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Financial Reporting

Financial Reporting Essentials Bootcamp

Course Summary

6 hours webinar

€ 200

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Financial Reporting Essentials Bootcamp

Schedule

  • 20
    May
    11:00 - 12:00 Book the FULL 6-Part Financial Reporting Essentials Bootcamp, €200
  • 16
    Mar
    11:00 - 12:00 #1 A Recap on FRS 105 & Section 1A FRS102, €38
  • 20
    Apr
    11:00 - 12:00 #2 Practical Consolidations & Groups, €38
  • 20
    May
    11:00 - 12:00 #3 COVID-19 and Its Impact on Financial Statements, €38
  • 08
    Jun
    11:00 - 12:00 #4 Key Financial Reporting Topical Issues in 2021- Leases, €38
  • 20
    Jul
    11:00 - 12:00 #5 Charities & Financial Reporting, €38
  • 17
    Aug
    11:00 - 12:00 #6 Top FRS 102 Queries / Issues, €38

The preview above is from Part 1 – A Recap on FRS 105 & Section 1A FRS102.

Financial Reporting Essentials Bootcamp

The Financial Reporting Essentials Bootcamp for 2021 is made up of 6 individual events throughout the year. Book all 6 in advance to get a discounted rate. If purchasing after the start date, any missed sessions will be available as online CPD.

Speakers: Mike O’Halloran & Colm Owens


Part 1 – A Recap on FRS 105 & Section 1A FRS102 – Finished

Date: Tuesday, 16 March
Time: 11:00 – 12:00


Part 2 – Practical Consolidations & Groups – Finished

Date: Tuesday, 20 April
Time: 11:00 – 12:00

Using a practical case study, this webinar will bring participants through the consolidation process for small groups under FRS 102.

Under the Companies Accounting Act 2017, the threshold for small group consolidation was significantly lowered, resulting in many more Irish companies now requiring consolidation than previously under the Companies Act 2014.

The case study will take you, step-by-step, through the process you need to follow to consolidate small groups. The handouts will also include a simple consolidation checklist that you can benefit from straight away.

This session will cover:

  • An overview of S9 consolidations and the new consolidation requirements under CAA 2017
  • Consolidation basics and collating the information
  • The core consolidation adjustments for Irish companies
  • Consolidation journals and adjustments
  • The financial statements and disclosures relating to consolidation
  • The audit file for consolidations

Part 3 – COVID-19 and Its Impact on Financial Statements

Date: Tuesday, 20 May
Time: 11:00 – 12:00

For the past 15 months, businesses have had to deal with an unprecedented set of circumstances and situations.

Whilst Irish businesses have reacted to the Pandemic with resilience, accountants must now consider how the effects of this must be reported on.

This session will revisit some of the key areas impacted by COVID but will have a particular focus on real life financial statement examples to show how businesses exposed by the pandemic have reported on this.

This session will cover:

  • Directors report disclosures
  • Going concern
  • Government grant accounting
  • Exceptional items
  • Judgements & estimation uncertainty
  • Post balance sheet events

Part 4 – Key Financial Reporting Topical Issues in 2021- Leases, Government Grants

Date: Tuesday, 08 June
Time: 11:00 – 12:00

This session will focus on some key financial reporting issues in 2021.

The content for this session will be driven by recent legislation changes, topical financial reporting issues and common errors identified by OmniPro during file reviews/monitoring visits.

This session will cover:

  • Onerous leases
  • IFRS 16
  • Internally generated intangible assets
  • Changes to Limited Partnership regime
  • Common errors in 2020/2021

Part 5 – Charities & Financial Reporting

Date: Tuesday, 20 July
Time: 11:00 – 12:00

Charity assignments are susceptible to a higher than normal risk level due to several factors. One such factor is the requirement to ensure that their accounts are prepared in accordance with an applicable financial reporting framework. While the Charities SORP is not yet mandatorily applicable, many charities are voluntarily applying this which presents additional disclosure requirements. This session will focus on the key considerations for financial reporting in Irish Charities, including;

  1. Selection of an appropriate financial reporting framework
  2. The differences between SORP and FRS 102
  3. Key accounting issues for Charities, including issues with SORP application
  4. Review of Charities financial statements

Part 6 – Top FRS 102 Queries / Issues

Date: Tuesday, 17 August
Time: 11:00 – 12:00


CPD Course Speaker:

Mike O’Halloran: Practice Support Executive, OmniPro

Mike, a member of our Practice Support team, is a qualified Chartered Accountant and Chartered Tax Advisor. He is responsible for carrying out hot file reviews, cold file reviews, annual compliance reviews, in-house training & supporting firms on a day to day basis.

Formerly a quality reviewer with Chartered Accountants Ireland, this role saw him visiting firms of various sizes across Ireland conducting audit, non-audit and anti-money laundering visits. Prior to this he spent 12 years working in small and medium sized practices. In these roles, Mike has gained a comprehensive knowledge of the profession and has worked with a broad range of clients across many industries.


CPD Course Facilitators:

Colm Owens: Practice Support Executive, OmniPro

As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.

Colm brings a unique insight into the whole area of monitoring and compliance having spent the last 6 years as a quality reviewer with Chartered Accountants Ireland.  In that role he has visited firms of differing sizes all over the country which has given him an insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession.  He has gained up-to-date knowledge of audit, accounting, money laundering and regulatory compliance issues relevant to the profession and knowledge of current audit methodologies.

Prior to his time with Chartered Accountants Ireland, Colm’s roles included Audit Manager with Anne Brady McQuillans and Brophy Gillespie, both in Dublin, where he worked with a range of clients from small owner-managed businesses through to larger audit clients.