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IFRS Accounting Update 2016

Singapore,
3 - 5 August 2016

IFRS Accounting Update 2016

Exploring mandatory changes in 2016 and many forthcoming developments in 2017 and beyond!

2015 saw the culmination of a set of core projects undertaken by the IASB with the publication of IFRS 16 – Leasing. Together, with its new standard on revenue, IFRS 15 and completion of its work on financial instruments, IFRS 9, these Standards become mandatory over the next two-three years and will have far reaching consequences on reported results. Companies will need to carefully consider the impact of these new Standards and whether to utilize any of the optional transitional and other reliefs available to them. Furthermore, the IASB has continued to release improvements to other standards.

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.

Specific areas covered include:

  • Recap of key standards and principles to set the context for recent and prospective developments
  • New and revised standards and interpretations which were mandatory for 2015 year ends or which become mandatory for 2016 year ends
  • New and a mended standards and interpretations which become mandatory for 2017 and beyond
  • Status of recent exposure drafts and in depth review of the more critic al ones
  • Project up dates on development areas including work of the IFRS Interpretations Committee
  • What choices to make and where the difficulties and pitfalls lie in their application

Your expert instructor Alan Mayo has 30 years’ most successful professional experience, and is one of the founders of the client training business of Pw C London. He 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 a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com

Hayat
Telephone: +65 6557 9167
Twitter: @NeoedgeSG

Day 1

Module 1: IASB and its work programme

Module 2: Fundamentals, recap and update

Module 3: Non-current, non-financial assets and liabilities

Case studies: reviewing how past amendments to the forgoing Standards have impacted upon reported results

Module 4: Entity concepts

Case studies: reviewing how past amendments to the forgoing Standards have impacted upon reported results

Day 2

Module 5: IFRS 15 Revenue recognition

Case studies: the application of the standard

Module 6: IFRS 16 Leases

Case studies: application of lessee accounting for smaller, short-term leases and larger and longer-term leases

Day 3

Module 7: Financial Instruments

Case studies

  • classifying financial instruments
  • accounting for impairment of financial instruments, including accounts receivable, under IFRS 9

Module 8: Round up of other recent and forthcoming developments

Module 9: Review and conclusions

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com

Hayat
Telephone: +65 6557 9167
Twitter: @NeoedgeSG

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

2015 saw the culmination of a set of core projects undertaken by the IASB with the publication of IFRS 16 – Leasing. Together, with its new standard on revenue, IFRS 15 and completion of its work on financial instruments, IFRS 9, these Standards become mandatory over the next two-three years and will have far reaching consequences on reported results. Companies will need to carefully consider the impact of these new Standards and whether to utilize any of the optional transitional and other reliefs available to them. Furthermore, the IASB has continued to release improvements to other standards.

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.

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.

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)

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com

Hayat
Telephone: +65 6557 9167
Twitter: @NeoedgeSG

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.

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com

Hayat
Telephone: +65 6557 9167
Twitter: @NeoedgeSG

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.

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com

Hayat
Telephone: +65 6557 9167
Twitter: @NeoedgeSG

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


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