Small Company Reporting Update – including the new FRSSE

Small company accounts are changing! The FRC has issued a new FRSSE which is now linked to FRS 102 rather than to old UK GAAP, and are issuing an Abstract on accounting by Residential Management Companies. The government are implementing their controversial proposals for a very simplified accounting regime for micro companies and replacing the directors’ report with a directors’ statement with effect from accounting periods ending on or after 30 September 2013.
Can you afford to miss this course?
The course will include: Requirements introduced by FRSSE (effective January 2015) – which can be applied now! Mechanics of the new link between FRSSE and FRS 102; Requirements of FRS 102 that are likely to affect small companies – including holiday pay accruals; The new EU directive which reduces the disclosures required and permitted for small companies and casts doubt over the future role of the FRSSE; Simplified accounting for micro companies – the new legal requirements; Consequences if micro companies are not required to follow accounting standards; Implications following the abolition of the directors’  report and the introduction of the directors’ statement and the strategic report; Finalisation of FRC Abstract 1 on accounting by Residential Management companies