Small and Micro Companies - Common Reporting Issues

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 upcoming changes driven by the FRC Periodic Review and reform of Companies House.

KEY POINTS

Changes to the small and micro-entity regimes

• Company size and audit exemption
• Filing small company accounts
• Accounting standards and rules

Common small company reporting issues

• Property, plant and equipment (PPE)
• Lease accounting and the Periodic Review
• Investment properties
• Intangibles and goodwill
• Loans and other financial instruments
• Revenue accounting and the Periodic Review
• Determining distributable profits

Disclosure issues for small companies

• Accounting policies
• Notes and other disclosure issues
• Practical considerations for disclosure
• Incoming changes to section 1A

Micro-entity accounting issues

• FRS 105 recognition and measurement
• FRS 105 disclosures

WHO SHOULD ATTEND

Staff involved in accounts preparation and review, including partners and managers.