BPP University

Mastering the FRS 102 Second Review

BPP University

Course overview

In March 2024 substantial amendments were issued to FRS 102, the Financial Reporting Standard Applicable in the UK and Republic of Ireland, following the second periodic review of FRS 102. The changes remove or reduce some of the key differences between FRS 102 and IFRS Accounting Standards, although some differences remain. They also make further focussed amendments to FRS 102.

At the same time certain amendments have been made to FRS 105, the Financial Reporting Standard applicable to the Micro-Entities Regime. The revised versions of FRS 102 & FRS 105 will be effective for accounting periods commencing on or after 1 January 2026. This session considers the reasons for, and background to, the changes introduced, considers the detail of the significant changes made, and examines the transitional arrangements for adoption of the revised standard.

Key highlights

  • Covers March 2024 amendments from the second periodic review of FRS 102
  • Explains reasons for and background to the FRS 102 changes
  • Examines remaining differences between FRS 102 and IFRS Accounting Standards
  • Includes related amendments to FRS 105 for micro-entities
  • Details transitional arrangements for adopting the revised standard
  • Prepares for revised standards effective from 1 January 2026

Scholarships

  • Advocate of the Year Scholarship

    £5,000; £3,000; £2,000

  • Bridging Scholarship

    Up to £5,000

  • Bridging the Bar Scholarship

    Value: £5,000

    Up to £5,000

  • BTC Advocacy Scholarship

    Award Value: £3,000

    Up to £3,000

  • BTC Excellence Award

    Value: £1,000

    Up to £1,000

  • BTC Future Lawyer Scholarship

    £3,000 Half fee full fee

  • Career Changer Scholarship

    £3,000 Half fee full fee

  • Converting to Law Scholarship

    £3,000 Half fee full fee

  • International Postgraduate Bursary

    Value: £1,000

    Up to £1,000

  • SQE Future Lawyer Scholarship

    £3,000 Half fee full fee

Careers this course leads to

  • Financial Accountant
  • Chartered Accountant
  • Financial Reporting Manager
  • External Auditor
  • Audit Manager

Cost of study

UK/Home: £882 | International: £882

Admission

Applications are made through AHZ at no cost. Share your transcripts, English test scores and personal statement, and your AHZ Counsellor will review your profile, submit your application to BPP University, and guide you through interview, offer, CAS and visa — right up to enrolment.

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