Hot Topics in Small & Micro Entity Accounts

Friday 25th October 2024


3 CPD Hours

120 Days Access

Course outline

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.

Who should attend

Accountants in professional practice and industry who need to keep abreast of the latest rules and hot topics relating to the preparation of financial statements under FRS 102 (including Section 1A) and FRS 105.

Course content 

  • Impact of ISAs 240 and 315 revised on
  • 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
  • Common issues when filing at Companies House
  • FRS 105 – the top 10 most frequently asked questions
  • What changes with filing rules for small and micro entities under the Economic Crime Act
  • Summary of key differences between UK GAAP and IFRS accounting rule

Course speaker

This course is presented by: Peter Herbert

After qualifying in 1993 Peter spent a number of years in industry and now spends much of his time delivering training courses on aspects of financial reporting, auditing, company law and practice regulation, principally to accountants working in professional practice and in industry.

When not training, Peter spends much of his time carrying out audit file reviews and practice assurance reviews for firms of accountants and advising them on issues of financial reporting and audit methodology. This allows him to bring practical insight to the courses and lectures that he delivers.

How long is this course?

One day – from 9.30am - 12:30pm

Course location and cost

Our high-quality programmes are delivered virtually and face-to-face for your convenience.


Non-members - £145 + VAT

Online members - £108 + VAT

Full members – FREE


Live via webcast

Non-members - £145 + VAT

Online members - FREE

Full members – FREE

If you would like to find out about accessing cost-effective training for you and your team through our membership programme, you can learn more here.

Recording of live sessions: A recording will be available 2-3 days after the course and will automatically be sent to those who attended the live online webcast.  The recording will also be available upon request for venue attendees.