Course Overview

This online course provides in-depth coverage on one of the most complex sections of FRS 102, Section 11, basic financial instruments.

Why you should attend
This is a critically important section of FRS 102 for SME accountants, given that financial instruments, as defined under section 11, impact on the majority of financial statements.

How you will benefit
This course is relevant to any accountant working with SME companies, preparing accounts under FRS 102.

We will work, step by step, through practical examples of how to account for items under Section 11, FRS 102, and the debits and credits and journal entries required to adjust the nominal ledger for presentation in the financial statements.

Specific areas of focus will include

  • FRS 102, Section 11 – Overview of the basic financial instruments and classification considerations
  • The practical application of the amortised cost model for loans and transactions, not at arm’s length, under Section 11
  • Fair value of investments under FRS 102
  • Presentation and note disclosures in relation to basic financial instruments
  • FRS 102, Section 12 – the crossover and implications of basic financial instruments becoming complex financial instruments


CPD Course Facilitators:

John Murphy: Tax, Corporate Restructuring and Practice Support

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing technical knowledge on tax, financial reporting and auditing.

A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits. In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring.

John also plays a key role as a researcher and subject-matter expert in developing OmniPro information products such as the and As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes.


Des O’Neill – Co-Founder and Managing Director, OmniPro

Having worked for a number of years in practice, Des O’Neill co-founded OmniPro to develop tools, techniques, products and services, empowering accountants to achieve their best. Over 15 years, he has grown the company to a multi-million-euro turnover business and established OmniPro as Ireland’s largest independent provider of CPD for accountants.

Des speaks regularly, at national and international fora, on practice development, auditing, accounting, company law and regulation. He is passionate about bringing innovation to the profession and empowering accountants to achieve what they want in their careers and practice.