The document summarizes key Irish/UK accounting standards relating to tangible and intangible assets, impairment, investment properties, and leases. FRS 15 covers accounting for tangible fixed assets, including initial measurement, valuation, depreciation, and website development costs. FRS 10 and FRS 11 address accounting for goodwill, intangibles, and impairment reviews. SSAP 19 and 21 provide guidance on investment properties and lease accounting respectively. The presentation provides examples and definitions to explain application of the standards.

1. ACCOUNTING ISSUES IN A DOWNTURN APRIL 2010

3. Irish/UK GAAP

5. TRUE AND FAIR VIEW Section 3 Companies Act, 1986 – Overriding principle

6. FRS 15 Tangible Fixed Assets

17. FRS 10 Goodwill and Intangible Assets

23. FRS 11 Impairment of Fixed Assets and Goodwill

36. SSAP 19 Accounting for Investment Properties

42. SSAP 21 Accounting for Leases and Hire Purchase Contracts

51. Thank you

52. Deirdre Kiely [email_address] Tel 01 418 2088