FRS 102 and Fair Values - When and How These Can be Used (Jun 26)
Category: Financial Reporting | Duration: 1hr | Tag: VODUK2638 | Type: Video | Course Level: Intermediate | Speaker: Lindsay Webber | Date: 25/06/2026 10:00
Course Details
Fair value measurement crops up in many areas of FRS 102, sometimes as a requirement and sometimes as an accounting policy choice. With the recent amendments to FRS 102 now in effect, it is important to revisit where fair values apply, when they must be used, and how the changes affect measurement and disclosure for entities reporting under UK GAAP. This course is designed to give UK accountants a clear, practical refresher on fair value under FRS 102.
In this course Lindsay Webber covers the following topics:
- Overview of where fair value applies under FRS 102
- Fair value as a measurement requirement versus an accounting policy choice
- Changes under the new FRS 102 affecting fair value measurement
- The fair value hierarchy and related disclosure requirements
- Practical issues across investment property, financial instruments and business combinations
CPD Course Speaker
OmniPro Strategic Solutions
Lindsay Webber
As a head of Strategic Solutions at OmniPro, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training and technical assistance in audit and financial reporting.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.
Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.
Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.