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IFRS
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Duration: 1 Hour
CPD Units: 1 Unit – Certificate of Attendance will be provided with CPDs applicable for ICPAC, ACCA, ACA.
Price: 100 +VAT
Seminar Details:
This training primarily covers IAS 32 Financial Instruments: Presentation along-side with IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments.
The objective of IAS 32 is to establish principles for presenting financial instruments as liabilities or equity and for offsetting financial assets and financial liabilities. It applies to the classification of financial instruments, from the perspective of the issuer, into financial assets, financial liabilities and equity instruments; the classification of related interest, dividends, losses and gains; and the circumstances in which financial assets and financial liabilities should be offset.
The principles in this Standard complement the principles for recognising and measuring financial assets and financial liabilities in IFRS 9 Financial Instruments, and for disclosing information about them in IFRS 7 Financial Instruments: Disclosures.
IFRIC 19 addresses the accounting by an entity when the terms of a financial liability are renegotiated and result in the entity issuing equity instruments to a creditor of the entity to extinguish all or part of the financial liability.
Preparers/Facilitators:
- Pantelis Pavlou - Director, member of the Central, Eastern, South-Eastern Europe & Central Asia (CESA) IFRS Desk
- Constantina Charalambidou - Senior Manager, Financial Accounting Advisory Services
Contact Person:
Related Links:
Agenda
Learning Objectives
· Understand the scope for financial instruments accounting and the key definitions.
· Understand that key principles of the standard for the classification of financial instruments between financial liability and equity.
· Identify the correct approach for accounting for more complex financial instruments including combined instruments, instruments for delivering the entity’s own equity (the so called “fixed-for-fixed”).
· Recognise the correct allocation and treatment of transaction costs for issuing financial instruments (financial liabilities and equity instruments).
· Understand the accounting considerations with regards to acquiring own equity instruments (treasury shares).
· Identify the transactions that fall within the scope of IFRIC 19 and the potential accounting consequences.
Training Contents
1. Introduction
2. Underlying Principle
3. Classification: Debt or Equity
4. Contracts settled by delivering the entity’s own equity instruments
5. Compound Financial Instruments
6. Other Topics
7. Equity to Extinguish Debt
8. Resources
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Video-on-demand IFRS Course: Financial instruments series – Part 2 - IFRS 9 Classification & Measurement
Duration: 1 Hour
CPD Units: 1 Unit – Certificate of Attendance will be provided with CPDs applicable for ICPAC, ACCA, ACA.
Price: 100 +VAT
Seminar Details:
The objective of IFRS 9 Financial Instruments is to establish principles for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows.
This training deals specifically with the recognition, classification, and measurement, of financial instruments under IFRS 9 Financial Instruments. It provides a general background to financial instruments and discusses which financial instruments are within the scope of which standards. It further deals with what qualifies as financial assets and financial liabilities, and other contracts that are treated as if they were financial instruments.
Preparers/Facilitators:
- Pantelis Pavlou - Director, member of the Central, Eastern, South-Eastern Europe & Central Asia (CESA) IFRS Desk
- Samar Kheir - Senior, Financial Accounting Advisory Services
Contact Person:
Related Links:
Agenda
Learning Objectives
· Understand the governing standards for financial instruments accounting and the key definitions.
· Grasp the scope of IFRS 9.
· Be able to apply the important features of IFRS 9 under the classification and measurement of financial assets.
· Understand the initial recognition and scope of investment in equity instruments.
· Comprehend financial liabilities treatments through amortized cost and fair value through profit and loss.
· Understand ESG features and their effects.
· Determine amortised cost through EIR.
· Identify the different treatments for gains and losses.
Training Contents
1. Introduction
2. Classification and Measurement for Financial Assets
3. Classification and Measurement for Financial Liabilities
4. Subsequent Measurement
5. Summary
6. Current Issues
7. Disclosures
8. Resources
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Duration: 1.5 Hour
CPD Units: 1.5 Units – Certificate of Attendance will be provided with CPDs applicable for ICPAC, ACCA, ACA.
Price: 120 + VAT
Seminar Details:
The objective of IFRS 9 Financial Instruments is to establish principles for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows.
This training deals specifically with the impairment of financial instruments under IFRS 9 Financial Instruments. This training addresses the IFRS 9 Financial Instruments Expected Credit Loss (ECL) accounting model and provides a general introduction to the different approaches to impairment. It further deals with the specifics of significant increase in credit risk, contractual guarantees and forward-looking information.
In addition, this training further addresses the application in practice specifically for non-financial companies and financial institutions.
Preparers/Facilitators:
· Pantelis Pavlou - Director, member of the Central, Eastern, South-Eastern Europe & Central Asia (CESA) IFRS Desk
· Samar Kheir – Senior, Financial Accounting Advisory Services
Contact Person:
Related Links:
Agenda
Learning Objectives
· Determine IFRS 9 impairment requirements.
· Understand different approaches to impairment.
· Apply the definition of default and assess the probability of default.
· Understand the expected credit loss model.
· Determine what a significant increase in credit risk means.
· Understand the application in Practice.
· Understand the treatment of impairment gains and losses.
· Determine disclosure requirements.
Training Contents
1. Introduction
2. Approaches to Expected Credit Losses
3. Definition of Default
4. Measurement
5. Application in Practice for Non-Financial Corporates
6. Application in Practice for Financial Institutions
7. Recognition of Impairment Gains and losses
8. Disclosures
9. Resources.
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Video-on-demand IFRS Course: IFRS 15 – Revenue from Contracts with Customers
Duration: 1 Hour
CPD Units: 1 Unit – Certificate of Attendance will be provided with CPDs applicable for ICPAC, ACCA, ACA.
Price: 100 +VAT
Seminar Details:
Revenue is, arguably, one of most important indicators of an entity’s performance. It may be perceived as an indicator of the desirability of an entity’s products and services, and the growth or decline over time of a business. However, revenue does not represent all income for an entity. Revenue is a subset of income, it is derived from the ordinary activities of an entity and may be referred to by a variety of different names, including sales, fees, interest, dividends, royalties and rent.
Identifying what is revenue and specifying how and when to measure and report it is critical to any accounting framework. Within IFRS, several standards deal with the recognition of revenue, for example, IFRS 16 Leases and IFRS 9 Financial Instruments. This training primarily covers IFRS 15 Revenue from Contracts with Customers, which provides accounting requirements for all revenue arising from contracts with customers to provide goods or services.
Preparers/Facilitators:
- Constantina Charalambidou - Senior Manager, Financial Accounting Advisory Services and member of the Central, Eastern, South-Eastern Europe & Central Asia (CESA) IFRS Desk
- Samar Kheir – Senior, Financial Accounting Advisory Services
Contact Person:
Related Links:
Agenda
Learning Objectives
· Understand the basics of IFRS 15.
· Determine its scope and exceptions.
· Understand the five-step model.
· Identify presentation and disclosure requirements.
Training Contents
1. Introduction
2. Scope
3. Step 1: Identify the contract with the customer
4. Step 2: Identify the performance obligations in the contract
5. Step 3: Determine the transaction price
6. Step 4: Allocate the transaction price to the performance obligations
7. Step 5: Recognize revenue when (or as) each performance obligation is satisfied
8. Other measurement and recognition topics
9. Presentation and disclosure
10. Resources
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Duration: 1 Hour
CPD Units: 1 Unit – Certificate of Attendance will be provided with CPDs applicable for ICPAC, ACCA, ACA.
Price: 100 +VAT
Seminar Details:
The objective of IAS 12 is to prescribe the accounting treatment of income taxes. The principal issue in accounting for income taxes is how to account for the current and future tax consequences of the future recovery or settlement of the carrying amount of assets or liabilities that are recognised in an entity’s financial position and transactions and other events of the current period.
This training deals with the main principles of IAS 12 – Income taxes, the recognition and measurement for current as well as for deferred taxes, and the relevant exceptions. Furthermore, it also introduces the requirements of the IFRIC 23 – uncertainty over income tax treatments.
Preparers/Facilitators:
- Pantelis Pavlou - Director, Financial Accounting Advisory Services and member of the Central, Eastern, South-Eastern Europe & Central Asia (CESA) IFRS Desk
- Chara Constantinou - Assistant Manager, Financial Accounting Advisory Services
Contact Person:
Related Links:
Agenda
Learning Objectives
· Understand the requirements of IAS 12
· Determine its scope and exceptions
· Analyze accounting consequences of assets and liabilities in accordance with IAS 12
· Understand the principles of deferred tax positions
· Identify presentation and disclosure requirements
Training Contents
1. Introduction
2. Scope
3. Current Tax Principles
4. Deferred tax: Tax Base and Temporary Difference
5. Deferred tax: Recognition and Measurement
6. IFRIC 23 - Uncertain Tax Treatments
7. Presentation and disclosure
8. Resources