This module examines the requirements of Section 22 of FRS 102 which deals with liability and equity - in particular how to classify a financial instrument in the financial statements between liability (or debt) and equity.

Completing this module will enable you to:

• understand the scope of Section 22 of FRS 102;
• identify when a financial instrument is a liability or equity;
• understand how to deal with an instrument which has a combination of debt and equity characteristics; and
• understand how to account for distributions and the requirements in respect of gift aid payments.

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 lecturer is Stephen Collings FMAAT FCCA, audit and technical partner at Leavitt Walmsley Associates Ltd where he trained and qualified. Collings became a member of the Association of Accounting Technicians (AAT) in 2001 and qualified as a chartered certified accountant in 2005.

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