Course Details

This course covers the key changes that have been introduced by the International Accounting Standards Board (IASB) to replace IAS 1 with IFRS 18. These will be particularly important for those accountants in Ireland that are involved in either preparing or advising clients on how to comply with international financial reporting standards. It is important that they have a clear understanding of the significant changes that have been implemented in performance reporting and in cash flow presentation.

 

Robert Kirk covers the following topics during this presentation:

  • The objective and scope of IFRS 18
  • The roles of the primary financial statements and the notes 
  • Retention of aspects of IAS 1
  • Principles of aggregation and disaggregation
  • Presentation of the Statement of Profit and loss – new mandatory sub totals and new presentation between operating, investing and financing activities
  • Analysis of expenses by nature or function or mixed
  • Introduction of Management Performance Measures (MPMs)
  • Reassessments and modifications of lease agreements
  • Capital and other disclosures
  • Amendment of cash flow statement under IAS 7

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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.