In our fifth accredited CPD course of 2025, trainer David Potts focuses on understanding the nature of LLPs and the relevant legislation and reporting requirements. David discusses how LLPs differ from other business structures in terms of accounting, including the specific LLP SORP which applies to LLP accounts, and uses practical examples to illustrate the issues that often cause difficulty.
The three-hour session broadly covers:
- The legal framework for LLPs
- Current reporting requirements and examples from LLP financial statements
- Conversion issues for an existing partnership and use of LLPs by investment funds
- Tax treatment of LLPs
- The LLP SORP – impact of recent changes to UKGAAP
- Members’ agreements – key issues for the accounts
- Audit issues
The recording can be viewed here:
