Course Details

This short webinar will cover the difficult issue of how to account for share based payment under FRS 102. In particular it will concentrate on the more popular equity settled transactions and go into detail on the required disclosures. Cash settled tranactions will be only briefly reviewed.

 

Robert Kirk will cover the following topics during this webinar:

  • Introduction to three types of share based payment
  • The general recognition rules under FRS 102 
  • The problem of vesting conditions
  • How to measure the charge for equity settled transactions
  • Example of an equity settled transaction
  • How to account for cash settled and hybrid transactions
  • Group and government mandated plans
  • Disclosures required under FRS 102
  • Changes introduced by triennial reviews 2017 and 2024
  • Irish example – Musgraves and model example

 

By attending this session you will be able to prepare and advise clients on how to account for share based payment transactions.

 

The session be of most interest to accountants involved in the preparation of FRS 102 financial statements but also to practicing accountants who provide financial advice and auditors.

 

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.