CPDStore Ireland

This session 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 revenue recognition, business combinations, uncertain tax treatment and supplier finance arrangements and how they will be recognised and disclosed in the financial statements.

Robert Kirk will cover the following topics during this webinar:

• Introduction of a five step model for revenue recognition
• Introduction of a revised Section 2 on Basic concepts and principles
• Minor changes to financial instruments
• Tying in IFRS 3 Business Combinations into FRS 102
• Incorporating IFRIC 23 into income tax section
• Changes to going concern disclosure
• Changes to cash flow statement due to leasing changes
• Disclosure for supplier finance arrangements
• Changing significant to material policies
• Introducing a new definition of accounting estimates
• Clarification of when an associate is created
• Additional guidance on distinction between tangible and intangible assets
• Explain conflict between revised section 2 and provisions/intangible assets
• Accounting for R&D expenditure credits – tax or grant?
• Minor changes to specialised activities
• Amendments to FRS 102 – adapted formats (Feb 2026)

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.

Course Level: Intermediate

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.