This half day webinar (based on FRS 102) will cover how to account for different aspects of property including what should initially be capitalised, how it should be depreciated, whether to choose revaluation as an option, how to carry out an impairment review.
The related topics of how to account for investment properties, how to capitalise borrowing costs and how to account for capital based grants
At the end of the webinar the increasingly important subject of how to account for intangible assets will also be covered
Property, plant and equipment
Initial cost, revaluation or cost, depreciation
Revaluation, transfers with inventories and PPE
Covers the approach to individual assets as well to how to calculate an impairment in a CGU
What to capitalise
Examining bot the accruals and performance models
When capitalisation is permitted, amortisation
Professor Robert Kirk
Emeritus Professor of Financial Reporting
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. He was made Emeritus Professor in September 2019.
Robert specialises in the teaching of and research into the development of accounting standards in the <st1:country-region w:st="on" style="box-sizing: border-box;">United Kingdom</st1:country-region>. He has published 18 books and numerous articles in both academic and professional journals. His latest publication co authored with Stephen McNamee (May 2020) is the second edition of ‘A practical guide to UK and Irish Gaap’ (552pp) published by the Institute of Chartered Accountants in Ireland.
He has lectured extensively within Ireland and Great Britain on the subject of accounting standards to such diverse organisations as British Gas Plc, GEC, Pilkington Glass, 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 twenty 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.
His social interests include playing veteran league tennis for the Belfast Boat Club, occasional golf, cycling and collecting old football and rugby programmes. He has also been very keen on quizzes and authored the Ulster Trivia Quiz Book published by Appletree Press in 1990.