Practical Accounting Problems (ROI)

This course assumes a basic understanding of company financial statements. The course highlights common problems with completeness and adequacy of disclosure.

The course consists of a mixture of formal lecturing, case studies and discussions designed to highlight a range of common disclosure and accounting errors in company accounts. This can be especially prevalent where there are changes in company law and accounting standards or where the company undertakes a transaction.

The course also covers:

• Companies Act and FRS 102 disclosure requirements
• Small company exemptions including FRS 102 section 1A
• Provisions and contingencies
• Director disclosures and other related party disclosures
• Basic financial instruments
• Revaluations
• Substance over form (Revenue Recognition, Leases)