Small and Micro-Entities- Implementing the New Regime

For periods commencing on or after 1 January 2016, small entities will adopt FRS 102 (with Section 1A) and micro-entities will adopt FRS 105. The new standards may require significant amendments to companies' accounting policies and revised company law will impact the presentation and disclosure within both small and micro-entity accounts.

Topics will include:

• An overview of the accounting differences between the FRSSE, FRS 102 and FRS 105
• The transition process in s35 FRS 102 and s28 FRS 105
• Case study examples illustrating the transition adjustments for small and micro-entities
• Presentation and disclosure under FRS 102 section 1A and FRS 105
• Helping clients with the transition process
• A true and fair view - considering additional disclosures