18th March 2025

TIMING

COURSE CODE

MA18A5

SPEAKER

Peter Herbert

OBJECTIVES

Company law includes detailed disclosure requirements for credit transactions with directors, including loans, and guarantees on behalf of directors which apply to all categories of company. Accounting standards differ both in terms of the definitions of related parties and the requirements for disclosures.

These requirements are often misunderstood and misapplied. In this course we will provide practical guidance to ensure the correct disclosures are made, taking account that the directors will usually prefer minimal disclosures.

The course will also provide an overview of the taxation implications of the relevant loans and transactions.

WHO SHOULD ATTEND?

Partners and staff involved in the preparation and audit of company accounts.

TOPICS

The course will cover the following:

• Company law requirements
  • What is an advance?
  • What is a guarantee?
  • What is disclosable and for whom?
• Who qualifies as a related party?
  • For large and medium sized entities?
  • For small entities?
• What are the related party disclosure requirements
• Directors and key management personnel remuneration
  • Disclosure requirements under company law
  • FRS 102 disclosures
• Controlling party disclosures
• Disclosures in group accounts
• Taxation implications of the above

VENUE

This course will be available live online. You will be emailed the link to join two days before the course date.

DISTRICT

All

COURSE FEE

£105+VAT. (click here for information on the Flexiticket discount scheme - fees as low as £62.00+VAT per place)