FRS 100, FRS 101 and FRS 102: Managing the Transition

The new financial reporting regime is an accounting issue, but the transition to the new UK and RoI Generally Accepted Accounting Practice (GAAP) impacts many other areas of the business.

To ensure a smooth transition, according to author and expert Lisa Weaver, you need to manage it as a cohesive project which straddles relevant departments and roles.

In this course, she explains the best way to set up the project with clearly defined roles, effective documentation, and good communication both internally and externally and with other interested parties.

From developing the project plan to exploring how the transition might cause a change in strategy or policy, this course gives you everything you need to manage the transition efficiently and effectively.


Managing the Transition to New UK & Ireland GAAP enables the learner to:

• Understand why you need to plan the transition
• Find out about the key concepts involved
• Understand how to identify the main accounting impacts
• Identify systems and controls issues
• Understand how the transition will affect those inside, and
outside of your organisation
• Put together a strategy to communicate the changes to those affected

Basic concepts of planning the transition
• What are the benefits of establishing a transition project?
• What should be the main stages in planning the project?
• What will be the cost of transition?
• What role can external advisors play in the project?

Introducing the new GAAP as smoothly as possible
• How can the main accounting impacts be identified?
• What should be considered when developing new accounting policies?
• What issues might there be with documentation?
• What systems and controls issues need to be considered?

The wider implications of the switch to new UK and Ireland GAAP
• Are there implications to employees, suppliers, customers and other people involved with my organisation?
• Will the transition have any effects on company strategy, policies and regulatory matters?
• Why is there a need to educate the people who want to understand the impact of the transition on my accounts and business?
• How can transition issues be effectively communicated to those outside the company?

This course is designed to appeal to people working in the accounting and finance industry at all levels.

Lisa Weaver is a professionally qualified lecturer with 15 years experience of exam-based, and cpd lecturing for accounting and finance professionals. She qualified ACA with Deloittes, and spent 4 years in audit practice. She currently lectures in financial reporting, audit and governance subjects, and develops and delivers cpd courses for qualified accountants working in industry and in practice.