Accounting for Small Entities in the UK

This course will start with an overview of the current financial reporting regime for small entities in the UK. It will then move on to a detailed consideration of the key sources of relevant regulation and legislation. The course will close with a review of future UK developments for small entities.

Programme includes:

• Company law for small entities including:
- limits
- accounting simplifications
- formats and abbreviations
• FRSSE 2008 (including accounting treatments and disclosures compared to full UK GAAP)
• Related parties and Directors' transactions under the CA 2006 (the basis for the FRSSE disclosures)
• Micro entities
• Small charities (combining the FRSSE with the SORP 2005)
• The ASB proposals for the future