This month’s exclusive Accountancy Daily CPD module will look at the legal framework and the accounting issues of distributable profits as well as the underlying importance of commercial prudence and best practice regarding disclosure
Completing this module will enable you to:
- describe the legal framework so that its purpose and application to companies’ accounts can be understood;
- explain the accounting issues which supplement the legal requirements;
- explain the underlying importance of commercial prudence and the need for a long-term as well as a short-term view; and
- be aware of best practice regarding disclosure of distributable profits and dividends.
This CPD module takes 15 minutes to complete and is followed by a short quiz to ensure thorough learning. Any CPD learning is also automatically added to Your CPD Tracker.
The CPD course lecturer is David Duvall MA FCA. Duvall read Classics at Cambridge and qualified as a chartered accountant in 1973 with Peat Marwick Mitchell & Co (now KPMG). He then worked as a tutor for Financial Training in London and subsequently for ATC Thames Valley, where he was client liaison director. From 2002 until retirement from full-time work in April 2014, he was training manager at Chantrey Vellacott DFK, where he was responsible for graduate recruitment and co-ordinating student training as well as external and internal lecturing.
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