With Robert Kirk

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.

KEY TOPICS:

Leasing
• Background to the standard
• Problems with existing IAS 17 Leases
• Definition of a lease
• Understanding difference between a lease and service contract
• Exemptions
• Practical examples

Revenue recognition in contracts with customers
• Background to the standard
• Definitions
• Understanding the 5 step approach to revenue recognition
• Understanding when revenue is recognised at a point in time or over time
• Practical examples