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.

Play the CPD module

If you're already a subscriber, you can log in to access this CPD module.