CPD module: FRS 102 & FRS 105 - government grants
In this month's exclusive Accountancy CPD module, we explain the accounting treatment for government grants under FRS 102 and FRS 105
By completing this module you will be able to:
- understand what is dealt with in the government grants sections of FRS 102 and FRS 105 and what is not;
- identify the two choices available under FRS 102 and how FRS 105 restricts recognition and measurement to one basis;
- understand how to deal with grants that become repayable by a reporting entity; and
- ensure the disclosures in the financial statements comply with the requirements of UK GAAP.
This CPD module takes 20 minutes to complete and is followed by a short quiz to ensure thorough learning. There are also detailed course notes to ensure a full learning experience. Any CPD learning is also automatically added to Your CPD Tracker.
The CPD course has been prepared by Steve Collings, accounting specialist for Croner-i.
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