دورات قادمة

بحث متقدم

الأقسام
المدينة

Financial Report Writing

رقم
1243
الكود
GFNWS002
العنوان
Financial Report Writing
القسم
Finance and Accounting
التاريخ
27 April - 01 May
مكان البرنامج
Kula Lumpur
الدولة
Malysia
رسوم البرنامج
3750 $
الوصف

Outright adoption of International Financial Reporting Standards (IFRS) or convergence with these standards is now a global phenomenon that is rapidly gathering pace. Australia, Russia, the entire 25 member counties of the European Union, several countries in the Middle East and Africa, and others have decided on wholesale, mandatory change to IFRS. EU legislation for instance requires listed European plc companies comply with IFRS in 2005 for their group financial statements. Ireland has very recently decided to permit all companies-not just plc’s to prepare their statements under IFRS. This is the biggest change to financial reporting in 25 years and makes the transition to IFRS an urgent issue for companies.

 

Transparent corporate information is necessary now more than ever. Investors and lenders need clear, credible and internationally comparable financial and non-financial information on which to base their decisions.

Audience

For senior and middle financial and accounting personnel from all divisions and units of the company.

Objectives

The purpose of this course is to provide finance and accounting staff with a sound working knowledge of the all the IFRS standards relevant to the business and to identify the changes in accounting policies and procedures which will be required in order to make the change to IFRS. The technical requirements of IFRS will be explained and illustrated.

Course Content Summary

 

The content will include:

 

Background to IFRS; current IFRS reporting requirements; first time application of IFRS

 

Framework for the preparation and presentation of financial statements

Measuring financial performance; revenue recognition

Accounting for non-current assets and liabilities; impairment of assets

Cash flow statements

Group accounting

Income tax reporting

Financial instruments

Course Delivery

The course is a mixture of short presentations, interactive discussion, individual exercises and group work. The course will make liberal use of, and reference to those IFRS considered most relevant to the client. Comparisons with US GAAP will also be included. The course will also make references to Interpretations of International Reporting Standards (SICs).

Content Summary

Module 1 Background to International Financial Reporting Standards (IFRS)

The need for IFRS

International accounting harmonisation-implications for Qatar/QP

EU Requirements for listed companies

The use of IFRS around the world

Integrating IFRS with national standards

IASB structure and work programme

Module 2 Framework for the Preparation and Presentation of Financial Statements

IASB Framework

Underlying assumptions

Expected qualitative characteristics

Elements of financial statements

Principles of recognition and measurement

Concepts of capital and capital maintenance

Module 3 IAS 1 Presentation of Financial Statements

Responsibility for financial statements

Components of financial statements

Overall considerations

Structure and content

Module 4 Measuring financial performance

Inventories (IAS 2)

Accounting policies, changes in accounting estimates and errors. (IAS 8)

Revenue: recognition and measurement (IAS 18)

Related party disclosures (IAS 24)

Earnings per share (IAS 33)

Discontinuing operations (IAS 35)

Module 5 Non-current Assets and liabilities

Property, plant and equipment: recognition and measurement, revaluations and depreciation (IAS 16)

Borrowing costs: capitalisation (IAS 23)

Impairment of assets: identification, measurement of recoverable amount (IAS 36)

Provisions, contingent liabilities and contingent assets (IAS 37)

Intangible assets: recognition and measurement, internally developed assets and research & development (IAS 38)

Investment Property (IAS 40)

Non-current assets held for sale and Discontinued Operations (IFRS 5)

Module 6 Cash Flow Statements

Cash Flow Statements: operating, investing and financing activities; direct and indirect methods; (IAS 7)


Module 7 Group Accounting

Business Combinations: Uniting of interests, acquisitions (IAS 22)

Consolidated and Separate Financial Statements (IAS 27)

Investments in Associates (IAS 28)

Interests in Joint Ventures (IAS 31)

Business Combinations (IFRS 3)

Module 8 Income Tax Reporting

Income taxes: current tax and deferred tax liabilities and tax assets (IAS 12)

Module 9 Financial Instruments

Leases (IAS 17)

Financial Instruments: Disclosure and Presentation (IAS 32)

Financial Instruments: recognition and Measurement (IAS 39)

Module 10 Other issues

Events after the Balance Sheet Date (IAS 10)

Construction contracts (IAS 11)

Segment Reporting (IAS 14)

Employee Benefits (IAS 19)

Accounting for Government Grants and Disclosure of Govt. Assistance (IAS 20)

The effects of Changes in Foreign Exchange Rates (IAS 21)

Accounting and reporting by retirement benefit plans (IAS 26)

Financial Reporting in Hyperinflationary Economies (IAS 29)

Disclosures in the Financial Statements of Banks and Similar Financial Institutions (IAS 30)

Interim Financial Reporting (IAS 34)

Agriculture (IAS 41)

First Time Adoption of IFRS Standards (IFRS 1)

Equity-settled share based payment transactions (IFRS 2)

Insurance Contracts (IFRS 4)

Proposed standards and changes in standards.

 
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