TIMING

COURSE FEE

 £99+VAT. (click here for information on the Flexiticket discount scheme - fees as low as £45.60+VAT per place).

COURSE CODE

NO09A7

SPEAKER

John Selwood

OBJECTIVES

For small companies, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland applies for periods commencing 1 January 2016. It applies a year earlier for medium sized and large companies from periods commencing 1 January 2015. Partnerships and sole trades will also have to follow the recognition and measurement requirements of the standard for the purpose of calculating their taxable profits. This course will help delegates understand the implications of this change

WHO SHOULD ATTEND?

All partners and staff involved in preparing accounts for tax purposes, including more specialist tax practitioners who want to get to grips with new  UK GAAP

TOPICS

• An overview of new UK GAAP, including small and micro entity reporting
• Revenue recognition once FRS 5 and UITF 40 have been withdrawn
• The tax implications of gains and losses on financial instruments being accounted for through the profit and loss account
• Hedge accounting and the disregard regulations
• Inter company loans and the tax position
• The tax implications of transition and other prior period adjustments
• Holiday pay accruals
• Deferred tax
• Tax issues for micro companies

VENUE

Coppid Beech Hotel, Binfield near Bracknell

DISTRICT

Thames Valley