The changing face of accounts – for small and micro businesses
Date: 1 May 2014 13:30 - 16:30
Type: Audit Assurance and Financial Reporting
Organiser: Tyne and Wear
Designed for Partners and staff involved in the preparation or audit of small company accounts and of small unincorporated businesses.
Objectives FRSSE is likely to change to reflect the changes in UK GAAP deriving from the adoption of FRS 100 – 102.
The results of the BIS consultation on micro-companies will significantly change the format and content of accounts for such companies.
Proposals under consideration for all small companies will also impact on the form and content of accounts and, indeed, may ultimately result in the withdrawal of the FRSSE.
Reports from QAD and ACCA continue to highlight errors in small company accounts including errors in applying the definition of small company, eligibility for audit exemption and in the application of accounting standards.
In addition 2013-14 sees the introduction of cash accounting for small unincorporated businesses.
Content
What are the options under company law?
- What is a small company and what are the requirements?
- What is a micro-company and what are the requirements relating to the preparation of accounts?
Accounting standards and small and micro-companies
Practical problems identified by reviewers
Cash accounting for small businesses
Interaction between accounts and tax – an overview
Cost
| Rate | Cost |
| Online booking | £84 inc vat |
| Retired/not employed online booking | £42 inc vat |
| Postal booking by cheque | £90 inc vat |
| Retired/not employed postal by cheque | £45 inc vat |
Venue
Ramside Hall Hotel
Speaker
Bill Telford – Telford Financial Training Ltd
Bill qualified as an accountant with an international big four firm in 1975 and has spent the last 30 years in education and training. In 2000, he joined Baker Tilly as National Training Director and he has served on both the ICAEW Council the Learning & Professional Development Board. He has recently retired as a partner with Baker Tilly and is now trading as a freelance lecturer and training consultant.
How to book
The easiest way to book is online by clicking the button to Book Online at icaew.com – you will be able to log into your account at icaew.com and pay with your debit or credit card.
You can also telephone the ICAEW central events booking team on 01908 248159 and pay over the phone.
Alternatively you can download a booking form or book by email.
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