Small and Micro Entity Accounting Issues

This seminar will help navigate through the practicalities and highlight imminent changes for small entities applying FRS 102 Section 1A and micro entities applying FRS 105

Description

Although now well established, UK GAAP still presents a raft of challenges for small entities applying FRS 102 Section 1A and micro entities applying FRS 105. This seminar will help navigate through the practicalities and highlight imminent changes:

  • Common recognition and measurement issues – and the different approaches under FRS 102 and FRS 105
  • Section 1A disclosures – what’s really needed to inform a true and fair view
  • The thorny issue of related party and directors’ transactions
  • FRS 105 – the top 10 most frequently asked questions
  • Update on filing rules for small and micro entities under the Economic Crime Act
  • Heads up on imminent changes to FRS 102 and FRS 105 for periods commencing 1 January 2026

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Small and micro accounts

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