Course Details

This short webinar will cover the main issues that need to be considered when preparing group financial statements under FRS 102. In particular it will concentrate on the two main sections dealing with the topic in FRS 102 – Section 9 Consolidated and separate financial statements and Section 19 Business combinations. The session will be particularly important for those accountants in the UK that are involved in either the preparation of group accounts or in advising clients on how to comply with the specific sections in FRS 102 on group reporting. The latest changes to Business combinations due to be applied from 1st January 2026 will also be covered.

 

In this session Professor Robert Kirk will cover the following topics:

  • The definition of a parent including SPEs
  • The requirement to present consolidated financial statements 
  • What are Special Purpose Entities (SPEs)
  • The procedures in consolidating group entities
  • Acquisition and disposal of subsidiaries
  • Accounting for non-controlling interests
  • Disclosures
  • Definition of a business combination
  • Application of the purchase (acquisition) method of accounting
  • Contingent liabilities, goodwill and negative goodwill
  • Disclosure – business combinations
  • Amendments from March 2024 applicable from January 2026

 

By attending this session, you will be able to prepare and advise clients on how to prepare consolidated financial statements.

 

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

 

Course level: Those attending should have a broad knowledge of FRS 102 to best appreciate the content of the course. 

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.