with Robert Kirk
The current Covid 19 pandemic has had a serious impact on both the economy and on individual companies. As a result, the financial statements must reflect this situation by applying both IFRS and FRS 102 very carefully.
This session covers the most important issues to consider:
• The going concern concept
• The presentation of financial statements
• Events after the reporting period
• Impairment of assets
• Bad debts and fair values
• Employee contracts and share-based payment arrangements
• Government assistance
• Deferred tax
• Disclosure of key judgments
• Revenue recognition
• Discontinued operations
After graduating with a second class first division honours degree in Economics from Queens University, Belfast in 1972 Robert trained as an Irish Chartered Accountant with Price Waterhouse, qualifying in first place in his final examinations in 1975.
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 1985 he joined Queens University as a full-time lecturer and moved to the University of Ulster in 1992 as a Senior Lecturer. In 1994 he was appointed to the Chair in Financial Reporting at Ulster.