Key Accounting Policies and Other Reporting Considerations

- Χρηματοοικ. Ασφαλιστικά Τραπεζικά - Λογιστικά/ Έλεγχος/ Φορολογικά - Νομοθεσία, Νομική & Δικηγόροι

29 Μάιου 2023 09:00 31 Μάιου 2023 12:45
Αγγλικά
7 ώρες ( 2 μέρες )
Key Accounting Policies and Other Reporting Considerations

ΠΕΡΙΓΡΑΦΗ

The global financial reporting environment is complex and in a state of perpetual change which can place a heavy burden on businesses to comply with the reporting requirements.  A big challenge facing businesses is ensuring that the right people within the organisation understand the relevant accounting requirements in order to achieve compliance with the accounting standards.

This course provides a holistic approach to developing accounting policies that are coherent and faithful. It draws in diverse elements of the IFRS framework to present a full image of well-written financial statements.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the programme, participants will be able to:

In terms of Knowledge

  • Outline and analyse the reporting requirements emanating under IFRS.
  • Get to grips with all the key standards on accounting policies: IAS 8, IAS 21, IAS 10 and IAS 24.
  • Understand the reasons why companies need to develop proper financial reporting policies.
  • Describe how accounting foreign exchange might potentially impact both the statement of financial position and the statement of comprehensive performance.
  • Know how to handle events after the reporting period.
  • Familiarise yourself with IFRS 13 and its influence on other standards.
  • Understand the impact and how to report related party transactions.
  • Explain how to prepare interim financial statements.

In terms of Skills

  • Apply the requirements of IFRS.
  • Review and develop holistic and coherent accounting policies.
  • Prepare financial statements on a going concern basis.
  • Establish the need to deploy tools to support the application of IFRS 13.
  • Implement the steps required when there is a need for accounting policy change.
  • Translate the financial information properly.
  • Reflect on the events after reporting period to accounts.
  • Prepare interim financial statements

In terms of Attitude

  • Manage stakeholders’ expectations.
  • Assess the readiness of the organization to apply the requirements of the standards
  • Recommend solutions to address the changes to the standards
  • Adopt a formal policy to be followed when addressing IFRS requirements
  • Justify the importance of applying the IFRSs requirements
  • Justify the need of a company to apply the requirements of the standards
  • Motivate other employees to follow specific procedures and policies in order properly apply the standards discussed

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The programme is ideal for:

  • Accountants in an investment bank or treasury operation/internal audit in a bank
  • Individuals working in non-banking entities where they are considering hedge accounting for the first time
  • Industry controllers, external auditors, analysts and other finance professionals who are interested in learning about derivatives and hedge accounting

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline

Changes in policies

  • IAS 8 explained
  • Objective, scope and key definitions
  • Selecting accounting policies
  • Changing accounting policies
  • Changes in accounting estimates
  • Errors
  • Sources of confusion in IAS 8

Foreign exchange

  • IAS 21 explained
  • Objective, scope and key definitions
  • Functional currency in foreign operations
  • Accounting for functional currency
  • Exchange differences
  • Translating to the presentation currency

Events after the reporting date

  • IAS 10 explained
  • Objective, scope and key definitions
  • Spotting events after the reporting date
  • Adjusting events
  • Non-adjusting events
  • No longer a going concern
  • Disclosures

Related parties

  • IAS 24 explained
  • Objective, scope and purpose
  • Related parties
  • Related party transactions
  • Disclosures
  • Related party transactions in practice

Fair value

  • Objective, scope and key definitions
  • Defining fair value
  • Measuring fair value
  • The hierarchy
  • Disclosures concerning fair value

Other types of reporting

  • Other types of reporting explained
  • IFRS 8:

– Objective, scope and key definitions

-Disclosures

  • IAS 34:

-Objective, scope and key definitions

-Condensed financial statements

-Disclosures

  • IAS 33:

-Objectives and scope

-Basic measurements, calculations and disclosures


Training Style

  • Illustration of key terms and concepts
  • Preparation and discussion of practical examples, including mini cases
  • The course will have both a theoretical and practical framework with real examples drawn from actual companies, local and international
  • Activities and Break-out groups


CPD Recognition

This programme may be approved for up to 7 CPD units in Accounting & Auditing. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

Αναλυτικό Κόστος Σεμιναρίου
  • € 240.00
  • € 0.00
  • € 45.60
  • € 240.00
ΠΡΟΓΡΑΜΜΑ ΣΕΜΙΝΑΡΙΟΥ

Δευτέρα - 29 Μάιου 2023

Ώρα

09:00 - 12:45

ΕΚΠΑΙΔΕΥΤΗΣ:

Μάριος Μόρτης

Τοποθεσία:

OnLine Virtual Classroom

Τετάρτη - 31 Μάιου 2023

Ώρα

09:00 - 12:45

ΕΚΠΑΙΔΕΥΤΗΣ:

Μάριος Μόρτης

Τοποθεσία:

OnLine Virtual Classroom

Εκδήλωση Ενδιαφέροντος : Key Accounting Policies and Other Reporting Considerations

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