LLPs - Accounting Refresher and Update

Objectives

This session is designed to help all those involved with the preparation and audit of LLP accounts. The session will focus on the most important and challenging issues which are likely to arise and to offer practical guidance and advice.

Key topics

• Reporting members’ interests, profit shares, drawings, capital and residual balances.
• Changes to LLP SORP resulting from the new version of FRS 102 effective from 2026, such as revenue recognition.
• Transition to an LLP from a limited company or a partnership.

Who should attend

This session will be relevant and appropriate for all those involved in the preparation and audit of LLP financial statements.