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Preparing Small Company Accounts

Course

In Formby ()

£ 125 + VAT

Description

  • Type

    Course

  • Class hours

    3h

This course helps small companies to prepare their company accounts in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE). Suitable for: A UK company is defined as small if it does not exceed two of the following criteria: Turnover - £6,500,000 Balance Sheet total (fixed and current assets) - £3,260,000 Average number of employees - 50

About this course

A reasonable understanding of English is required.

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Teachers and trainers (1)

Peter Hughes

Peter Hughes

Company Law Expert

Peter is a qualified accountant and he has his own accountancy practice. With his vast knowledge and experience he can readily help people resolve Accounting, VAT and Employment Law and Company Law issues

Course programme

This course helps small companies to prepare their company accounts in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE).

The seminar answers the following questions:

  • What are the principal differences between a small company's set of accounts and those of larger companies?
  • How should a small company present its Profit and Loss Account and Balance Sheet?
  • What has to be stated in the Directors' report?
  • Are all small companies exempt from audit?
  • What does a small company have to disclose in accordance with the Companies Act 2006?
  • How does FRSSE expect a company to measure revenue?
  • How should a small company account for Fixed Assets and Leases?
  • What are deferred tax assets and liabilities, and how are they relevant to small companies?
  • What must a small company do about provisions?
  • If a small company has foreign currency deposits, how should it account for changes in foreign exchange rates?
  • What are the relevant disclosures if a company lends money to a director?
  • What is a related party and how should a small company account for transactions with related parties?
  • Is there a difference between accounts prepared for shareholders and those submitted to the Registrar of Companies?
  • What changes have recently been made to FRSSE and what is likely to change in the near future?

Additional information

Students per class: 35

Preparing Small Company Accounts

£ 125 + VAT