UK GAAP for Small & Micro Entities


Cost for BPP PD Members: £248 + VAT 3 CPD Hours
(£310.00 + VAT for non BPP PD Members Click Here for details of our membership scheme).


This course is essential for those who are involved in the preparation and audit of small company financial statements.


This course will focus on practical issues affecting small companies. In particular, it will cover FRS 102 (Section 1A) applicable to small companies and other relevant sections of FRS 102, and the micro-entity option under FRS 105. The course will review the amendments to FRS 102 which were published in December 2017 and their implications for small companies.

The course will be illustrated by several short case studies covering practical implementation issues and extracts from financial statements.

Course content

This course deals with issues relating to small companies (including micro-entities) and small groups.

  • Overview of recent developments and refresher
  • Illustrative case studies covering the following practical issues:
    • Related party transactions including directors’ remuneration, dividends and loans to the company
    • Income statement issues
    • Abridged accounts
    • Filing of accounts
    • Financial instruments and financing transactions
    • Investment properties
    • Fixed asset revaluations
    • Other comprehensive income and equity statements
    • Small company disclosure issues
    • Accounting for dividends and presentation in the financial statements
    • Goodwill and intangibles
    • Micro-entities issues
    • Classification of liabilities
    • Deferred tax

Learning outcomes include:

  • How the December 2017 triennial review revisions impact small company reporting
  • Practical tips on options available and how to take maximum advantage of exemptions
  • How to avoid common pitfalls
  • Guidance on a number of practical problem areas

"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."

Course Dates

Location Dates Time Availability  
London 12 Feb 2019 2:00 PM - 5:15 PM  Spaces Book Now
London 10 Sep 2019 2:00 PM - 5:15 PM  Spaces Book Now

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