Micro Entities under FRS 105

Course Content

With the changes in UK GAAP and the move to FRS 102 accounting for some smaller entities as micro entities is becoming more appealing. As with the current small company regime a company need only meet two of the three criteria to qualify as a micro entity, these are currently:

In this course we will look at the simpler reporting and accounting regime for micro entities contained within FRS 105. We will review the content and format of the accounts and consider topical issues in relation to micro accounts.