Course Overview

In this course, we look at FRS105, the micro-entities regime, and the reduce disclosures required in the financial statements and abridged financial statements under Companies Accounting Act 2017.

Why you should attend

FRS105 became available to Irish companies on commencement of the Companies Accounting Act 20017 on 9 June 2017. However, for many accountants, 2018 will be their first year of applying FRS105 in practice. In this seminar, we look at reduced disclosures allowed for micro-entities availing of the FRS 105 standard and its practical implementation in both statutory financial statements and abridged accounts.

How you will benefit

This course will benefit all Irish accountants by providing clarity on what they need to do and how to do it. As part of the webinar, you will be provided with a downloadable FR105 comprehensive quick guide as well as template statutory financial statements and template abridged accounts.

Specific areas of focus will include

  • The requirements and implications of FRS105 and the Companies Accounting Act 2017
  • The primary financial statements under the micro-entities regime
  • Notes and disclosures required in financial statements under FRS105
  • Abridged accounts under CAA2017 and the micro-entity reporting regime
  • Dealing with third parties and the minimum disclosure requirements

CPD Facilitators

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.

John Murphy: Tax, Corporate Restructuring and Practice Support, OmniPro

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

He provides support, training and advice to OmniPro clients on financial reporting, auditing and company law matter and conducts company valuations.  In addition, as a Chartered Tax Adviser, he advises on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits.

A Chartered Accountant and Qualified Financial Adviser, John has over a decade’s Big 4 experience with EY and PwC, providing tax and audit services for a portfolio of clients, ranging in scale from SMEs to multinationals.