What past delegates say?
“Excellent learning experience. Will recommend to my peers.”
Former Delegate, Rabobank
“[The trainer] didn’t lose my attention once, which could be a first!”
Former Delegate, Russell Investments
IFRS - Essentials and New Developments
In-company, call us for more information
This intensive 2 day course conducted by a former senior City banker focuses on explaining the fundamentals and most up to date requirements for IFRS reporting standards.
You will learn about the main framework as well as more complex norms dealing with non-current assets and intangibles including property and equipment, leasing, business combinations, provisions and contingent assets.
You will also have a chance to explore the standards dealing with the disclosure and presentation of financial instruments.
Finally the treatment of off balance items and derivatives will be explained.
The course programme includes many real life case studies illustrating discussed material.
Knowledge of key accounting principles, such as the structure of financial statements and common accounting terms, will be required to obtain maximum benefit from this programme.
What Will You Learn
By the end of this course you will:
Main Topics Covered During This Training
- IAS 16: Property, Plant and Equipment
- IAS 17: Leasing
- IFRS 3 & IAS 27: Business Combinations
- IAS 36: Impairment of Assets
- IAS 37: Provisions, Contingent Liabilities and Contingent Assets
- IFRS 9, IAS 32 and 39: Financial Instruments: disclosure and Presentation; Financial Instruments: Recognition and Measurement
Who Should Attend
In-company, call us for more information
Group discount: 2 people - 5% discount, 3 people - 10% discount. Delegates have to be from the same company and register at the same time in order to claim the discount.
- Background of the IASB
- Accounting principles comparison across various GAAPs
- The format of accounts under IAS and US GAAP and how they differ
- Recent developments – current issues in IFRS accounting
- PPE (IAS 16): accounting treatments – depreciated historical costs vs modified historical cost
- Investment properties (IAS 40)
- Leased assets (IAS 17)
- Research and development – balance sheet treatment
- Licences and similar contractual rights
- Currency translation
- Economic vs. translation vs. transaction exposure
- Is one exchange rate used for all items in the financial statements?
- How transactions are dealt with
- Dealing with FX exposure in groups
- When should provisions be made and basic accounting principles
- Business restructuring costs
- Potential liabilities under contractual and financial commitments
- Pensions (IAS 19 and 26)
- Defined benefit vs. defined contribution and consequences for the evaluation of businesses with significant pension commitments (review of selected mature businesses)
- Segregated pension funds vs. “pay as you go” and how this affects the financial statements
- Employee benefits – share options schemes
- Acquisition vs. merger (pooling/uniting of interests) accounting and implications for financial reporting
- Subsidiaries, associates and investments – de facto control
- Goodwill or just overpaying for companies – why the corporate credit analyst needs to understand the principles of how goodwill is calculated
- Amortisation vs. impairment of goodwill
- Comparative treatment of goodwill under IAS, existing accounting methods and US GAAP
- Recognition and classification of financial instruments
- Valuation and measurement issues
- Hedge accounting – recent changes
- Current proposals after the credit crunch
- Types of off balance sheet items
- Accounting considerations
- Hedge accounting
- Valuation issues
- Reporting considerations
- Course review
- What kind of courses do you offer?
- How long are your courses?
- Where do you deliver your courses?
- What can I expect from attending your course?
- How do I register?
- What happens after I register?
- How do I pay?
- Whatâ€™s included in the price?
- Do you offer any discounts?
- What is your Cancellation Policy
- Who are your Trainers?