Financial statements for SMEs update

Available on these dates:

Code	Notes	Venue	Lecturer	Date	Time	Price	Qty
SW2803		Cardiff	John Selwood	28/03/2012	1:45 pm to 4:45 pm	£59.00
NM0805		Bolton	Peter Thatcher	08/05/2012	9:30 am to 12:30 pm	£59.00
P1405P		Preston	Peter Thatcher	14/05/2012	1:45 pm to 4:45 pm	£59.00
P1405A		Preston	Peter Thatcher	14/05/2012	9:30 am to 12:30 pm	£59.00
CH1505A		Chester	Peter Thatcher	15/05/2012	9:30 am to 12:30 pm	£59.00
SM1906P		Wilmslow	Peter Thatcher	19/06/2012	1:30 pm to 4:30 pm	£59.00
SM1906A	Sorry this is now sold out	Wilmslow	Peter Thatcher	19/06/2012	9:00 am to 12:00 pm	£59.00	Please call 01625 574848
BR2506		Bradford	John Selwood	25/06/2012	1:45 pm to 4:45 pm	£59.00

You can book this course by using the booking form above. The booking will be confirmed by e-mail.

Course contents

This course is designed as an update on developments in financial reporting for SMEs and a review of commonly met disclosure problems. The contents will be drawn from:

• Update on the time table for planned changes to disclosures
• Update on proposed changes to IFRS for SMEs (note this course does not include extensive coverage of IFRS disclosures)
• Changes made to the FRSSE
• Review of small and medium sized limits
• Review of group accounting requirements (this course does not cover detailed group accounting)
• Review of common disclosure errors and problem areas including: Fixed assets
• Goodwill
• Intangible assets
• Stock
• Debtors
• Leases
• Creditors
• Loans
• Share capital issues
• Director’s reports
• Accounting policies
• Companies Act changes.

The course is an update and refresher and the exact contents will be set about 4 weeks before the course and will be posted on www.smarttraining.co.uk.

Peter Thatcher's updates and refresher will cover: The course contents

• Recent developments in UK GAAP:
• - Recent standards
• -amendments and UITF Abstracts Brief update on the future of UK GAAP (FREDs 46, 47 and 48)
• Update on proposals for micro-entities
• Complete review and disclosure requirements for transactions with directors - loans, dividends, overdrawn loans, related party issues
• Related party transactions and disclosures of control
• Events after the balance sheet date - the problem areas
• Exceptional and extraordinary items - clarification of what each item currently is and disclosure requirements
• Fixed asset issues
  - changing useful lives
  - treatment of repairs and maintenance expenditure
  - recognising and accounting for a fall in an asset's / property's value
• Investment properties
  - how to value in a declining market
  - what to do if the directors or a valuer refuse to provide a valuation
• Prior period adjustments and other reserve movements
• Disclosure of accounting policies
• The business review in the directors' report
• Other FAQs
  - including application of the FRSSE
  - required statements on the balance sheet
  - disclosure of authorised share capital
  - disclosure of dividends paid to directors
  - treatment of preference shares
  - treatment of goodwill, recognition
  - for long-term contracts
  - lease disclosures
  - deferred tax assets
  - treatment of foreign exchange differences