Course Details

  • Should a PCP contract be recognised as a finance or operating lease? 


  • How should convertible shares and a loan note be accounted for? 


  • How can I assess an asset for impairment if fair value is difficult to establish? 


  • Should a group loan without a formal agreement be recognised as repayable on demand and what are the implications if a letter of support is required? 


  • Investment property
    • When is an independent valuation of an investment property required? 
    • Has the ‘undue cost or effort’ exemption for measuring investment properties ceased? If an investment property ceases to meet the criteria as an investment property, how is it treated? 


  • Provisions – Disclosure requirements where a revenue audit is ongoing – An analysis of what is required – disclosure, no disclosure or recognition of a provision? 


  • I have a company who paid a liability for negligent work. A subcontractor who was involved in the work agreed to pay part of the bill. Do I recognise an asset for this amount? 


  • A property is transferred from the parent to a sub who will sell it a third party, does it have to be transferred at market value. It was classified as PPE under S16.8, but does it is now classified as investment property and held at fair value? 


  • A company intends to apply for planning permission for the property development. Can the planning costs be capitalised as property, plant & equipment? 


  • Would leasehold improvements be viewed as a separate class of assets to property/ buildings? 


  • What are the disclosure requirements for a mortgage judgement under FRS 102 and FRS 105? 

CPD Course Speaker

OmniPro Strategic Solutions

Lindsay Webber

As a head of Strategic Solutions at OmniPro, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training and technical assistance in audit and financial reporting.

Lindsay is a member of the South African Institute of Chartered Accountants and Chartered Accountants Ireland. She trained with KPMG in Johannesburg and specialised in external audit of financial services companies. She then spent six years lecturing audit and financial reporting to under-grad and post-grad students at Rhodes University in South Africa before moving to Ireland and returning to practice in a small, and then a medium sized firm where she was an audit manager. She is passionate about combining her academic and practice backgrounds to provide technical information in a useful and practical way.

Outside of her accounting qualifications Lindsay holds a PGDiploma in Higher Education from Rhodes University, an MBA from Trinity College Dublin and a Diploma in Forensic Accounting from Chartered Accountants Ireland.

OmniPro

Elaine Jackson

Today we are joined by Elaine Jackson, Director of Audit and Compliance at Michael Power Accountants, specialising in Audit, Debt Review/Restructuring and Compliance. Michael Power Accountants provide Audit, Accountancy, Tax and Financial Advisory Services to businesses across Munster, operating from our offices in Tipperary Town and Clonmel. Many of you will already know Elaine. Elaine has previously worked with OmniPro as Head of the Accountants Resource Centre and was also a member of OmniPro’s Practice Support team