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8 Hour Technical

The Technical Mix

Course Summary

8 hours live

€ 250


Related Courses

Schedule

  • 06
    Dec
    09:15 - 17:30 Radisson Blu Hotel, Limerick
  • 13
    Dec
    09:15 - 17:30 Citywest Hotel, Dublin

CPD Course Overview

8 hours Multiple

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Session 1: Charities in Ireland 2018 – Accounting, Auditing & Reporting

This session will look at the risks involved in Charity Audits, documenting and applying systems and internal controls. It will also cover the Audit of Income and Expenditure and a quick run through restricted funds versus unrestricted funds and the application of SORP.

  • Charities audit / audit exempt requirements
  • The Charity regulator & Government agency requirements
  • Application of SORP
  • Audit Execution
  • Internal Controls and Procedures
  • Completeness of Income
  • Verification of Expenses
  • Determining restricted funds versus unrestricted funds
  • Audit Risks – Specific Considerations for Charities

CPD Course Facilitator: Des O’Neill – OmniPro


Session 2: Consolidations under FRS 102

This session will look at Consolidations under FRS 102 and in particular:

  • When is it required – Review of the definition of control
  • What are the changes as a result of the Companies (Accounting) Act 2017
  • What’s the best approach when preparing a consolidation
  • Provision of a detailed consolidation checklist to cover off audit and accounts files
  • Identification of the changes to consolidated financial statements as a result of CAA 2017 (a review of a real life example)
  • Section 9 – Review of consolidation procedures including accounting for investments where a golden share is held and accounting for non-controlling interest
  • Section 19 – Accounting for business combinations
  • Calculation of goodwill and determining fair value
  • Is merger accounting an option?
  • Section 14 & 15 – Accounting for associates and joint ventures under the equity method

CPD Course Facilitator: John Murphy – OmniPro


Session 3: Top FRS 102 Accounting Issues & What’s New for 2019

This session will cover the Top FRS 102 Issues and what is coming in 2019:

  • Section 9 – Accounting for share for share transactions and share for undertaking transactions & the interaction with the reliefs in Company law.
  • Section 10 – Exceptional items – how to disclose?
  • Section 10 – The unwanted prior period adjustment – How to disclose and when to make
  • Section 11 Loans and transactions at non-market rates – the rules
  • Section 11 Loans and transactions at non-market rates – what happens when there is a change in cash flows/modifications?
  • Section 11 – a recap on the get outs from discounting
  • Section 11 When to de-recognise a liability – when to account for a loan write off
  • Section 12 – A recap on complex financial instruments – how to identify? Where errors are made?
  • Section 16 – Investment property – A recap and common errors noted
  • Section 17 – The errors noted where previous valuation of fair value as deemed cost
  • Section 17 – A recap on the revaluation policy if applied
  • Section 22 – Classification of shares/loan notes – debt versus equity –
  • Section 23 – A refresher on accounting for construction contracts – Given the increase in construction activity
  • Section 23 = Principal versus agent – A refresher
  • FRS 102 SORP – Accounting for grants
  • Section 27 – Impairment reviews – back to basics – What is or is not included
  • Section 29 – The close company surcharge – Errors still being noted
  • Section 29 – a recap on deferred tax
  • Section 33 – Related party disclosures – a recap

CPD Course Facilitator: John Murphy – OmniPro


Session 4: Property Management Companies – Auditing & Accounting Issues

This session will give overview of the key requirements of the MUDS Act 2011 and its application to Property Management Companies, the impact on the auditor and the role of the accountant where the company claims audit exemption

  • MUD Act 2011 Requirements
  • Company Law Issues for Property Management Companies
  • Auditing Property Management Companies
  • Financial Statement Issues for Property Management Companies
  • Audit Exemption for Property Management Companies

CPD Course Facilitator: Des O’Neill – OmniPro


CPD 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 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.


John Murphy: Tax, Corporate Restructuring and Practice Support

As a lead member of our technical support team, John relishes problem-solving to help accountants develop innovative client solutions and sharing technical knowledge on tax, financial reporting and auditing.

A Chartered Tax Adviser, he advises clients in practice on a range of issues from income tax, tax planning, restructuring and exit planning to Revenue audits. In addition, he provides support on financial reporting, auditing and company law; conducts company valuations and advises on pre-sale restructuring.

John also plays a key role as a researcher and subject-matter expert in developing OmniPro information products such as the CompaniesAct2014.com and FRS102.com. As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes.