This month's exclusive Accountancy Daily CPD module focuses on transitioning from FRS 105 Micro-Entities Regime accounting rules for small entities to full blown FRS 102 Financial Reporting Standard
The module examines the circumstances in which an entity may decide, or be forced, to move from FRS 105 up to FRS 102. We look at the eligibility criteria and how entities are classified as micro, small, medium-sized or large, and some of the key features of FRS 105.
By completing this module you will be able to:
- to understand the eligibility thresholds and how to apply them correctly between FRS 105 and FRS 102;
- FRS 105 key features;
- FRS 105 to FRS 102 transition issues to ensure correct values and appropriate disclosures are presented in the financial statements;
- recap on the rules relating to the simplification of loans to small entities and their impact on the accounts.
This CPD module takes 15 minutes to complete and is followed by a short quiz to ensure thorough learning. There are also detailed course notes to ensure a full learning experience. Any CPD learning is also automatically added to Your CPD Tracker.
The CPD course lecturer is Steve Collings FMAAT FCCA, audit and technical partner at Leavitt Walmsley Associates Ltd where he trained and qualified. Collings became a member of the Association of Accounting Technicians (AAT) in 2001 and qualified as a chartered certified accountant in 2005.