Course Details

This course is a follow on from Part 1 and so the other remaining major revisions being proposed to FRS 102 and 105 with an expected introduction date from 1st January 2025 will be discussed. This will impact the preparation of financial statements for all non-listed companies in Ireland. Some of the changes are fundamental particularly on new definitions of assets and liabilities and how they are recognised in the financial statements.

 

The key topics that are covered in the course include the following:

 

  • Revised concepts and pervasive principles including new definitions of assets and liabilities and new recognition principles
  • The changes to financial instruments
  • New definition of a business in relation to business combinations
  • The incorporation of IFRIC 23 into FRS 102 on tax uncertainty
  • Changes caused by developments in international 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.