Date: November 19th

Venue:  Bunratty Castle Hotel, County Clare

Cost pp:  €395

Time:  9.00am – 4.30pm


Programme Overview

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.

Programme Objectives

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

Programme Content

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


10.15                  Break


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


11.30                  Break

11.45 –Revenue Recognition

Tangible Asset

Property, plant and equipment


Interest capitalization

13.00                  Lunch

14.00 – Lease accounting

New rules in FRS 102/105

IFRS/US comparison

Intangible Assets

R & D

Other intangibles

Financial Instrument

Presentation issues

Measurement issues

Hedge accounting

15.00                  Break


15.15  – Liabilities



Share-based payments


Group Accounting


Currency translation

Summary comparisons of Irish GAAP and IFRS

16.30   Close

Target Audience

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.