PresenterRobert J Kirk
Due to the Covid 19 pandemic, financial reporting has become considerably more difficult and risky from both preparers and auditors viewpoints. Major issues have emerged on whether entities can survive and meet the going concern requirement as well as having to look into more depth on issues such as impairment, provisions etc. This online CPD course will look at the following key issues affected by the pandemic:
- Going concern – factors to consider;
- Classification of assets and liabilities – current or non current?
- Events after the reporting period;
- Inventories – obsolescence;
- Recovery of debtors/ financial assets fair values;
- Provisions – redundancies, onerous contracts;
- Employee contracts;
- Share based payment;
- Government grants and loans;
- Deferred tax;
- Key judgements;
- Revenue recognition;
- Discontinued operations;
- Disclosure financial instruments – increased risk;
- Interim reporting;
- Accounting for Brexit.
CDP Course Facilitator:
Robert Kirk BSc (Econ) FCA CPA trained in Belfast with Price Waterhouse & Co, and subsequently spent two years in industry in a subsidiary of Shell (UK) and four further years in practice. He is currently Professor of Financial Reporting in the School of Accounting at the University of Ulster and has been lecturing on the CIMA Mastercourses Accounting Standards and Accounting Standards in Depth since 1985. He has authored four editions of Accounting Standards in Depth; UK Accounting Standards: A Quick Reference Guide; and International Reporting Standards in Depth Volume 1 Theory and Practice and Volume 2 Solutions.