Course Details

This presentation covers the key features that have been developed by the Financial Reporting Council (FRC) to update the existing FRS 102 on accounting for leases. As most accountants in Ireland are involved in either preparing or advising clients on how to comply with FRS 102 it is important that they have a clear understanding of the significant changes being implement in Section 20 Leases of FRS 102.

 

Robert Kirk covers the following topics during this course:

  • Brief introduction to the publication of FRS 102
  • Reasons and objectives of the new Section 20 Leases in FRS 102
  • The options and exceptions available in Section 20
  • The definition of a lease and distinction from a service contract
  • The lease term and subsequent adjustments
  • The double entry bookkeeping for leases
  • Subsequent measurement of leases
  • Reassessments and modifications of lease agreements
  • Presentation and disclosure of leases

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CPD Course Speaker

Consultant

Robert Kirk

Robert qualified in first place in 1975 as an Irish Chartered Accountant after graduating in Economics from Queens University. He trained in practice with Price Waterhouse and later worked in industry with a subsidiary of Shell (UK). His teaching career started with Business and Accounting Training (now Griffith College) in Dublin where he taught mainly on the professional examination courses for ICAI, CPA, CIMA and ACCA in Belfast and Dublin.

Robert specialises in the teaching of and research into the development of accounting standards in the United Kingdom. He has published 18 books and numerous articles in both academic and professional journals. His latest publication (co authored with Stephen McNamee) is the second edition of ‘A practical guide to UK and Irish Gaap’ (May 2020) (552pp) published by Chartered Accountants Ireland.