with Fergus Condon, Grant Thornton

Fergus Condon is a Partner in the Financial Accounting and Advisory Services team at Grant Thornton in Ireland.  He has over a decade of experience in providing financial reporting and corporate governance advice to Audit Committees and Boards of public companies. Within the financial services sector, Fergus has led projects on accounting for derivative contracts in an Insurance company, loan provision methodologies and related disclosures and remediation of accounting processes and controls in a Treasury division of a Bank.  Fergus is a member of ACCA's Global Forum for Corporate Reporting and the ACCA Ireland Committee.  He represents the ACCA at CCAB – I.

The discussion will focus on the following key areas:

A review of the now completed package of financial instruments including

• Classification and Measurement of financial assets and liabilities
• Impairment of financial assets
• Overview of the new hedge accounting proposals

A review of the new revenue recognition model for IFRS including

• Its interaction with the financial instruments standards
• Recognition principles for financial services income other than interest income