Accounting for Limited Liability Partnerships (including the New LLP SORP)

Pricing

Cost for BPP PD Members: £239 + VAT 3 CPD Hours
(£299.00 + VAT for non BPP PD Members Click Here for details of our membership scheme).

Course Level

Specialist

Delegates

This course will prove useful to those considering the switch from partnership to LLP, those new to accounting for LLPs or existing employees looking to refresh or consolidate their knowledge. Auditors of LLPs would also benefit from attending.

Overview

Partnerships are not required to prepare their accounts under full UK accounting standards and few do this voluntarily, choosing instead to adopt accounting policies that are straightforward to administer or felt to better achieve equity between partners. On the other hand an LLP is required by law to prepare full statutory accounts in accordance with accounting standards, and, unless the LLP is small enough to be exempt, these must be subject to an audit.

We also cover the revised LLP Statement of Recommended Practice (SORP) issued in July 2014, further to the development of FRS 102.

Learning outcomes include obtaining a greater understanding of:

  • The law and practice of LLPs
  • General accounting requirements and the new LLP SORP
  • The contents of the annual report and financial statements
  • Members' remuneration and interests
  • Retirement benefits
  • Taxation
  • Revenue recognition
  • Provisions
  • Other relevant accounting standards
  • The transition from partnership to LLP

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


    Course Dates

    Location Dates Time Availability  
    London 21 May 2018 9:30 AM - 12:45 PM  Spaces Book Now
    London 16 Nov 2018 9:30 AM - 12:45 PM  Spaces Book Now

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