UK & Ireland GAAP for Small and Micro-Entities
This course looks at the UK GAAP requirements for micro and small reporting entities. You'll examine the accounting and disclosure requirements and the wider implications and planning aspects, ensuring a smooth transition to a different regime.
UK & Ireland GAAP for Small and Micro-Entities
This course will enable you to
- Understand the available accounting regimes for small and micro entities and their accounting and disclosure requirements
- Present financial statements in accordance with FRS 105 and FRS 102 Section 1A
- Understand which is the most appropriate accounting regime for your business or clients, and how to adopt it
- Recognise the wider implications and minimise the impact of making the transition to a different regime
About the course
This course looks at the UK GAAP requirements for small and micro reporting entities. These requirements were introduced a while back now in 2016, when significant changes in financial reporting for the smallest companies and other organisations were brought in by the Financial Reporting Council (FRC). The FRC introduced Financial Reporting Standards for the smallest companies, and included a new category of company, the "micro-entity". A large number of companies in the UK meet the thresholds so these financial reporting standards are relevant and significant to many business owners and their advisors.
This course will help you find out more about the financial reporting options for small and micro-entities. It explores the background to the standards, examines the accounting and disclosure requirements and considers the potential wider implications and planning aspects that should ensure a smooth transition to a different regime.
Look inside
Contents
How it works
Authors
Steve Collings
Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA's Practice Network Panel.
Lisa Weaver
After qualifying (ICAEW), Lisa spent several years in audit practice with Deloitte and was part of the national audit training faculty at KPMG. Since leaving practice, Lisa has worked in a variety of education-focused roles, including executive education and has maintained strong links with the accountancy professional bodies.
