Course level: Location: CPE / CPD: Overview Miami 16 hours Start date: 16 Dec 2013 Finish date: 17 Dec 2013 Start time: 09:00 Finish time: 18:00 Price: USD 2,600 Book this course Course introduction Continually changing disclosure requirements and disclosure requirements in new accounting standards make it important not only to comply with current and newly-enacted requirements, but to understand the upcoming changes that are likely to occur. Increasing scrutiny of your firm s reported footnotes by investors also offers an opportunity to enhance your company s investor relations strategy with thoughtfully prepared disclosures. This two-day workshop not only reviews the IFRS requirements and teaches the skills needed to prepare full and complete financial statements and footnotes, but also provides participants with insight into future changes. The program answers questions such as: What are the IFRS requirements relating to presentation and disclosures? In which areas are alternative presentations allowed? What are the most important issues to consider when preparing disclosures? How do the presentation and disclosure choices made affect investor perceptions? What are the upcoming changes in IFRS and when will they be effective? How might future disclosure practice change to reflect the IASB s proposed new Conceptual Framework and criticisms of current financial statement disclosures? Topics Understanding IFRS Disclosure and Presentation Requirements Printed from http://www.iaseminars.com/ on 22 Apr 2018 Page 1 of 5
IASB's philosophy Level of anticipated user understanding Operational Considerations Selecting alternatives Use of checklists Addressing apparent non-compliance Financial Statements and Related Disclosures Presentation of financial statements (IAS 1) Cash flow statements (IAS 7) Earnings per share (IAS 33) Policies, accounting errors and changes in estimates (IAS 8) Discontinued operations & non-current assets held for sale (IFRS 5) Events after the reporting period (IAS 10) Related party disclosures (IAS 24) Operating segments (IFRS 8) Interim financial reporting (IAS 34), including IFRIC 10 Revenue (IAS 18) Construction contracts (IAS 11) Agreements for construction of real estate (IFRIC 15) Government grants (IAS 20) Assets and Liabilities Property, plant & equipment (IAS 16) Borrowing costs (IAS 23) Intangible assets (IAS 38) Investment property (IAS 40) Impairment of assets (IAS 36) Inventories (IAS 2) Leases (IAS 17 including SIC-27 and IFRIC 4) Employee benefits (IAS 19) Provisions (IAS 37) Share-based payment (IFRS 2) Financial assets and liabilities (IAS 32) Financial instruments: disclosures (IFRS 7) Income Taxes Printed from http://www.iaseminars.com/ on 22 Apr 2018 Page 2 of 5
Income taxes (IAS 12) Foreign Currency Issues Effects of changes in foreign exchange rates (IAS 21) Business Combinations and Consolidations Business combinations (IFRS 3) Disclosure of interests in other entities (IFRS 12) Fair Value Measurement (IFRS 13) Transitioning to IFRSs First-time adoption of IFRS (IFRS 1) Expected Future Developments Relating to Presentation and Disclosure IASB's proposed guidance in revised Conceptual Framework Approach in current and proposed new standards Teaching method Group live instruction in a workshop format, cases, examples, group work, open discussions Description and explanation of IFRS requirements and preparation in clear and simple language Use of case studies and real-world examples to illustrate practical application of the requirements Interactive participation is encouraged All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials Prerequisites Understanding of basic accounting principles based on any national standard. No advance preparation is required for this course. Course benefits Apply the IFRS presentation and disclosure requirements to the preparation of fully compliant IFRS financial statements Specify the allowed alternatives in presentation of the key elements and demonstrate sound selection decisions in given scenarios Explain the merits of different presentation choices from the perspective of the IASB and investors Printed from http://www.iaseminars.com/ on 22 Apr 2018 Page 3 of 5
Prepare appropriate disclosures, applying the IFRS requirements Differentiate between the current presentation and disclosure requirements, those under the new and amended standards and those likely under future IFRS changes Testimonials See what past participants said about this course: IASeminars customer care staff was very helpful in getting the preferred course organized at short notice. Course content was very comprehensive and the instructor was very knowledgeable on the course topic and has an excellent teaching technique. Well done. Thank you. Ma. Lycoriza Kelly, Financial Accountant, Ascendant Group Limited IASeminars tends to have smaller class sizes which allows for more discussions and a comfortable class environment. CPE / CPD Accreditation NASBA IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. Field of study: Accounting ICAEW Partner in Learning IASeminars is proud to have been named as an ICAEW Partner in Learning, working together to offer the ICAEW IFRS Certificate to our clients worldwide. ICAEW (The Institute of Chartered Accountants in England and Wales) is a world leading professional membership organisation that promotes, develops and supports over 145,000 Printed from http://www.iaseminars.com/ on 22 Apr 2018 Page 4 of 5
chartered accountants worldwide. CPE certificates obtained from attending IASeminars courses are an ideal way for ICAEW members and others to demonstrate their continuing professional development, provided that the topic is relevant to their learning and development needs. Texas State Board of Public Accountancy IASeminars is registered with the Texas State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: 009689. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. Venue This event will be held at Miami Marriott Biscayne Bay. Detailed Joining Instructions are generally sent to all registered participants approximately one month before the event, which include exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided. Instructor(s) Bill Kemp Bill Kemp (UK) is IASeminars' Senior Instructor and a consultant specialising in International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) and the comparison of such standards with UK, US and Canadian Generally Accepted Accounting Principles (GAAP). He has delivered many public and inhouse training courses around the world to a diverse audience from sectors including government and non-profit, financial services, retail, real estate, oil & gas, telecoms, and IT. An experienced educator, he was formerly Managing Director of a major London financial training company. Bill's work also includes training and consulting on financial statement analysis and business valuation, and he teaches on the International Accounting MSc programme of the London School of Economics. He is a UK chartered accountant, and was educated at the Edinburgh Academy and at Oxford University. In House To bring this course in-house please contact us and we will be pleased to assist Printed from http://www.iaseminars.com/ on 22 Apr 2018 Page 5 of 5