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Technical

FRS 105 - Reporting for Micro Entities Logo cima

  Lincoln Miles |   $45.00 |   BPP |   07 Aug 2017 |   01:00 h |   AICPA Store

Although there is a simplified framework for small entities, a micro entity requires further simplification of financial reporting. FRS 105 is designed to replace the FRSSE and provide that simplification. It reduces the content of a set of accounts, simplifies the format of those accounts, and removes complexity and unnecessary choice from the accounting framework. This course provides an overview of the key requirements of FRS 105 by considering qualifying criteria, account formats and key accounting requirements of FRS 105.

Learning Outcomes:

On completion of this course, you will have a greater understanding of:

  • The qualifying criteria of FRS 105.
  • The content of a complete set of accounts under FRS 105.
  • The format of accounts under FRS 105.
  • The key accounting requirements of FRS 105.

Course Duration: 1 hour

This course does not offer CPE credit.

Topics covered:
  • Management accounting: Technical: Financial accounting & reporting: Professional accounting standards, Foundational

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