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8 Hour Technical

The Technical Mix 2020

147Course Details

Session 1: Key FRS 102 Issues For 2020

This session will cover the following topics:

  • Current Accounting Issues & frequently asked Q’s
  • Financial Reporting in 2020
  • Section 11/22 – Debt versus equity
  • Section 9 – Consolidations
  • Section 22 – Accounting for share for undertaking transactions
  • Section 10 – Prior period adjustment
  • Charities SORP – Capital Grants
  • Section 5 – Exceptional item – write off of loans
  •  Section 29 – Deferred tax
  • Sundry items

Facilitator: John Murphy, OmniPro

Session 2: Practical Application Of The Ethical Standards

Where does it come from and why is it so difficult to apply?

The Code was first published on 2005 and judging from the recent survey conducted by CAI and CPA and reported on in the Ethics Research Report, it still requires more attention to achieve compliance so that trust in the accounting profession is improved and that professional accountant achieve a wider acceptance of their obligation to act in the public’s interest. The important of ethics to the profession is recognised but is ‘generally seen as airy-fairy desire of professional bodies and often ignored/bent in commercial reality.”

  • The code in context of development in the profession
  • What are moral values and the ‘value’ of values as used in the Code
  • How the Code of Ethics fits into a professional services firm
  • What are the benefits for a professional accountant and professional services firms in complying with the requirements?
  • Some of the relevant provision of the Code
  • What is the right thing to do?

This is a basis for a wide raging discussion on professional ethics as these affect the individual professional account. This is supported by several practical examples of the application of t160147he code.

Facilitator: Uli Schackermann

Session 3: Buying & Selling A Business

This session will cover the following topics:

  • Steps buying/selling business & the role of the accountant in process
  • Tax consideration – Buying assets Vs Shares
  • Due diligence – tax due diligence reports
  • Tax warranties/indemnities – points to consider
  • Sources of funding & Reliefs available

Facilitator: John Murphy, OmniPro

Session 4: FRS 102 Triennial Review & Company Law Reminders

This session will cover the following topics:

  • A look to the future – FRS 102 & FRS 105
  • Overview of when changes apply from & options – FRS 102
  • Main changes made to FRS 102
  • Overview of when changes apply from & options – FRS 105
  • Main changes made to FRS 105
  • Possible adjustments if transitioning from FRS 105 to FRS 102

Facilitator: John Murphy, OmniPro

CPD Course Facilitator

John Murphy: Tax, Corporate Restructuring and Practice Support, OmniPro

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 and As a speaker at OmniPro CPD events, he brings these industry-leading insights to accountants participating in our training programmes.

Uli Schäckermann

Uli Schäckermann supports accounting firms in the effort to chive reasonable compliance with the Code of Ethics with the aim of enhancing audit quality and risk reduction in an environment where the public demands compliance with regulatory requirements. Besides avoiding severe regulatory penalties such actions build the trust so necessary for long term professional success.

Charity organisations often require support to achieve compliance with regulations and to generate the trust that is needed to raise funds from the public which support their charitable activities. Uli’s experience in this sector covers social institutions that care for the aged or educational institutions that care for the young to achieve their educational potential or commercial institutions like chambers of commerce.

In all these activities Uli can employ the experience of over thirty years in auditing at family-owned business and listed entities.