FRS102 and the replacement of UK Accounting Standards

11th April 2013

The most significant change to accounting since a Franciscan Friar published a treatise on book keeping.

.. Well not quite, but the introduction of FRS102 will affect over 50,000 entities currently preparing accounts under UK GAAP. It will have a major impact on your financial statements with more than 100 differences to the current standards. As always, the devil is in the detail. Our informative seminar will explore the key issues around FRS 102 and what steps can be taken now to minimise its impact upon introduction. Your attendance at the seminar will help you to decide on the following key strategic decisions: • When to switch to FRS 102? • What changes will impact on your financial results? • Should the entity move to full IFRS? What would the impact be? • What will be the impact on any banking covenants? The mandatory effective date of FRS 102 is for accounting periods beginning on or after 1 January 2015, although early adoption is permitted for periods ending on or after 31 December 2012. Agenda 8.00am Breakfast and registration 8.30am Presentations 9.30am Questions 9.45am Coffee and close Where? Cineworld Sheffield Valley Centertainment Broughton Lane Sheffield S9 2EP. Contact Katie Palmer For Grant Thornton UK LLP T 0114 262 9794 E katie.palmer@uk.gt.com