Accounting and Compliance for OMBs - Problems and Practical Solutions

Preparers of UK GAAP accounts, whether under full FRS 102, FRS 102(1A) for small entities or FRS 105 for micro-entities, need to know how to tackle the most common issues that arise in practice. This course focuses on practical issues using case studies, real-world examples and sample disclosures to illustrate how these should be dealt with.

The course content will reflect emerging issues but is likely to cover topics including:

  • Size and audit exemption
  • Charity size and audit issues
  • Accounting policies – how much is too much
  • PPE – initial recognition including component accounting, estimating useful life and residual value
  • Investment properties – how to present fair value changes, dealing with transfers and mixed-use property and deferred tax
  • Intangibles and goodwill – how to approach recognition and amortisation
  • Accounting for R&D tax claims
  • Financial instruments, including loans, investments and share-based payments
  • Presentation and disclosure issues under FRS 102 and FRS 102(1A)
  • Revenue recognition
  • Micro-entity (FRS 105) accounting and disclosure, with a comparison to FRS 102(1A)
  • Use of true and fair override and extra disclosure needed in certain areas
  • Filing issues

We will also be running an online key points version of this course - click here for further details.

The above content relates to 2021 events only.

CPD Course
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Flexible solutions

We offer a range of solutions to meet your training needs. To discuss your memberships or bespoke packages needs contact us on 0330 058 7141 or email us.


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