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Life after FRSSE – FRS102 or 105?

We are facing the biggest changes in financial reporting in a generation. Company law changes in small company reporting and eligibility, the death of FRSSE and a new standard for the very smallest companies.

In this course we outline those changes and help practitioners with the following questions:

 Which standard should your clients choose?

 What are the accounting policy choices?

 How do you deal with transition?

 What are the implications for tax and HMRC

 What will be the impact on your fees?

Content will include:

•  The Accounting Directive and changes in financial reporting and accounts presentation and disclosure
•  Micro-company accounts – why should you move to them now and why they become more important under new  UK GAA
• Company law
• Tax
• FRS 105 v FRS 102
•  Small companies – what are the options under company law and accounting standards
•  New UK GAAP and tax – how the tax computation will change