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FRS 105: the financial reporting standard applicable to the micro-entities regime

Category: MASTER COURSE

Preparation or review of financial statements under FRS 105 The Financial Reporting Standard applicable to the Micro-entities regime

Who should attend?
This course will be of benefit to anyone involved in the preparation or review of financial statements under FRS 105 the financial reporting standard applicable to the micro-entities regime

What you will gain
The concept of micro-entities was first brought into UK company law in 2013, and subsequently FRS 105 was issued in 2015 to be effective for periods commencing on or after 1 January 2016. Initially take up of this optional standard was poor, but preparers of accounts have become increasingly aware of the benefits of applying it.

This course will consider the accounting, presentation and disclosure requirements of FRS 105, and highlight the differences between its requirements and those of FRS 102 the financial reporting standard applicable in the UK and Republic of Ireland. 

Programme outline
On completion of this course you will be able to:

  • Determine whether companies are eligible to apply FRS 105
  • Prepare financial statements in compliance with FRS 105
  • Decide whether the use of FRS 105 is appropriate/beneficial

The legal framework:

  • Identification of micro-entities
  • Content of micro-entity financial statements
  • True and fair considerations

Accounting and disclosure requirements:

  • Consideration of the main accounting, presentation and disclosure requirements of FRS 105
  • Identification of those areas where FRS 105 differ to FRS 102
  • Consideration of practical examples in the areas of difference
  • Filing requirements for micro-entities

The course starts at 2.00pm. Refreshments are included. 3 CPD hours (where applicable)

CIMA work in partnership with BPP Professional Education to offer CPD training courses



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MASTER COURSE

  • Cost:
    GBP 634.00
    Member price: £571. Plus VAT on all prices.
  • Location:
    London
  • Speaker(s):

This course will benefit all accountants involved in the preparation and audit of financial statements, in collating and communicating information in support of those financial statements, and in the design of systems to deal with that information.

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FRS 105: the financial reporting standard applicable to the micro-entities regime

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In-house training 
We can develop tailored training programmes to enhance the finance and business skills of staff across your organisation. To discuss how we can meet your learning and development needs please email us.

Find out more 
If you have any queries please email cima@bpp.com or phone us on: +44 (0)3300 603400.

The venue for this course will be confirmed 14 days before the scheduled date. 

CIMA work in partnership with BPP Professional Education to offer CPD training courses.  

This course will be delivered by BPP Professional Education Limited (“BPP”).  Accordingly, when you sign up for this course, CIMA will pass on the contact details you have provided to BPP so that they can contact you to complete your booking and process payment.  BPP will process any personal information it collects about you in accordance with its privacy policy, which is available at: http://www.bpp.com/professional-education/privacy

The information provided to BPP will not be used by BPP for marketing purposes.

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