University in 1992 as a Senior Lecturer. In 1994 he was appointed to the Chair in Financial Reporting at Ulster.

Robert specialises in the teaching of and research into the development of accounting standards in the United Kingdom. He has published 18 books and numerous articles in both  academic and professional journals. Three of his publications are currently core textbooks for two of the main professional accounting bodies in the United Kingdom.  His publications include IFRS:A Quick Reference Guide (October 2008),  a fourth edition of Accounting Standards in Depth (January 2003), UK Accounting Standards: A Quick Reference Guide (December 2004) and the first edition of Topical Issues in Financial Reporting, all published by the Chartered Institute of Management Accountants and Elsevier. He has written International Financial Reporting Standards in Depth  which was published by Elsevier/CIMA Publishing in July 2005. This has been translated into Russian. He co-authored A Case Study Approach to International Financial Reporting Standards published by The Institute of Certified Public Accountants in Ireland. He was also the editor and main author of the university's quarterly  publication "Irish Company Reporting" (1992-2001) which outlined current practice throughout the island of Ireland using a 150 company database. This was grant aided by the Irish Accountancy Educational Trust.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

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