Course Details

This short webinar will examine the existing differences between reporting full IFRS and FRS 102. In particular it will concentrate on the transitional issues emerging from incorporating both IFRS 15 and 16 into FRS 102 for implementation in December 2026.


Robert Kirk will cover the following topics during this webinar:

  • Introduction to the scope of both IFRS and FRS 102
  • Understanding the difference in approach between Section 2 of FRS 102 and the IFRS Conceptual Framework 
  • Examining the different approach taken to accounting for goodwill under both regimes
  • Have an awareness of how development costs are treated under both IFRS and FRS 102
  • Examining the major difference in approach to accounting for financial instruments
  • The major approach to disclosure that differs between the two frameworks 
  • Disclosures required under FRS 102
  • The transition required in implementing new leasing rules into FRS 102
  • The transition required in implementing new 5 step model into revenue accounting under FRS 102


By attending this session you will be able to better understand the key differences between the two frameworks and help to make the decision which of the two is the better approach for clients or for the company for whom you are preparing the financial statements.


Those attending should have a broad knowledge of FRS 102 and IFRS 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.