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 2020, 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
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London |
20 Oct 2020 |
2:00 PM - 5:15 PM |
Spaces |
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