Key Differences Between FRS 102 and IFRS (Oct 26)
Category: Financial Reporting | Duration: 1hr | Tag: VODIRE2668 | Type: Video | Course Level: Intermediate | Speaker: Robert Kirk | Date: 22/10/2026 11:30
Course Details
This short course examines the existing differences between reporting full IFRS and FRS 102. In particular it concentrates on the transitional issues emerging from incorporating both IFRS 15 and 16 into FRS 102 for implementation in December 2026.
Robert Kirk covers the following topics during this course:
- Introduction to the scope of both IFRS and FRS 102
- Understanding the difference in approach between Section 2 of FRS 102 and the IFRS Conceptual Framework
- Examining the different approach taken to accounting for goodwill under both regimes
- Have an awareness of how development costs are treated under both IFRS and FRS 102
- Examining the major difference in approach to accounting for financial instruments
- The major approach to disclosure that differs between the two frameworks
- disclosures required under FRS 102
- The transition required in implementing new leasing rules into FRS 102
- The transition required in implementing new 5 step model into revenue accounting under FRS 102
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.
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.