Course Summary

Duration8 hours

PresenterMultiple

Course Details

Introduction – Opening Round Table

Duration1 hour

PresenterMultiple

  • Introduction & Opening Round Table Discussion at Financial Reporting Conference 2017
  • Panellists: Des O’Neill, David O’Connor, John, Murphy, Garret Wynne & Christy Kearney

Course Details

Transitioning to FRS 105 from FRSSE

Duration1 hour

PresenterJohn Murphy – OmniPro

  • Applicability of FRS 105
  • FRSSE Financial Statements Vs FRS 105 Financial Statements
  • Review of case study & some relevant adjustments
  • Topic – Reversal of revaluations
  • Topic – Deferred tax
  • Topic – Investment properties
  • Topic – Development costs
  • Topic – Holiday pay
  • Topic – Lease incentives

Course Details

Transitioning to S.1A from FRS 102

Duration1 hour

PresenterJohn Murphy – OmniPro

  • FRS 102 – S.1A applicability
  • Full FRS Financial Statements (based on old Act) Vs S.1A Financial Statements
  • Changes to the abridged financial statements

Course Details

The Tax Implications of FRS 102 and FRS 105

Duration1 hour

PresenterJohn Murphy – OmniPro

  • Corporation tax and FRS 102 – revenue guidance
  • Corporation tax – implications of differences for tax purposes year on year
  • Corporation tax – revenue guidance on adjustments on transition
  • Corporation tax under Section 29
  • Deferred tax under Section 29
  • Disclosure requirements

Course Details

FRS 102 Consolidations

Duration1 hour

PresenterJohn Murphy – OmniPro

  • Consolidation requirements under the 2017 Act
  • What entities are included in the consolidation
  • All subsidiaries are to be included in the financial statements unless long term restrictions placed on the entity which prevents the parent from controlling it e.g. company placed into administration or liquidation, severe restrictions on future distributions and veto powers by a 3rd party
  • The impact of the golden share
  • The procedures to be performed

Course Details

Financial Instruments under FRS 102

Duration1 hour

PresenterChristy Kearney

  • Note worthy for Basic Financial Instruments
  • Accounting Policy Choice
  • Scope of Section 11
  • Example of Items that are not Basic Financial Instruments
  • Initial Recognition of Financial Assets & Liabilities
  • Financing Transaction
  • Amorotized Cost
  • Estimated Future Cash Flows
  • Impairment of Instruments measured at Cost or Amortized Cost
  • Objective Evidence of Impairment
  • Measurement & Reversal of Impairment Loss
  • Fair Value – hierarchy
  • Derecognition of a Financial Asset
  • Disclosures
  • Other Financial Instruments Issues

Transitioning to S.1A from FRSSE

Duration1 hour

PresenterJohn Murphy & Des O’Neill

  • 102 – S.1A applicability
  • FRSSE Financial Statements Vs S.1A Financial Statements
  • Review of case study & some relevant adjustments
  • Topic – Non market rate loansFRS
  • Topic – Listed shares
  • Topic – Income tax – S.29 – Close Company surcharge
  • Topic – Investment properties
  • Topic – Revalued amount as deemed cost

Closing Round Table

Duration 1 hour

Presenter Multiple

  • Closing Round Table Discussion at Financial Reporting Conference 2017
  • Panellists: Des O’Neill, David O’Connor, John, Murphy, Garret Wynne & Christy Kearney