Top Ten Queries Relating to the Statement of Comprehensive Income
Category: Financial Reporting | Duration: 2hr | Tag: VODIREFRCO2202| Type: Video | Speaker: Lindsay Webber, Elaine Jackson | Date: 08/02/2022 12:00
Course Details
- Prior period adjustments
- Does reclassification of expenses result in a prior period adjustment?
- I’ve identified a PY adjustment in sales. How do I account for this and what do I need to disclose?
- What is the accounting treatment for the TWSS under FRS 102?
- Share-based payment
- Are share options accounted for on the P&L even though they haven’t been taxed/recognised with Revenue?
- A company has been accruing share based payments from an employee share option pool as it vests, but the company by a buyer. How do we account for this?
- Should dividends proposed at the year end be recognised in the P&L?
- Can a sole trader accrue a bonus to be paid in June 20X2 in the 31 Dec 20X1 financial statements?
- Can a pension payment made after year end be accrued?
- Does a company have to disclose director’s remuneration under Section 1 A?
- I have some expenses on internally generated intangible assets that I want to capitalise- can I capitalise these?
- What are the accounting requirements of writing off a loan from an individual in a companies accounts? (can also deal with loan from a related company)
- How do you account for insurance claim proceeds?
CPD Course Speaker
OmniPro
Lindsay Webber
As a member of our Practice Support team, Lindsay’s focus is on helping practices achieve on-going best practice compliance, providing in-house training, technical assistance, and file reviews.
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. Altogether, she has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting. 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 and graduated with distinction from the MBA course at Trinity College Dublin. She is currently working towards a Diploma in Forensic Accounting through Chartered Accountants Ireland.
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. Altogether, she has over six years external audit experience along with over six years academic experience specialising in Audit and Financial Accounting. 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 and graduated with distinction from the MBA course at Trinity College Dublin. She is currently working towards a Diploma in Forensic Accounting through Chartered Accountants Ireland.
OmniPro
Elaine Jackson
As a member of our Practice Support team, Elaine’s focus is on providing firm’s with assistance and training in the following areas; Anti-Money Laundering, Audit Testing and Walk Through Procedures, Audit Planning and Efficiency, OmniPro Audit Working Paper Demos, Preparing for Monitoring Visits and Post Monitoring Visit follow-ups.
Elaine has over 15 years Accountancy Practice experience which has provided her with a wealth of knowledge across all industries and sectors. Elaine is an AITI Chartered Tax Advisor, a Certified Public Accountant and holds a Diploma in Corporate Finance.
In her previous roles, Elaine has experienced a number of ACA and ACCA monitoring reviews. This experience has provided Elaine with a great understanding and appreciation for the challenges facing Accountants in practice today.
Elaine has over 15 years Accountancy Practice experience which has provided her with a wealth of knowledge across all industries and sectors. Elaine is an AITI Chartered Tax Advisor, a Certified Public Accountant and holds a Diploma in Corporate Finance.
In her previous roles, Elaine has experienced a number of ACA and ACCA monitoring reviews. This experience has provided Elaine with a great understanding and appreciation for the challenges facing Accountants in practice today.