Impact of C-19 on Financial Statements Part 1 – FRS 102 Implications
Course Details
The world has fundamentally changed over the past few months and the impact of this has been far reaching. Financial reporting has been no different. We have dissected FRS 102 to determine the specific areas impacted by COVID-19
This online CPD course will cover the following areas of FRS 102, including practical examples showing how COVID-19 has an impact:
- Section 3- Financial Statement presentation
- Section 4- Statement of financial position
- Section 5- Statement of Comprehensive Income and Income Statement
- Section 6 Statement of Changes in Equity and Statement of Income and Retained Earnings
- Section 8 Notes to the Financial Statements
- Section 10 Accounting Policies, Estimates and Errors
- Section 21 Provisions and Contingencies
- Section 22 Liabilities and Equity
- Section 23 Revenue
- Section 24 Government Grants
- Section 28 Employee Benefits
- Section 29 Income Tax
Online CPD Course Facilitators:
Des O’Neill – Co-Founder and Managing Director, OmniPro
Having worked for a number of years in practice, Des O’Neill co-founded OmniPro to develop tools, techniques, products and services, empowering accountants to acHaving worked for a number of years in practice, Des O’Neill co-founded OmniPro to develop tools, techniques, products and services, empowering accountants to achieve their best. Over 15 years, he has grown the company to a multi-million-euro turnover business and established OmniPro as Ireland’s largest independent provider of CPD for accountants.
Des speaks regularly, at national and international fora, on practice development, auditing, accounting, company law and regulation. He is passionate about bringing innovation to the profession and empowering accountants to achieve what they want in their careers and practice.
Colm Owens: Practice Support Executive, OmniPro
As a members 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.
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.