Accounting for Limited Liability Partnerships (including the new LLP SORP)

Date:
25 July 2019
Time:
9.30am-12.45pm
Location:
London

Member price: £263 + VAT

Non-member price: £310 + VAT


London, 25 July 2019
London, 13 November 2019

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What you will learn

Partnerships are not required to prepare their accounts under full UK accounting standards and few do this voluntarily, choosing instead to adopt accounting policies that are straightforward to administer or felt to better achieve equity between partners.

On the other hand, an LLP is required by law to prepare full statutory accounts in accordance with accounting standards, and, unless the LLP is small enough to be exempt, these must be subject to an audit.

We also cover the revised LLP Statement of Recommended Practice (SORP) issued in July 2014, further to the development of FRS 102.

Who should attend

This course will prove useful to those considering the switch from partnership to LLP, those new to accounting for LLPs or existing employees looking to refresh or consolidate their knowledge. Auditors of LLPs would also benefit from attending.


Note: A similar course is available for those delegates based in Scotland.  

LLP accounts - current issues and refresher

Find out more


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Content

Obtain a greater understanding of:

  • The law and practice of LLPs
  • General accounting requirements and the new LLP SORP
  • The contents of the annual report and financial statements
  • Members' remuneration and interests
  • Retirement benefits
  • Taxation
  • Revenue recognition
  • Provisions
  • Other relevant accounting standards
  • The transition from partnership to LLP

Location

London

Contacts

BPP
Tel: 0330 060 3303
Email: ldicas@bpp.com

Topics

  • Audit and Assurance
  • England and Wales
  • Training courses
  • London and Home Counties

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