Event
Line Up

“Exploring mandatory changes in 2013 and many forthcoming developments in 2014 and beyond”

This three-day course is essential for anyone who is involved in financial reporting or the interpretation of financial statements under International Financial Reporting Standards (IFRS). It reviews key standards under IFRS with a focus on recently changed or changing IFRS’s and IFRIC’s. The course takes a comprehensive look at the recent developments, the impact they may have, the judgements required and how to implement them.

Specific areas covered include:

• Recap of key standards to set the context for recent and prospective developments
• New and revised standards and interpretations which were mandatory for 2013 year ends or which become mandatory for 2014 year ends
• New and amended standards and interpretations published 2013 and 2014 to the date of the course
• Status of recent exposure drafts and in depth review of the more critical ones
• Project updates on development areas including work of the IFRIC
• What choices to make and where the difficulties and pitfalls lie in their application

Your expert instructor has led numerous in-house and public course IFRS technical updates around the world with participation of companies and organisations such as Caterpillar, Deutsche Bank, Ericsson, Abu Dhabi Commercial Bank, Cap Gemini, Shell, Arab Bank, Petronas and many others.

For full agenda, please contact:
Eugene Azucena – Senior Marketing Manager
+65 6557 9185; eugene@neo-edge.com

2013 saw the mandatory application of several important new standards, and amendments to many others, including reporting other comprehensive income, post-employment benefit plans, accounting for controlled entities, joint arrangements and fair value measurement and disclosure.

The International Accounting Standards Board (IASB) has also been active developing its responses to the financial crisis and is close to finalising the remaining parts of IFRS 9. During 2014 we have already seen the release of two brand new IFRSs, IFRS 14 on Regulatory Deferral Accounts (of primary interest to first time adopters) and the long-awaited publication of IFRS 15 on Revenue From Contracts With Customers.

IFRS 15 will replace both IAS 18 and IAS 11 and while it is not mandatory until 2017 it will be applied retrospectively and companies with complex revenue arrangements need to understand and plan for the impact it may have on the timing and measurement of revenue in the run up to the mandatory application date.

Looking beyond the immediate changes there are many future developments, some of which are in advanced stages, others which are still at discussion stage. The outcomes of these proposals could have significant impacts upon the presentation, recognition or measurement of transactions and impact upon commercial decisions that you are taking now; you need to understand how these may impact you so that you can future proof those decisions.

This update is essential for practising accountants, auditors and users of financial statements who need to keep up to date with current and prospective developments in IFRS.

The course format includes presentations, workshop style exercises and case studies, discussions and reviews of published financial statements. Course material is regularly updated to ensure that it fully up to date.

Specific areas covered include:

• Recap of key standards to set the context for recent and prospective developments
• New and revised standards and interpretations which were mandatory for 2013 year ends or which become mandatory for 2014 year ends
• New and amended standards and interpretations published 2013 and 2014 to the date of the course
• Status of recent exposure drafts and in depth review of the more critical ones
• Project updates on development areas including work of the IFRIC
• What choices to make and where the difficulties and pitfalls lie in their application

Course format
The course format includes presentations on key aspects of the standards, interpretation and their revisions, small group exercises and longer workshop style case studies focusing on likely areas presenting application difficulty, group discussions and reviews of relevant financial statements prepared by early adopters.

Pre-course questionnaire
A pre-course questionnaire will be sent to you upon your registration which will allow you to raise your specific areas of interest. Alan will review and analyze these in advance and address them during the workshops, seeking to fully satisfy your learning needs.

For full agenda, please contact:
Eugene Azucena – Senior Marketing Manager
+65 6557 9185; eugene@neo-edge.com

DAY 1

Module 1: Introductions and IFRS Overview

Mandatory for 2013 year ends

Module 2: Accounting for subsidiaries, associates and joint arrangements

Case studies – impact on results and deals, including Special Purpose Entities arising from new control definitions and impact on results of moving from proportional consolidation to equity method (or vice versa)

Module 3: IFRS 13, Fair value measurement (effective 1 January 2013)

Module 4: IAS 19 (revised 2011) Employee benefits (effective 1 January 2013)Case study – interpreting disclosures relating to long term benefits. Impact on reported results of changes to the required interest rate on pension assets and removal of corridor option

DAY 2

Module 5: Round up of other changes mandatory for 2013 year endsCase studies to illustrate the presentation and disclosure relating to these changes

Module 6: Mandatory for 2014 year endsLater mandatory application

Module 7: IFRS 9 (2013), Financial instrumentsCase studies – comparing the impact on balance sheet and results of the categorisation and measurement of financial assets and financial liabilities under IAS 39 and IFRS 9 and the application of hedge accounting under IFRS 9

Module 8: IFRS 15 Revenue recognition

Case studies in the application of the standard

Module 9: Other changes

DAY 3

New and forthcoming Standards and other publications expected in 2014

Module 10: Developments in financial instruments

Case study – accounting for impairment of financial instruments, including accounts receivable, under IFRS 9

Module 11: Round up of key issues and progress on other projects in progress

Case studies – impact of accounting treatments proposed under the leasing exposure draft

Module 12: Review and conclusions

For full agenda, please contact:
Eugene Azucena – Senior Marketing Manager
+65 6557 9185; eugene@neo-edge.com

Led by a World-class IFRS Expert & Trainer

Alan Mayo is an accounting and finance professional with nearly thirty years’ experience. For over twenty years Alan has specialised in consulting and the delivery of in-house and public financial training delivering programmes in financial management, budget modelling, IFRS and analysis of financial statements. During this time he has worked across many sectors and in many countries.

He has global experience ranging from oil and gas to not-for-profit and financial services. He has run in house financial training for major companies such as Shell, DuPont, Hewlett Packard, Petronas, Morgan Stanley and Abu Dhabi Commercial Bank as well as regulators and government and non-profit organisations such as the UK’s Financial Reporting Council, UN Agencies and London Stock Exchange.

Alan started his career at PwC, where he worked for eight years in London in their audit and business advisory division and obtained his chartered accountancy qualification. Following a two-year secondment to their Paris office, Alan returned to the UK and co-founded the client training business for PwC in London. Here he was responsible for developing their successful technical update programme and leading a team responsible for developing and delivering in-house training programmes in financial reporting, budgeting, business valuation and modelling and shareholder value.

Alan now runs a successful financial training company based in the UK and splits his time between managing that business and instructing.

He is a Fellow of the Institute of Chartered Accountants in England and Wales and has a degree in economics from Bristol University.

Testimonials

“Alan’s knowledge of IFRS, his ability to help the trainee learn, his manner and professionalism are excellent.” (finance manager, Orlean Invest)

“The course content was superb!” (chief accountant, Julius Berger)

“The course has exceeded the expectation I had prior to the course. A new frontier of professional success has been established for me to leverage.” (IFRS consultant)

“Alan is very keen to present the subject with up-to-date information available and encourage healthy debates during the training sessions.” (Accountant Abu Dhabi Council for Economic Development)

Anyone, who prepares or works with IFRS financial reports, who needs to update their knowledge of recent and forthcoming developments in IFRS including:

• Heads of finance
• Senior accountants
• Finance staff
• Internal and external auditors
• Financial analysts

It is assumed that participant will already be familiar with the principles underlying IFRS and are likely to be working in organisations that have already adopted IFRS or are reporting under frameworks that have largely converged with it.

The Strategist Private Limited is an established publishing house and consultancy with its core strength rooted in Asia’s oil, gas, power and petrochemical industries. We have offices in Vancouver and Calgary, Canada to better serve our customers in the oil, gas, power, engineering, environmental and renewable energy industries.

Founded in 1993, Singapore-based The Strategist produces the EnergyAsia stable of publications. They include:

• EnergyAsia Daily on www.EnergyAsia.com
• EnergyAsia Report, monthly publication
• Renewables Report, monthly report focusing on climate change, solar power, wind power, hydro and biofuels.
• Energy Map of Singapore & Johor, Energy Map of China and many other maps

Contact: Admin@EnergyAsia.com

Worldoils is a company that combines the power of marketing as well as the in-house expertise for the Oil, Gas, Offshore and the Maritime industries. Worldoils’ web portal www.worldoils.com has become a truly central platform for visitors who need information regarding oil and gas products and services, research, training, conferences, news and events as well as a popular advertising base for providers of Oil, Gas, Marine and Offshore services. Worldoils has also launched the jobs system and a marketplace. In the recent months, Worldoils has strengthened its position as a fast developing central place for buying and selling of land rigs, offshore rigs, barge rigs and other oilfield and subsea equipment.

Live Trading News is constantly updated to bring you top market news from around the world. It is produced by dedicated staff in Hong Kong working with colleagues in Asia and the United States. We also handpick articles from the world’s top market blogs, money managers, financial experts and investment newsletters.

Live Trading news gives voice to our readers, providing access to the most savvy and experienced investors.

Our site is a free, online source for stock quotes and research. Live Trading News differs from other finance sites because we focus on what, when, and how. What to buy, when to buy it and how to trade it. We deliver opinion and analysis rather than just all news, written exclusively by other investors and traders who describe their personal approach to stock selection and portfolio management, rather than by journalists.

Live Trading News features the latest multimedia technologies from online digital magazines to searchable archives of news features and background information.

Hedge Connection was built on a foundation of industry experience and guided by the core principles of integrity, partnership and value. The platform represents the evolution from the traditional static database model to a robust, interactive marketing and networking tool. Unlike a static database, Hedge Connection members can actively reach out to each other within a LAMP compliant, password-protected environment. In addition, Hedge Connection offers live events throughout the year to encourage face-to-face meetings and networking opportunities.

Building a successful business is directly related to the people you know. At Hedge Connection, we provide a platform that gives clients the tools to start building important relationships.

http://www.hedgeconnection.com

OilVoice, established in 2002, has grown to be one of the industry’s most popular sources of news and jobs.

Read more: http://www.findingpetroleum.com/home/mediapartners.aspx#ixzz38LnOJZXw

Please contact us at enquiry@neo-edge.com or customer service hotline at +65 6557 9166 for details.

Novotel Kuala Lumpur City Centre
2 Jalan Kia Peng
50450 Kuala Lumpur
MALAYSIA

Hotel Reservations:
Telephone: +60 3 21470888
Fax: +60 3 21470820
Email: H6324@accor.com

Hotel Description: The centrally located Novotel Kuala Lumpur City Centre is ideal for either business or leisure. Strategically positioned within walking distance of the Kuala Lumpur Convention Centre as well as major shopping malls, Novotel Kuala Lumpur City Centre features 295 rooms and extensive conferencing facilities for up to 250 delegates. This great Kuala Lumpur hotel also boasts two tempting restaurants, a bar which serves drinks until late, a well equipped fitness centre, spa and outdoor swimming pool. (Source: AccorHotels.com)