Start date: 15 Nov 2015 Finish date: 26 Nov 2015 Start time: 09:00 Finish time: 18:00 Price: GBP 5,850

Transcription

1 Course level: Location: CPE / CPD: Overview Dubai 64 hours Start date: 15 Nov 2015 Finish date: 26 Nov 2015 Start time: 09:00 Finish time: 18:00 Price: GBP 5,850 Book this course Course introduction This eight-day dual-instructor workshop provides a detailed review of all significant technical requirements related to International Financial Reporting Standards (IFRSs). It includes coverage of IFRSs, hands-on case studies, examples, exercises, and benefits from the interactive participation of the attendees. Designed as an extended version of IFRS Fundamentals - Comprehensive Workshop (5-day course), the Immersion Course helps participants to acquire the tools necessary to understand and apply IFRSs and prepare IFRS-compliant financial statements. The program includes the latest pronouncements, and participants are brought up-to-date on all topics. In addition, participants are provided with information to assist them in researching accounting issues and monitoring future changes. Registration fee for this unique event includes: 8 days of formal tuition by some of our most senior instructors. Full set of course materials (including case studies, illustrations and examples). An ipad which you can use for research during and after the course. A local sightseeing tour. Lunch and refreshments on every teaching day. Farewell dinner and class photographs. This course is ideal for individuals at all levels within an organization who need to have detailed knowledge of IFRSs. In essence, it is an opportunity to transfer a crucial new skill set to those responsible for making accounting decisions and preparing, reviewing or approving IFRS financial statements. The program is generic and does not focus on any single industry. Printed from on 28 Nov 2017 Page 1 of 8

2 Presented by two experienced IFRS instructors, this program gives participants the benefit of decades of IFRS experience. Delegates receive the benefit of more than one view of IFRSs and the opportunity to ask questions, receiving thorough answers to their individual questions from the presenters past experiences. Our specialist instructors explain the principles clearly and simply and provide real-world examples, including an overview of the requirements for first-time adoption of IFRSs and the practicalities of implementing IFRSs. The program includes coverage of Standards with future applicability, Exposure Drafts and the IASB s future plans, giving participants up-to-the-minute information and providing an ability to foresee how anticipated and published changes may affect their organizations. This course answers questions such as: What are the current and likely future requirements of IFRSs? What is the probable impact of adopting such requirements? How are IFRS recognition and measurement rules applied? What are the requirements for presentation of IFRS financial statements and related disclosures? Where can up-to-date information about IFRSs be obtained? How can complex or unique situations be researched? Topics Introduction to IFRSs Brief history of IFRSs Conceptual Framework Fair value measurement (IFRS 13) Content of IFRS Financial Statements Presentation of financial statements (IAS 1) Statement of cash flows (IAS 7) Accounting policies, changes in accounting estimates and errors (IAS 8) Events after the reporting period (IAS 10) Operating segments (IFRS 8) Related party disclosures (IAS 24) Earnings per share (IAS 33) Interim financial reporting (IAS 34 and IFRIC 10) Discontinued operations (IFRS 5) Assets Inventories (IAS 2) Printed from on 28 Nov 2017 Page 2 of 8

3 Property, plant & equipment (IAS 16) Borrowing costs (IAS 23) Intangible assets (IAS 38) Investment property (IAS 40) Impairment of assets (IAS 36) Non-current assets held for sale (IFRS 5) Liabilities Leases (IAS 17, SIC-27, and IFRIC 4) Update on IFRS 16 Leases Employee benefits (IAS 19 and IFRIC 14) Provisions, contingent liabilities and contingent assets (IAS 37) Share-based payment (IFRS 2) Financial Instruments Financial assets and liabilities, hedging and derivatives (IAS 32, IAS 39, IFRS 9) Financial instrument disclosures (IFRS 7) Income Taxes Income taxes (IAS 12) Revenue Recognition Revenue (IAS 18, IFRIC 13 and 18) Construction contracts (IAS 11) Revenue from Contracts with Customers (IFRS 15) Foreign Currency Issues The effects of changes in foreign exchange rates (IAS 21) Business Combinations, Consolidations, Associates & Joint Arrangements Business combinations (IFRS 3) Consolidated financial statements (IFRS 10) Separate financial statements (IAS 27) Investments in associates and joint ventures (IAS 28) Joint arrangements (IFRS 11) Disclosure of interests in other entities (IFRS 12) Review of Specialized Areas Accounting for government grants and disclosure of government assistance (IAS 20) Accounting and reporting by retirement benefit plans (IAS 26) Financial reporting in hyperinflationary economies (IAS 29) Printed from on 28 Nov 2017 Page 3 of 8

4 Transitioning to IFRSs First-time adoption of IFRSs (IFRS 1) Expected Future Developments IASB Work Plan Detailed agenda The workshop will consist of eight days of instruction and participation, separated by a weekend break. Note the working week in the following course locations: USA: Monday-Friday Europe: Monday-Friday UAE: Sunday-Thursday The teaching day will be from 9am to 6pm. Please arrive at the seminar room by no later than 8.45am. Teaching method Group live instruction in a workshop format, cases, examples, group work, open discussions Review of the rationale and objective for IASB standards Description and explanation of IFRS technical requirements in clear and simple language Use of case studies, exercises, interpretations, and real-world financial statements to illustrate practical application of the standards Dual-instructor format, resulting in greater opportunity to have individual questions answered from previous experience Interactive participation is encouraged All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials Prerequisites Printed from on 28 Nov 2017 Page 4 of 8

5 Basic knowledge of accounting environment, processes and objectives. No other advance preparation is required for this course. Course benefits Learn how to prepare IFRS financial statements, including statement of financial position, statement of comprehensive income, statement of cash flows and statement of changes in equity Compute basic and diluted earnings per share Differentiate between changes in estimates and changes in accounting policies Comply with IFRS disclosure requirements, including accounting policies Identify the optional and mandatory requirements for first-time adoption of IFRSs Greater understanding of the considerations when deciding which of the optional treatments in IFRS 1 to apply List the IFRS requirements for recognition and measurement of assets, liabilities, revenues, expenses, gains and losses Calculate asset impairment using the cash-generating units approach in accordance with IAS 36 Differentiate between finance and operating leases Explain likely future IFRS changes, including prospects for convergence with national accounting standards All participants receive an ipad to be used for technical research during and after the course City tour and farewell dinner, arranged and paid by IASeminars Testimonials See what past participants said about this course: The IASeminars IFRS program is excellent with experienced instructors. I found the program to be very insightful. Prosper Kwasi Ahiakonu, Principal Accountant Ghana National Petroleum Corporation High quality standard course, very knowledgeable instructors. Customer Service was excellent. Printed from on 28 Nov 2017 Page 5 of 8

6 Fahad Al Jadidi, Senior Accountant Oman Telecommunication Company The course was very good and a bit refreshing. It was full of information, updates, practical examples, and explanations from the excellent instructors. Thank you IASeminars for the great learning experience. Janice Lagazo, Accountant Petroserve Holding B.V., Monaco IFRS 1000 is a good learning experience not only for those who have already adopted IFRS to their company but as well as those who need updates re new pronouncements. The course has been refreshing and exciting, and the course instructors have been marvellous. I have gained immensely from the presentations. IASeminars is highly professional, the course content easy to understand and the delivery just fantastic. CPE / CPD Accreditation NASBA IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: Field of study: Accounting ICAEW Partner in Learning IASeminars is proud to have been named as an ICAEW Partner in Learning, working together to offer the ICAEW IFRS Printed from on 28 Nov 2017 Page 6 of 8

7 Certificate to our clients worldwide. ICAEW (The Institute of Chartered Accountants in England and Wales) is a world leading professional membership organisation that promotes, develops and supports over 145,000 chartered accountants worldwide. CPE certificates obtained from attending IASeminars courses are an ideal way for ICAEW members and others to demonstrate their continuing professional development, provided that the topic is relevant to their learning and development needs. New York State Board of Public Accountancy IASeminars is registered with the New York State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. Texas State Board of Public Accountancy IASeminars is registered with the Texas State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. Venue This event will be held at Crowne Plaza Dubai. Detailed Joining Instructions are sent to all registered delegates by approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided. Instructor(s) Michelle McKechnie Michelle McKechnie a qualified South African Chartered Accountant, with knowledge and experience in International Financial Reporting Standards (IFRS). She has delivered courses on ACCA, CPA and CIMA as well as teaching the ICAEW IFRS diploma. Michelle graduated Top 5 in the Accounting Honours degree (cum laude) at the University of Johannesburg in South Africa. After completing 3 years auditing and assurance experience at KPMG, Michelle was transferred to KPMG s Department of Professional Practice, specializing in IFRS advisory services to clients. In 2010, Michelle relocated to Dubai where she worked as Corporate Finance Manager for a global property developer listed on the Dubai Financial Market. Daniel Pharaon Daniel Pharaon heads the internal audit department and the merger and acquisition activity of a large IT group with operations in 27 countries throughout the Middle East, Europe and Africa. He previously worked at KPMG in Lebanon, where he was the manager in charge of the international banking practice serving clients such as HSBC, Standard Chartered and Citibank. He also worked on international clients in other sectors (e.g. manufacturing), and was regularly involved in IFRS issues. Daniel is a US Certified Public Accountant (CPA.), a Certified Internal Auditor (CIA) and he has an IFRS Certificate from the Institute of Chartered Accountants in England and Wales. He is a part-time Printed from on 28 Nov 2017 Page 7 of 8

8 instructor with Morgan International for courses leading to the CPA, CIA, CMA, and CFA credentials. Daniel has been involved in the preparation and delivery of many other training courses on topics such as IFRS, internal controls, financial statement analysis and fraud management, and is fluent in English, Arabic and French. In House To bring this course in-house please contact us and we will be pleased to assist Printed from on 28 Nov 2017 Page 8 of 8