Small and Micro Entity Accounting- Problems and Solutions - Key Points

Preparers of UK GAAP accounts for smaller entities, whether under FRS 102(1A) or FRS 105, need to know how to tackle the most common issues that arise in practice. This will help ensure that accounts are prepared properly and also give delegates the skills to appropriately advise clients.

This course focuses on practical issues, using case studies, real-world examples and sample disclosures to illustrate how these should be dealt with.

Preparers of UK GAAP accounts for smaller entities, whether under FRS 102(1A) or FRS 105, need to know how to tackle the most common issues that arise in practice. This will help ensure that accounts are prepared properly and also give delegates the skills to appropriately advise clients.

This course focuses on practical issues, using case studies, real-world examples and sample disclosures to illustrate how these should be dealt with.

The course content will reflect emerging issues but is likely to cover the key points of topics such as:

• PPE – initial recognition including component accounting, estimating useful life and residual value
• Investment properties – how to present fair value changes, dealing with transfers and mixed-use property and deferred tax
• Groups, intangibles and goodwill – how to approach recognition and amortisation, including an overview of common group accounting issues
• Financial instruments, including loans, investments, derivatives and share-based payments
• Presentation and disclosure discussions under FRS 102(1A)
• Micro-entity (FRS 105) accounting and disclosure, with a comparison to FRS 102 Section 1A and a consideration of the ethical issues of preparing micro accounts where problems arise.