Course Details

This short webinar will cover the main changes that have been introduced by the Financial Reporting Council (FRC) to update the existing FRS 102 and 105. As most accountants in the UK are involved in either preparing or advising clients on how to comply with these standards it is important that they have an early warning to the significant changes being implemented, particularly on accounting for leases and reporting revenue in the financial statements.

 

Robert Kirk will cover the following topics during this session:

  • Brief introduction to the publication of the amendments to FRS 100-105
  • Summary of key changes to lessee accounting
  • Summary of the key changes to reporting revenue
  • Quick review of the changes to the definition of an asset, liability and the different recognition and derecognition of both
  • Brief discussion of changes to FRS 102 Section 1A and FRS 105

 

By attending this session you will be able to prepare and advise clients on the likely implications of the changes being made to FRS 102 and 105.

 

The session be of most interest to accountants involved in the preparation of SME financial statements but also to practicing accountants who provide financial advice and auditors.

 

Those attending should have a knowledge of the existing FRS 102 and 105 in order to best appreciate the amendments being implemented.

CPD Course Speaker

Robert Kirk

Robert qualified in first place in 1975 as an Irish Chartered Accountant after graduating in Economics from Queens University. He trained in practice with Price Waterhouse and later worked in industry with a subsidiary of Shell (UK). His teaching career started with Business and Accounting Training (now Griffith College) in Dublin where he taught mainly on the professional examination courses for ICAI, CPA, CIMA and ACCA in Belfast and Dublin. In 1984 he was appointed a full time lecturer in Queens University and later moved to Ulster University in 1992 as a Senior Lecturer. In 1994 he was appointed to the Chair in Financial Reporting at Ulster.
Robert specialises in the teaching of and research into the development of accounting standards in the United Kingdom. He has published 18 books and numerous articles in both academic and professional journals. His latest publication (co authored with Stephen McNamee) is the second edition of ‘A practical guide to UK and Irish Gaap’ (May 2020) (552pp) published by Chartered Accountants Ireland.
He has lectured extensively within Ireland and Great Britain on the subject of accounting standards to such diverse organisations as British Gas Plc, The Post Office, British Aerospace Plc, East Midlands Electricity, The Prison Service, the Department of Enterprise and Employment, Sheffield Teaching Hospital, NATO, Royal Bank of Scotland, Bank of Ireland, John Laing Plc, Barclays Bank, Deloitte & Touche (Dublin) and Reed International Plc and has become one of the main CPD speakers in that field over the last fifteen years for The Institute of Chartered Accountants in Ireland (ICAI), The Chartered Institute of Management Accountants (CIMA) and the Institute of Certified Public Accountants in Ireland (CPA). He also lectured on several occasions for The Chartered Institute of Public and Finance Accountants (CIPFA) and The Chartered Association of Certified Accountants (ACCA).
In the last few years he has lectured on international financial reporting standards to major companies in Cyprus, United States, Bahrain, South Africa, Zambia and Ghana.