CPDStore Ireland

This session is a follow on from Parts 1 and 2 and will cover most of the remaining major amendments to FRS 102 and 105. This will impact the preparation of financial statements for all non-listed companies in Ireland. Some of the changes are material particularly the changes to business combinations, uncertain tax treatment and supplier finance arrangements and how they will be recognised and disclosed in the financial statements

Rober Kirk will follow the following topics during this webinar:

• Tying in IFRS 3 Business Combinations into FRS 102
• Incorporating IFRIC 23 into income tax section
• Disclosure for supplier finance arrangements
• Explain conflict between revised section 2 and provisions/intangible assets
• Accounting for R&D expenditure credits – tax or grant?
• Changes to FRS 102 Section 1 exemptions
• Changes to FRS 105
• Changes to UK reporting for small entities

By attending this session, it will be easier for delegates to understand how this important new topic can be implemented in practice.

The session will be of most interest to preparers of financial statements under FRS 102 as the amendments will undoubtedly have a significant impact on an entity’s financial statements. 

The entry level subject would be at an intermediate level as delegates should have a reasonable understanding of the existing requirements in FRS 102 and 105. It also represents knowledge that all financial accountants need to know.