Key Accounting Policies and Other Reporting Considerations

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

29 Μαΐου 2023 09:00 31 Μαΐου 2023 12:45 OnLine Virtual Classroom
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.

Πληροφορίες Εκπαιδευτή
Μάριος Μόρτης - Trainer and Accountancy Programs Leader -BSc (Acc), MSc (Fin&Bank), FCCA
Marios Mortis holds a bachelor’s degree in Business Administration in Accounting, a Master’s in Banking and Finance, and he is a qualified Fellow Member of the Association of Certified Chartered Accountants (ACCA). Marios has developed and conducted professional training courses on corporate reporting, Accounting and Finance, and Financial Workshops. He had, also, participated to research on the area of finance and accounting at both academic and professional levels.He has many years of working ...
Αναλυτικό Κόστος Σεμιναρίου
  • € 240.00
  • € 0.00
  • € 45.60
  • € 240.00
  • € 285.60
ΠΡΟΓΡΑΜΜΑ ΣΕΜΙΝΑΡΙΟΥ

Δευτέρα - 29 Μαΐου 2023

Ώρα

09:00 - 12:45

ΕΚΠΑΙΔΕΥΤΗΣ:

Μάριος Μόρτης

Τοποθεσία:

OnLine Virtual Classroom

Τετάρτη - 31 Μαΐου 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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