Applying FRS 105 in Practice - Micro-Entity Amendments & Updates for 2026

Introduction

Designed for accountants, auditors and finance professionals involved in the preparation and audit of accounts for UK SMEs under UK GAAP, this new virtual classroom seminar will focus on the practical application of FRS 105, helping you make the most of the exemptions and simplifications it offers compared with FRS 102.

What You Will Learn

This live and interactive session will cover the following:

• Eligibility for FRS 105
• Qualifying criteria for micro-entities, including updates from the 2025 Companies Act amendments
• Key Reporting Requirements
• Overview of primary statements, required notes and the information to be filed with Companies House under current rules
• Simplifications and Exemptions
• Differences compared with FRS 102 and FRS 102(1A), including updates introduced in 2024
• Enhanced Management Reporting
• Guidance on additional information that can be provided to clients under FRS 105
• Transitioning from FRS 102 to FRS 105
• Step-by-step guidance, key considerations and additional information required during the transition

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.