This course will give participants a good understanding of the UK accounting rules that a recession often triggers, so that they can prepare accounts confident that the balance sheet and profit and loss account comply with the measurement and disclosure rules.  

Anyone preparing or reviewing SME accounts under UK standards.

• Writing down fixed assets to recoverable amount, including impairment testing for
• goodwill and intangibles
• operating tangible fixed assets
• investment properties
• investments
• Write downs to revaluation reserve or profits?
• Disclosure issues arising
• Current assets and net realisable value
• Liability classification
• Going concern disclosures