This course looks at the UK GAAP requirements for small and micro reporting entities. These requirements were introduced 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.

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.

Key information

  • learn at your own pace
  • help meet your annual CPD requirements
  • develop your own learning needs
  • exclusive member benefit – 10% discount
  • iPad/Android compatible.
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Helping accountants grow. 

Disclaimer: This course is available for ACCA members, you may need your ACCA membership number to complete your booking. This course and outline is provided by a third-party course provider. All course bookings are subject to the terms and conditions set by the course provider. Please see individual supplier pages for full terms and conditions. ACCA takes no liability for bookings made with third-party suppliers.