Course outline:
The course will introduce the format and disclosure requirements of limited companies accounts. It is focused on accounts prepared under FRS 102(1A) but highlights differences from FRS 102. It does not deal with micro accounts.
By the end of the day the participants will be familiar with a set of statutory accounts together with the relevant notes.
The course does not deal with the content of filleted accounts.
Who should attend:
This course is part of the Early Careers Year 2 programme
CPD Hours: 3
Course details:
- Comparison of sole trader or partnership accounts with company accounts.
- Formal introduction to company accounts, accounting principles and policies.
- Profit and loss account - format and notes including reference to accounting standards.
- Balance sheet - format and notes, including relevant accounting standards.
- Other primary statements
- Exercises will be used to illustrate the contents of some of the disclosure notes.
- Case study - participants will be introduced to the small company accounts disclosure checklist and will be required to review and amend a set of accounts for both disclosure requirements and presentation issues.
- Discussion contrasting the differences in disclosures should the company not claim small company exemptions.
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