FRS 105 - Reporting for micro entities


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

Authored By

Lincoln Miles is a financial reporting consultant and trainer specialising in IFRS, US GAAP and UK GAAP.  He has worked as an auditor for PwC, has been a presenter and technical author for BPP and provides bespoke consultancy and training to companies throughout Europe.

A CPD certificate of completion will be provided by BPP Professional Education Limited upon successful completion of the online course.

CPD Points: 1

CPD Duration (hours): 1

Access: 12 months from purchase date

Price: £35.00 (excludes VAT)