FRS102 CPD Training – Navigating the Updates

Practical training session on FRS102 to help you understand what’s changing, when it changes, and what it means for you. Stay ahead of the latest FRS 102 changes with a focused, practical training session delivered by PwC Gibraltar. This course will help you understand what’s changing, when it changes, and what it means for your financial statements in practice.

All participants will receive a 2-hour CPD certificate upon completion of the training.

What this session will cover

Our specialists will guide you through the recent updates to FRS 102, with a strong emphasis on application, impact and readiness:

• Overview of FRS 102 and the 2024 periodic review
• Key amendments and what they mean for you, Revenue recognition – the new five‑step model and changes from existing requirements. Leases – the on‑balance‑sheet model for lessees, lease liabilities and right‑of‑use assets
• Timelines, transition and first‑time application
• Practical examples and worked calculations
• Impact on day‑to‑day work

Why attend?

By the end of the session, you will:

• Have a clear understanding of the latest FRS 102 amendments and their rationale
• Be better equipped to apply the new revenue and lease requirements using practical examples
• Understand the transition rules and how to plan your implementation project
• Be able to explain the impact of the changes to colleagues, management and other stakeholders
• Receive a CPD certificate to support your ongoing professional development.

Who should attend?

Finance directors, financial controllers, finance managers, accountants in practice and industry, and anyone involved in preparing, reviewing or auditing FRS 102 financial statements in Gibraltar.

Format and delivery

• Style: Interactive workshop with opportunities to ask questions
• Content: Mix of technical overview, practical guidance, examples and Q&A
• Certificate: 2-hour CPD certificate issued upon completion

About the Trainers Luke Walsh

Luke is a Partner at PwC Gibraltar with more than 15 years’ experience across a wide range of industries and practice areas. He leads the firm’s Advisory offering, specialising in financial reporting and technical accounting. Luke has extensive experience supporting clients in sectors such as banking, funds, property development, investments and crypto, giving him a broad and up‑to‑date perspective on how FRS 102 is applied in different business models. His focus is on turning complex technical requirements into clear, practical guidance that finance teams can use in their day‑to‑day work.

Alan Rigney

Alan is an ACCA‑qualified Manager in PwC Gibraltar’s CTAS department with over 8 years’ experience in financial reporting, tax compliance and advisory services in regulated industries.

As the department’s Digital Lead, Alan focuses on process optimisation and the use of technology to enhance reporting quality and efficiency. He has hands-on experience with tools such as Power BI, Xero, Workiva and AI solutions, and brings a practical, efficiency‑driven lens to implementing FRS 102 requirements in real finance environments.

To ensure this session is more customised and personalised, spaces are limited. Additional sessions will be offered in the future. If this event has sold out, please click here fill out this formor contact Emma Cole at emma.l.cole@pwc.com to register your interest.

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