The Financial Reporting Update 2026
Registering for The Financial Reporting Update at CPD Fest 2026 couldn’t be more straightforward. We have three packages for you to choose from – 8 hours, 16 hours and 24 hours of CPD – allowing you to customise the event to your own specific needs. Once purchased, pick ‘n’ mix the topics of most interest and relevance to you from any of the sessions running across the week of CPD Fest 2026.
CPD Fest Packages:
The 12 Gifts Of CPD Fest
Over the coming weeks we are going to give you advance access to hugely valuable extracts from the note packs The CPD Fest & The Essential Advisors’ Mix.
With The 12 Gifts of CPD Fest you will get guides, financial statements, checklists, tools, tax papers, letters of engagement and reports all the way up to and including the kitchen sink!
Registration for The 12 Gifts Of CPD Fest is free, quick and straight forward and you can do so here:
Event Details:
Session 1: FRS 102 - the Key Amendments to Lessee Accounting Under March 2024 Amendments
Time: 09:00 – 10:40
Speaker: Professor Robert J Kirk – Consultant
Major revisions to leasing have been incorporated into FRS 102. These are taking effect from the 1st January 2026. This will impact the preparation of financial statements for all non-listed companies in Ireland. Some of the changes are fundamental and this could impact the ability of companies to meet bank covenants.
The key topics that will be covered in the session include the following:
- The incorporation of the recognition and measurement rules of IFRS 16 Leases into FRS 102
- The abolition of operating leases for lessees
- Understanding the distinction between a lease agreement and a service contract
- How to deal with a change in economic incentives on asset and liability recognition
- How to account for reassessments and modifications of existing leases
- Transitional arrangements with an example
By attending this session it should enable delegates to begin to implement the new rules into their financial statements and be aware of any transitional arrangements that are available in the first year of implementing the changes.
The session will be of most interest to preparers of financial statements under FRS 102 as well as their auditors.
Course Level: Intermediate
The entry level subject would be at an intermediate level as delegates should have a reasonable understanding of the existing requirements in FRS 102. It also represents knowledge that all financial accountants need to know.
Session 2: IFRS - The Latest Developments in IFRS Standards 2025 including IFRS 18, 19 and 20
Time: 11:00 – 12:40
Financial accountants need to constantly be aware of the most recent developments in financial reporting so that they can advise their clients on the likely impact of any likely changes on their financial statements. This session will cover the most recent and future major changes to IFRS.
The major changes likely to impact the current and future preparation of financial reporting under IFRS will include:
- IFRS 18 Presentation and Disclosure in Financial Statements (April 2024)
- IFRS 19 Subsidiaries without Public Accountability: Disclosure (May 2024)
- IFRS 20 Regulatory assets and regulatory liabilities (May 2026)
- PS Management Commentary (June 2025)
- Exposure Draft: Provisions – Targeted improvements to IAS 37 (Nov 2024)
- Exposure Draft: Business Combinations – Disclosures, Goodwill and Impairment (March 2024)
In addition, a brief coverage of IAASA’s financial reporting decisions (2025-26) and its key observations for December 2026 reporting will be covered in the session.
By attending this session it should enable delegates to be ahead of the pack in understanding the likely impact the changes will have in preparing their financial statements under the proposed new rules.
The session will be of most interest to preparers of financial statements under IFRS as well as their auditors.
Course Level: Intermediate
The entry level subject would be at an intermediate level as delegates will be assumed to have a reasonable knowledge of the content of existing IFRS. It also represents knowledge that all financial accountants need to know.
Session 3: FRS 102 - Other Changes
Time: 13:40 – 15:20
Speaker: Professor Robert J Kirk – Consultant
This session will cover most of the remaining major amendments to FRS 102 and 105. This will impact the preparation of financial statements for all non-listed companies in Ireland. Some of the changes are material particularly the changes to revenue recognition, business combinations, uncertain tax treatment and supplier finance arrangements and how they will be recognised and disclosed in the financial statements.
Robert Kirk will cover the following topics during this webinar:
- Introduction of a five step model for revenue recognition
- Introduction of a revised Section 2 on Basic concepts and principles
- Minor changes to financial instruments
- Tying in IFRS 3 Business Combinations into FRS 102
- Incorporating IFRIC 23 into income tax section
- Changes to going concern disclosure
- Changes to cash flow statement due to leasing changes
- Disclosure for supplier finance arrangements
- Changing significant to material policies
- Introducing a new definition of accounting estimates
- Clarification of when an associate is created
- Additional guidance on distinction between tangible and intangible assets
- Explain conflict between revised section 2 and provisions/intangible assets
- Accounting for R&D expenditure credits – tax or grant?
- Minor changes to specialised activities
- Amendments to FRS 102 – adapted formats (Feb 2026)
By attending this session it will be easier for delegates to understand how this important new topic can be implemented in practice.
The session will be of most interest to preparers of financial statements under FRS 102 as the amendments will undoubtedly have a significant impact on an entity’s financial statements.
Course Level: Intermediate
The entry level subject would be at an intermediate level as delegates should have a reasonable understanding of the existing requirements in FRS 102 and 105. It also represents knowledge that all financial accountants need to know.
Session 4: FRS 105, FRS 101, FRS 102 Section 1A amendments and SORPs March 2024
Time: 15:40 – 17:20
The amendments to FRS 102 have an impact on the other standards developed for small and micro entities as well as the reduced disclosure for subsidiaries of listed companies. The main impacts are discussed in this session.
This will include:
- Changes to FRS 102 Section 1 exemptions
- Changes to FRS 105
- Changes to UK reporting for small entities under FRS 102 Section 1A
- Changes to FRS 101
- Charities SORP 2026
- Other SORPs
By attending this session delegates will better understand the overall impact of the March 2024 amendments, particularly in relation to the preparation of financial statements for small and micro entities.
The session will be of most interest to preparers of financial statements of SMEs.
Course Level: Foundation
The entry level subject would be at a foundation level but delegates will be assumed to have reasonable knowledge of the existing financial reporting standards
CPD Course Speaker
Professor Robert J Kirk - Consultant
Robert qualified in first place in 1975 as an Irish Chartered Accountant after graduating in Economics from Queens University. He trained in practice with Price Waterhouse and later worked in industry with a subsidiary of Shell (UK). His teaching career started with Business and Accounting Training (now Griffith College) in Dublin where he taught mainly on the professional examination courses for ICAI, CPA, CIMA and ACCA in Belfast and Dublin. In 1984 he was appointed a full time lecturer in Queens University and later moved to Ulster University in 1992 as a Senior Lecturer. In 1994 he was appointed to the Chair in Financial Reporting at Ulster.
Robert specialises in the teaching of and research into the development of accounting standards in the United Kingdom. He has published 18 books and numerous articles in both academic and professional journals. His latest publication (co authored with Stephen McNamee) is the second edition of ‘A practical guide to UK and Irish Gaap’ (May 2020) (552pp) published by Chartered Accountants Ireland.
He has lectured extensively within Ireland and Great Britain on the subject of accounting standards to such diverse organisations as British Gas Plc, The Post Office, British Aerospace Plc, East Midlands Electricity, The Prison Service, the Department of Enterprise and Employment, Sheffield Teaching Hospital, NATO, Royal Bank of Scotland, Bank of Ireland, John Laing Plc, Barclays Bank, Deloitte & Touche (Dublin) and Reed International Plc and has become one of the main CPD speakers in that field over the last fifteen years for The Institute of Chartered Accountants in Ireland (ICAI), The Chartered Institute of Management Accountants (CIMA) and the Institute of Certified Public Accountants in Ireland (CPA). He also lectured on several occasions for The Chartered Institute of Public and Finance Accountants (CIPFA) and The Chartered Association of Certified Accountants (ACCA).
In the last few years he has lectured on international financial reporting standards to major companies in Cyprus, United States, Bahrain, South Africa, Zambia and Ghana.
The Financial Reporting Update 2026 is brought to you in association with:
