Small and Micro Companies - Common Disclosure Errors

Objectives

This webinar will tackle, with practical examples, the most common problems with preparing and filing accounts for small and micro companies and will outline recent and upcoming changes driven by the FRC Periodic Review and reform of Companies House.

Key Topics

Understanding the small and micro-entity regimes

• Company size and audit exemption
• Filing small and micro company accounts

The Periodic Review for small and micro-entities

• Background and summary
• Enhanced disclosures for section 1A
• Revenue recognition
• Lease accounting (for lessees)

Common accounting problem areas

• FRS 105 differences
• Property issues
• Loans and other financial instruments in FRS 102(1A)

Handling tricky disclosures

• Handling tricky disclosures in FRS 102(1A)
• Handling tricky disclosures in FRS 105

Who Should Attend

All staff involved in preparing and filing accounts for small and micro companies.