Course Details

Climate change is the key societal issue facing the world in the twenty first century. Financial reporting is not immune from this process and the Financial Reporting Council (FRC) published an initial Factsheet in November 2021 to aid preparers of financial statements under FRS 102 cover the topic. 


In addition, a new International Sustainability Standards Board (ISSB) has been set up to develop specific standards for listed companies. These will undoubtedly be implemented in a simplified form into FRS 102. The session course should help those accountants preparing financial statements under FRS 102 to better understand the likely impact of climate change on their financial reporting.


This session looks at the following key issues affected by developments in this field from the FRS 102 Factsheet 8 Climate Related Matters:

  • Going concern – factors to consider, accounting policies, judgments and estimation uncertainty
  • Financial instruments, inventories – obsolescence, PPE and intangible assets - useful life, residual value and impairment
  • Provisions, Government grants and loans and share based payment
  • Impairment of assets, employee benefits and Income tax
  • Narrative reporting

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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.