Accounting for Tax Series: 2 Irish GAAP Essentials


This course will provide an understanding of the accounting, reporting and disclosure requirements in relation to current and deferred tax in financial statements prepared in accordance with Section 29 Income Tax of FRS 102, the Financial Reporting Standard applicable in the Republic of Ireland and the UK.

Venue details:  
Chartered Accountants House, , Dublin
Start date & time:  
21 October 2020 09:30
End date & time:  
21 October 2020 13:30
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
CPD hours:  
Speaker details
First nameLast name
Sinead O'Brien


Product type:  
CPD course
Financial reporting, Tax

Who should attend

This course is suitable for finance directors, financial controllers and accountants wishing to ensure that the financial statements for which they are responsible have been prepared in accordance with the Irish Companies Acts accounting framework and FRS 102. In addition, this course is suitable for auditors with clients preparing financial statements in accordance with the Irish Companies Acts accounting framework based on FRS 102 and users of financial statements prepared under FRS 102.

Course overview

  • Companies Act 2014 and the tax related requirements
  • Tax charges in the financial statements
  • Scope of the FRS 102
  • Recognition and measurement of current tax, specifically the use of substantively enacted tax rates and the prohibition on discounting
  • Recognition and measurement of deferred tax specifically, timing differences, permanent differences, business combinations, revaluation of property, plant and equipment, investment properties, prohibition on discounting, assessing the recoverability of deferred taxation assets - tax credits and unused losses.
  • Presentation in the financial statements, including allocation, presentation and offsetting
  • Disclosure requirements in relation to companies act requirements and FRS requirements

Key learning outcomes

By the end of this course, participants will be able to:

  • Understand the interaction of company law, with particular focus on the requirements of the Companies Act 2014
  • Recognise how FRS 102 interacts with tax law
  • Better equipped to comprehend the rules in section 29 of FRS 102 in relation to recognition, measurement, presentation and disclosure of both current and deferred tax
  • Complete the tax reconciliation under FRS 102
  • Use knowledge gained to ensure compliance with the requirements of the Irish Companies Acts accounting framework based under FRS 102

Speaker bio

Sinead has over 10 years' experience in finance. After obtaining a MSc in accounting in DCU, she commenced her career in PwC, training as an auditor. Sinead then moved to Aer Lingus, working on internal audit and financial reporting, and then as direct tax manager for the group whilst completing the Chartered Tax Consultant qualification. Currently, Sinead is the Head of Finance for the Irish arm of the Norwegian Air group. Sinead facilitates and lectures on the diploma and CTC tax course.