Course Details

This conference will look at how accountants have been adapting to FRS 102, focusing on complex and problems areas, and the application of the two newer financial reporting standards for small and micro businesses.

The transition from old UK GAAP to FRS 102 was undoubtedly the most significant change to Ireland’s financial reporting standards.

It has demanded changes to the accounting treatment of many items in a company’s financial statements, including financial instruments, goodwill, deferred taxation, statement of cashflows, investment property, leases, employment benefits, foreign currency and specialised activities.

Following on the heels of FRS 102, we are now seeing the implementation of Section 1A of FRS 102 for small entities and FRS 105 for micro-companies.

This conference will look at how accountants have been adapting to FRS 102, focusing on complex and problems areas, and the application of the two newer financial reporting standards for small and micro businesses.

Areas covered will include:

  • The experience to date of Irish companies implementing FRS 102
  • FRS 102 problem areas, under the headings of basic and other financial instruments, liabilities and equity and income tax
  • FRS 105 for micro-companies
  • Section 1A of FRS 102 for small entities

Course Sessions:

  • Introduction – Opening Round Table – Des O’Neill, John Murphy & Christy Kearney
  • The Impact of Companies (Accounting) Act 2017 on Financial Reporting in 2018 – Des O’Neill – OmniPro
  • Lower Consolidation Thresholds under CAA 2017 – A Consolidation Case Study – John Murphy – OmniPro
  • Practical Implementation of S.1 A FRS 102 – A Financial Statements Review – Des O’Neill – OmniPro
  • The 5 Key Questions Being Asked in Relation to FRS 102 in 2018 – John Murphy – OmniPro
  • A Transition Case Study – Moving from FRS 102 to FRS 105 – John Murphy – OmniPro
  • A Look to the Future – More Changes to FRS 102 and FRS 105 in 2018 – John Murphy – OmniPro
  • Closing Round Table Q & A – Des O’Neill, John Murphy & Christy Kearney