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
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 experience in the accounting, audit, advisory, assurance, and banking sectors in various positions and companies in Cyprus.

During the last 7 years, Marios continued his path in the education field which is a challenging and interesting field for him. He currently holds the position of Trainer & Accountancy Programs Leader for EIMF where among others he is teaching many courses of various accountancy qualifications and open seminars, such as cash and treasury management, credit management, governance, ethics, risk management, financial reporting, budgeting, and taxation.

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

Σεμινάρια στην ίδια κατηγορία από τον ίδιο διοργανωτή
The EU Regulatory Disclosure Framework for Managing ESG Risks by Finan...

The EU Supervisory authorities concur that the Environmental, Social and Governance (ESG) risks to financial institutions can be defined as risks that stem from...

17/06/2024 10:00

5 ώρες (1 ημέρα)

Αγγλικά

Live Online

CySEC Certification Examination Preparation Course (Advanced, Basic Ex...

With a proven track record, the highly successful EIMF CySEC examination preparation course offers an in-depth coverage of all the required material, preparing ...

17/06/2024 16:30

32 ώρες (8 μέρες)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

Live Online

International Accounting Standards (IFRS/IAS) – The Latest Development...

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 report...

18/06/2024 09:00

7 ώρες (2 μέρες)

Αγγλικά

Live Online

Introduction to Loan Agreements: Loan Market Association (LMA Format)...

This intensive course will cover all aspects of a loan transaction, concentrating particularly on the agreement itself and on the legal implications of a proper...

19/06/2024 10:00

7 ώρες (2 μέρες)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

Live Online

Integrity at Work workshop, and Ethical use of AI in the Financial Sec...

The Chartered Institute for Securities & Investment (CISI), The Cyprus Investment Funds Association (CIFA), and EIMF cordially invite you to join us for an insi...

20/06/2024 16:00

2 ώρες (1 ημέρα)

Αγγλικά

EIMF (Λευκωσία)

The Essentials of Company Law: Setting Up a Company in Cyprus...

As a full member of the European Union, Cyprus remains a safe and popular destination for investment due to the significant tax benefits that Cyprus offers. Thi...

27/06/2024 09:00

6 ώρες (2 μέρες)

Αγγλικά

Live Online

Employment Law in Cyprus...

It is important for any effective manager, supervisor or team leader to have a solid understanding of all the basic matters surrounding the employment law in Cy...

27/06/2024 09:00

6 ώρες (1 ημέρα)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

Live Online

Cyprus Contract Law – The Basics...

What is a Contract? It may be surprising to hear that we form contracts every day without even knowing! This course will offer the opportunity to address ...

02/07/2024 09:00

6 ώρες (2 μέρες)

Αγγλικά

Live Online

CySEC Certification Examination Preparation Course (Advanced, Basic Ex...

With a proven track record, the highly successful EIMF CySEC examination preparation course offers an in-depth coverage of all the required material, preparing ...

03/07/2024 14:30

32 ώρες (8 μέρες)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

Live Online

Fund Administration, Accounting, Reporting and Depositary Functions...

Course Overview  Mutual Funds are a very widely used financial tool. Investors, professionals and individuals make use of them in order to benefit from the p...

08/07/2024 15:45

5 ώρες (2 μέρες)

Αγγλικά

Live Online

CySEC AML Certification Examination Preparation Course...

The CySEC AML Certification Examination requires very good knowledge of the Prevention and Suppression of Money Laundering and Terrorist Financing Laws of 20...

08/07/2024 17:30

16 ώρες (5 μέρες)

Αγγλικά

Επιχορηγημένο-ΑνΑΔ

Live Online

The Fund Industry: Definitions, Structures, Strategies and Regulations...

Mutual Funds are a very widely used financial tool. Investors, professionals and individuals make use of them in order to benefit from the professional investme...

22/07/2024 09:00

5 ώρες (1 ημέρα)

Αγγλικά

Live Online

CIMA – Case Study (Management Level)...

Each level of the CIMA Professional Qualification culminates in a Case Study Examination, which integrates the knowledge, skills, and techniques from across the...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA – Fundamentals of Ethics, Corporate Governance and Business Law (...

The learning outcomes in this subject reflect the professional standards to be demonstrated for the benefit of all stakeholders. With this in mind, the place of...

31/01/2025 04:05

Αγγλικά

eLearning

Corda Distributed Ledger Architecture...

Description  This R3 Corda Architecture training is for technical leaders who need to make decisions about architecture, environment, and development platfor...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA – Strategic Management (E3)...

This unit provides the foundation of strategic management and an understanding of the dynamics of the organisational ecosystem and how it affects the strategy o...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA - Advanced Management Accounting (P2)...

This unit explains how to use cost management, quality and process management and value management to provide organisations with cost advantage. You will learn ...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA – Case Study (Strategic Level)...

Each level of the CIMA Professional Qualification culminates in a Case Study Examination, which integrates the knowledge, skills and techniques from across the ...

31/01/2025 04:05

Αγγλικά

eLearning

Market Abuse...

Market abuse may arise in circumstances where financial market investors have been unreasonably disadvantaged, directly or indirectly, by others who: have us...

31/01/2025 04:05

Αγγλικά

eLearning

Know your Client (KYC) and Customer Due Diligence (CDD)...

A key concern and significant risk for financial institutions remain the possibility of unknowingly becoming complicit in money laundering actions, where...

31/01/2025 04:05

Αγγλικά

eLearning

(eLearning) - Certified Blockchain Developer - Hyperledger Fabric (CBD...

Description  This course will cover the syllabus of BTA's Certified Blockchain Developer - Hyperledger Fabric (CBDH) examination.  The Certified Blockchai...

31/01/2025 04:05

Αγγλικά

eLearning

Anti-Bribery and Anti-Corruption...

Description This course offers a comprehensive review to bribery and corruption, and the effects of both. It addresses the forms of bribery, provides statist...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA – Fundamentals of Financial Accounting (BA3)...

The main objective of this subject is to obtain a practical understanding of financial accounting and the process behind the preparation of financial statements...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA – Financial Strategy (F3)...

This unit explain the different strategic financial objectives and policy options that are open to organisations. Discuss about the types of funds available to ...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA - Advanced Financial Reporting (F2)...

Building on knowledge gained in F1, you will learn how to source the long-term finance needed for operations like capital investments. You will learn about grou...

31/01/2025 04:05

Αγγλικά

eLearning

Senior Managers and Certification Regime...

An online e-learning course aimed as an introductory overview for those working in FCA authorised firms to enable them to understand the Senior Managers and ...

31/01/2025 04:05

Αγγλικά

eLearning

Treating Customers Fairly...

This Treating Customers Fairly (“TCF”) course for all members of a firm helps them show the FCA that fair treatment of customers is at the heart of their...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA - Managing Finance in a Digital World (E1)...

This subject provides a comprehensive overview of managing financial activities in the digital world. With all the entities of the world becoming digitized, you...

31/01/2025 04:05

Αγγλικά

eLearning

MiFID II Overview...

Description This course offers a brief overview of MiFID II. It addresses the changes to the market structure under MiFID and MiFID II, and provides a sound ...

31/01/2025 04:05

Αγγλικά

eLearning

Anti-Bribery and Corruption...

Anti-bribery and anti-corruption legislation globally has existed for some time, though enforcement is becoming more aggressive. There is heightened regulatory ...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA – Fundamentals of Management Accounting (BA2)...

This subject deals with the fundamental knowledge and techniques that underpin management accounting. It identifies the position of the management accountant wi...

31/01/2025 04:05

Αγγλικά

eLearning

Whistleblowing...

A short online e-learning primer for those working in financial services firms explaining the rules on whistleblowing and when it may be appropriate to m...

31/01/2025 04:05

Αγγλικά

eLearning

International Economic Sanctions...

Define sanctions, review the different categories and assess the purpose that they are designed to achieve. Review the global sanctions framework and the key...

31/01/2025 04:05

Αγγλικά

eLearning

AML 4th and 5th Directives Overview...

When the EU issues an anti money laundering directive, it also sets an implementation date by which appropriate AML/CFT legislation must be in place within memb...

31/01/2025 04:05

Αγγλικά

eLearning

AGRC Certificate in AML...

The AGRC’s AML Certificate’s Curriculum AGRC’s AML Certificate covers the following specific topics: – Money laundering methods, techniques, red flags and...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA – RISK MANAGEMENT (P3)...

This unit explains how to identify, evaluate and manage enterprise risks. You will learn where strategic risks emanate from, how to evaluate them and understand...

31/01/2025 04:05

Αγγλικά

eLearning

Practical Aspects of the Compliance Function...

Description This course offers a practical review of the compliance function. It addresses the roles, responsibilities and mission of the compliance officer,...

31/01/2025 04:05

Αγγλικά

eLearning

Internal Capital Adequacy Review Assessment (ICARA)...

Welcome to our self-paced eLearning course on the Internal Capital Adequacy Review Assessment (ICARA) process for Investment Firms. The ICARA Process requiremen...

31/01/2025 04:05

Αγγλικά

eLearning

Ethics and Compliance...

This course will help you to increase your personal ethics and explore your obligations to act with integrity in all aspects of your work and professional relat...

31/01/2025 04:05

Αγγλικά

eLearning

Building an AML Risk-Based Approach...

The risk-based approach (RBA) is central to the effective implementation of the Financial Action Task Force (FATF) recommendations. This means that superviso...

31/01/2025 04:05

Αγγλικά

eLearning

Hyperledger Fabric v1.4: Architecting, Designing and Deploying a Netwo...

Description  This Hyperledger training course is designed for Architects and System Administrators and other professionals who want to gain a deeper understa...

31/01/2025 04:05

Αγγλικά

eLearning

Financial Crime Risk Management...

Financial crime is a well-known and widespread problem that impacts brand value and reputation, goodwill, and revenue of many organizations. In addition to t...

31/01/2025 04:05

Αγγλικά

eLearning

SM&CR — The Conduct Rules...

An online e-learning primer aimed as an introductory overview for those working in FCA-regulated firms to enable them to understand the Conduct Rules within ...

31/01/2025 04:05

Αγγλικά

eLearning

Developing on Hyperledger Fabric 1.4...

Description  This Hyperledger training course is designed for developers and who want to take a comprehensive deep dive on Hyperledger Fabric v1.4.  This ...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA – Management Accounting (P1)...

This subject which is part of CIMA qualification in diploma in Management Accounting provides you an in-depth understanding of the management activities and pri...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA - Financial Reporting (F1)...

This subject which is part of CIMA qualification in diploma in Management Accounting provides you a comprehensive overview of how reporting is performed in fina...

31/01/2025 04:05

Αγγλικά

eLearning

Financial Regulation: The International Regulatory Environment...

A key component to the development of financial markets is to agree standards of behaviour and provide mechanisms for dispute resolution. These standards, ru...

31/01/2025 04:05

Αγγλικά

eLearning

Risk Based Approach (RBA) to Anti Money Laundering...

This course aims to describe and explain the Risk-Based Approach (RBA) procedures so that the firms focus their efforts on those areas where the risk of ML a...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA – Fundamentals of Business Economics (BA1)...

This subject primarily covers the economic and operating context of business and how the factors of competition, the behaviour of financial markets and governme...

31/01/2025 04:05

Αγγλικά

eLearning

AML Suspicious Activity Reports and Suspicious Transaction Reports (SA...

This self-paced, online course provides an overview of AML, the measures needed for efficient AML controls, Suspicious Transaction Monitoring, and Suspicious Ac...

31/01/2025 04:05

Αγγλικά

eLearning

CIMA – Managing Performance (E2)...

This unit provides the fundamentals of business models and how to develop new business and operating models to improve an organisations overall performance. You...

31/01/2025 04:05

Αγγλικά

eLearning