Financial reporting > IFRS

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IFRS refresher

For those with familiarity with IFRS and are looking for more detail on some of the more involved accounting standards.

The regulatory framework under IFRS.
How to account for key balance sheet areas including: non-current assets (tangible and intangible, goodwill), investment property, liabilities and provisions and foreign exchange.
How to account for key income statement areas: revenue recognition, leasing, research and development, events after the balance sheet date.

Duration

1 day

Location

Bristol, London, Manchester

IFRS advanced topics

Knowledge of the new IFRS 16 leases framework plus an overview of the rationale for the accounting change.

Deferred tax.
Employee benefits (including pensions).
Share-based payments.
Business combinations.

Duration

Duration

Location

London

IFRS update – challenges risks and emerging issues

A practical and engaging update on IFRS 15 Revenue, IFRS 16 Leases and IFRS 9 Financial Instruments.

Overview of the regulatory framework.
Introduction to IFRS 15 Revenue.
Introduction to IFRS 16 Leases.
Introduction of IFRS 9 Financial Instruments.

Duration

Half day

Location

Bristol, London, Manchester

IFRS 16 Leases – managing the risks of first time adoption

Knowledge of the new IFRS 16 leases framework plus an overview of the rationale for the accounting change.

Rationale for the accounting change.
Overview of the new framework for leases.
Exemptions and when it is appropriate to use them.
The commercial impact of the changes and a discussion around how these need to be managed.
The exceptions for short-term and low-value leases.
The systems and process changes you will need to implement and when.

Duration

Half day

Location

Bristol, London, Manchester

IFRS 16 Embedded Leases - how to identify

This course takes you through the risks involved with leases under IFRS 16 from an accounting standpoint and also from a legal, commercial and contractual perspective.

What is a lease?
How to identify the key risks on embedded leases.
What is an 'identified asset'?
What does right to control the use of identified asset mean?
What is the accounting guidance for embedded leases?
How to deal with transition.

Duration

Half day

Location

London

IFRS 15 Revenue – the commercial impact

Be prepared for the adoption of IFRS 15 Revenue and learn the new 'five step' approach to recognising revenue.

The new “five step” approach to recognising revenue.
Multiple element arrangements.
Practical issues.
Transitional options and implications.

Duration

1 day

Location

Bristol, London, Manchester

IFRS 17 for general insurers

For those working in the general insurance industry, who would like a broader understanding of IFRS 17 insurance contracts.

What is an insurance contract.
The accounting model.
Premium allocation and variable fee approaches.
Interaction with IFRS 9.
Transitional choices and presentation.

Duration

Half day

Location

London

IFRS 17 for life insurers

For finance professionals working in the insurance industry, who would like a broader understanding of IFRS 17 insurance contracts.

What is an insurance contract ?
The accounting model.
Premium allocation and variable fee approaches.
Interaction with IFRS 9.

Duration

Half day

Location

London

IFRS 9 Financial Instruments – managing the risks of transition (financial institutions)

An introduction to IFRS 9 for professionals in financial institutions and how you can manage the risks of transition.

The background behind IFRS 9.
New recognition and measurement methods.
Understanding the business model approach.
Treatment of embedded derivatives.
Understanding expected loss versus incurred loss.
New hedge accounting guidelines.

Duration

1 day

Location

London

IFRS 9 demystifying hedge accounting

Understand the new requirements brought about by the new IFRS 9 financial instruments standard.

Mechanics of different types of hedges.
Hedged items and hedging instruments in IFRS 9.
Hedge accounting requirements.
Re-balancing and discontinuation.
Presentation and disclosure.

Duration

Half day

Location

London

IFRS current pitfalls and risks for auditors

A half-day course looking at common issues that have been identified with regard to IFRS and the risks that it throws up for auditors.

What are the common themes identified by QAD and AQR.
Common issues identified from technical helpline calls.
What can you do to ensure that you manage these risks effectively in the future.
New accounting standards – what are the key risks on each of these.

Duration

Half day

Location

London