Financial Statements Explained - Entity Types, Reporting Frameworks & Disclosure Requirements

Introduction

Whether you are reviewing financial information as part of your role or looking to strengthen your technical knowledge, this webinar provides a practical, structured overview of the UK financial reporting landscape.

It will explore the key differences between common business structures, from sole traders and partnerships to limited companies and LLPs, helping you understand how legal form influences reporting requirements and financial outcomes.

This practical webinar explores common areas of complexity and risk, equipping you with the skills to identify issues, ask the right questions and carry out more effective reviews. On completion of this webinar, you will be better prepared to interpret accounts with confidence and recognise when further investigation is needed.

This webinar is suitable for legal professionals, in-house counsel, company secretaries and compliance and governance professionals with a basic understanding of financial statements who wish to have better understand their own business accounts or develop their knowledge of how accounts differ between organisations and the reporting frameworks that underpin them.

What You Will Learn

This webinar will cover the following:

• Understand the key differences between common entity types, including sole traders, traditional partnerships, limited companies, LLPs or a combination of them
• Recognise the principal filing requirements for both Companies House and HMRC, including exemptions and audit thresholds that apply to different organisations
• Gain an understanding of the main accounting frameworks, including UK GAAP (i.e. FRS 102 versus FRS 105) and IFRS
• Identify the information that must be included within a set of financial statements and how disclosure requirements vary
• Understand how accounting policies, estimates and judgements can affect reported results
• Recognise common areas of complexity and risk when reviewing financial statements
• Develop greater confidence in reviewing accounts and identifying issues requiring further enquiry

This pre-recorded webinar will be available to view from Thursday 7th January 2027

Alternatively, you can gain access to this webinar and 2,400+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.