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Financial Reporting

Practical Consolidations & Groups

Course Summary

1 hour webinar

€ 38

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Schedule

  • 20
    Apr
    12:30 - 13:30 Live Stream, Webinar

Course Details

1 hour – Financial Reporting
Speaker – Mike O’Halloran & Colm Owens

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.

The areas of focus will include

  • 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

Webinar Facilitator

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.


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.