You are employed as an accountant in a local accountancy practice and have been asked to prepare a PowerPoint presentation for a seminar being held for your “Small Company” clients with turnovers ranging from £40,000 up to £6,000,000, about the current financial reporting options for these companies and any possible changes in the next 3 years.
You are employed as an accountant in a local accountancy practice and have been asked to prepare a PowerPoint presentation for a seminar being held for your “Small Company” clients with turnovers ranging from £40,000 up to £6,000,000, about the current financial reporting options for these companies and any possible changes in the next 3 years.
A number of these clients are particularly interested in the implications for them of FRS100-102 and you need to cover the main advantages and critically discuss any difficulties that companies could have implementing these new standards (particularly FRS102).
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