2025 FRS 102 - the 5 Step Revenue Model

£75.00 (Exc. VAT)

Presented by John Selwood. Expected CPD Points/Hours - 2

2025 FRS 102 - the 5 Step Revenue Model. This course will go live by the end of February 2025

Course Description: 2026 sees the implementation of the Financial Reporting Council’s ‘periodic review amendments to UK GAAP’ with significant changes on revenue recognition requirements.

This course will explain the changes in detail and walk through the important steps required to ensure that companies comply with the new requirements.

Topics covered during the session will include:

•          The 5-step model – how it applies in practice

•          Identifying and allocating revenue to performance obligations

•          Dealing with variable consideration

•          Transitional adjustments

•          Case studies to demonstrate how the model works in practice

•          Important disclosure requirements

•          How the changes impact micro-entities applying FRS 105

About the presenter: John Selwood is a Chartered Accountant and independent training consultant, who lectures for major accountancy practices, professional bodies, training companies and publishers.  He speaks on financial reporting, money laundering, company law and auditing.

Previously, he has been the technical partner for a top thirty firm of accountants and head of an accountancy network.

John is a member of the ICAEWs Audit and Assurance Faculty’s Practitioner Services Committee and has been involved with presenting and writing the material for the Audit & Assurance and Financial Reporting Faculty’s Roadshows for a number of years.  He also regularly writes for Audit & Beyond and is the author of Core Auditing Standards.