OBJECTIVES
This session introduces the statutory requirements that underpin financial reporting and explains how Company Law applies to the preparation of financial statements. Participants will explore company size thresholds and what these mean in practice, helping them build confidence in understanding reporting requirements and how they apply in their day-to-day work.
KEY TOPICS
• Purpose and importance of company accounts
• Types of accounts — statutory and management — and how they differ
• The role of Company Law in financial reporting
• Key statutory requirements for companies
• The preparation and structure of the primary statements under relevant reporting frameworks
• Company size thresholds (micro, small, medium and large) and the implications for reporting requirements
• Reporting requirements for small companies
• Introduction to group reporting requirements
• Audit exemptions available
• Overview of filing requirements
WHO SHOULD ATTEND
Early career finance professionals starting their careers in audit, accounting, tax or other areas of finance.
