This event is a recorded ACCA webinar available for on demand purchase. This is not a live event. CPD points are available and resources are available on the ON24 platform. You will have access to the recording and resources through the ON24 link once registered.
Overview:
In general FRS 102 has been fairly easy to adopt in practice, but there are a number of problem areas that have arisen, particularly on the transitional changes required in 2026 for leases and revenue.
This CPD session will be particularly relevant to accountants preparing and/or auditing financial statements prepared under FRS 102. It is equally applicable to members in practice and to those working in industry
Key Features of the Course:
This CPD session will cover the following topics:
- Revaluation reserves and taxation treatment
- Revaluation at deemed cost and taxation treatment
- Loans between a director and a company at nil interest
- Holiday pay accrual
- Deferred tax
- Investment properties
- Practical impact of entering leases on the balance sheet
- The importance of identifying performance obligations in accounting for revenue
- Overall considerations of transitioning to the revised (March 2024) FRS 102
Speaker:
Robert Kirk, Emeritus Professor of Financial Reporting, Ulster University
After graduating from Queens University, Belfast with a degree in Economics, Robert trained as an Irish Chartered Accountant with Price Waterhouse. Subsequently he was employed as the Financial Controller of ICB, a subsidiary of Shell (UK).
In 1981 he was appointed a Director of Business and Accounting Training (now Griffith College Dublin), where he embarked on his academic career, teaching mainly on the professional examination courses for ICAI, CPA, CIMA and ACCA in Belfast and Dublin.
In 1985 Robert joined Queens University as a full-time lecturer. He moved to the Ulster University in 1992 as a Senior Lecturer. Robert was appointed to the Chair in Financial Reporting at Ulster in 1994.
Robert specialises in the teaching of and research into the development of accounting standards in the UK and Ireland. 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.