Course Details

Major revisions have been published to FRS 102 and 105 with an introduction date from 1st January 2026. This will impact the preparation of financial statements for all non-listed companies in Ireland. Some of the changes are fundamental (particularly on leasing) and this could impact the ability of companies to meet bank covenants.

 

Robert Kirk covers the following topics during this session:

  • The incorporation of the recognition and measurement rules of IFRS 16 Leases into FRS 102
  • The abolition of operating leases for lessees
  • Understanding the distinction between a lease agreement and a service contract
  • How to deal with a change in economic incentives on asset and liability recognition
  • How to account for modifications of existing 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.