Date: November 19th
Venue: Bunratty Castle Hotel, County Clare
Cost pp: €395
Time: 9.00am – 4.30pm
This course explains the requirements of the new standards which make up Irish GAAP from 2015. Issues that are especially relevant for aviation finance will be looked at in detail.
The objectives are:
- To explain all the major features of FRSs 101, 102 and 105, as applied in the aviation finance industry
- To set the new standards into the context of company law
- To apply the new rules to practical examples
- To examine the important differences between old Irish GAAP, new Irish GAAP and IFRS
9.00 - An outline of the purposes and content of the new standards
The Legal Context of the new standards
The choices available to Irish companies
Reductions in disclosure under FRS 101
10.30 -The Presentation requirements under FRS 101 and 105 -- - The balance sheet
The income statement
Other comprehensive income
Statement of changes in equity
The cash flow statement
11.45 -Revenue Recognition
Property, plant and equipment
14.00 - Lease accounting
New rules in FRS 102/105
R & D
15.15 - Liabilities
Summary comparisons of Irish GAAP and IFRS
Accountants working in aviation finance companies, and auditors of such companies.
Trainer Profile Qualification & Relevant Experience
Dr. Chris Nobes is Professor of Accounting at the University of London and at the University of Sydney, and an adjunct professor of the Norwegian Business School. He has held temporary posts in San Diego and New York. He has been a visiting professor at universities in Venice, Amsterdam and Barcelona.
Prof. Nobes is author or co-author of fourteen books, including The Economics of Taxation (latest edition, 2015), An International Introduction to Financial Accounting (2013), Comparative International Accounting (2012). He was named the ‘Outstanding International Educator’ of the American Accounting Association in 2002.
Prof. Nobes was a member of the Accounting Standards Committee of the UK and Ireland from 1987 to 1990, and one of the two UK representatives on the Board of the International Accounting Standards Committee from 1993 to 2001. He is now a member of the ICAEW Financial Reporting Committee and of the Academic Panel of the UK’s Accounting Standards Council.
The Aviation Finance Finuas Network is funded by member companies and the Finuas Networks Programme, an initiative of Skillnets funded from the National Training Fund through the Department of Education and Skills.
Click here for Finuas Network website www.finuas.ie