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- Exploring mandatory changes in 2016-2017 and many forthcoming developments in 2018 and beyond

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 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.

As the effective dates of IFRS 9 Financial Instruments, IFRS 15 Revenue and IFRS 16 Leasing draw near we are on the verge of seeing far reaching changes in the way many corporates report their financial results. We will review the key changes to be adopted and examine how early adopters of these standards have addressed their requirements and the impact they have had on their financial statements.

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:

• Review of progress on completing the conceptual framework
• Comprehensive review of the disclosure initiative
• Amendments to Standards which became mandatory for 2016 year ends
• New and amended standards and interpretations which become mandatory for 2017
• New standards becoming mandatory in 2018 and 2019, including in depth reviews of IFRS 9, IFRS 15 and IFRS 16
• Overview of progress on the new insurance standard
• Status of recent exposure drafts and in depth review of the more critic al ones
• Project updates on development areas including work of the IFRS Interpretations Committee
• Case studies to see how the changes work in practice

Your expert instructor has led numerous in-house and public course on IFRS 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
Or please call us at Tel: +65 6848 7791

The content and order of this programme is liable to change to reflect developments in the IASB’s work plan.

Day 1

Module 1: The IASB’s recent and forthcoming work programme

Module 2: Fundamentals

Module 3: Mandatory for 2016 Year Ends

• Mini case studies illustrating the application of these amendments

Module 4: IFRS 15 Revenue Recognition (effective 1 January 2018)

• Case studies in the application of the standard by different industries

Day 2

Module 5: Financial Instruments (effective 1 January 2018)

Module 6: IFRS 16 Leases (effective 1 January 2019)

• Case studies – identifying leases and leaser term. Application of lessee accounting for larger and longer-term leases

Module 7: Other Amendments to IFRS Effective in 2017 and 2018

• Mini case studies illustrating the application of these amendments

Day 3

Module 8: Insurance
High level review of the core requirements of the new insurance standard (or progress on its completion)

• Case studies
• Comparing key treatments under IFRS 17 with existing treatments for insurance liabilities found around the world

Module 9: 2017 Amendments to Standards and New Interpretations

Module 10: Round up of other forthcoming developments

• Mini case studies illustrating the application of proposed amendments

Module 11: Review and Conclusions
Recap of key learning points from the course and application to your work

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6848 7791

About Your Expert Trainer

Alan Mayo, Director, Maltway Ltd, UK

• 30 years’ most successful professional experience
• Co-founded the client training business of PwC London

Alan Mayo is an accounting and finance professional with 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 an Honours Degree in economics from Bristol University.

Testimonials

“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

“The course content was superb” – Chief accountant, Julius Berger

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

“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

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6848 7791

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

Participants shall have prior experience of the preparation, audit or analysis of financial statements. 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
Or please call us at Tel: +65 6848 7791

As the effective dates of IFRS 9 Financial Instruments, IFRS 15 Revenue and IFRS 16 Leasing draw near we are on the verge of seeing far reaching changes in the way many corporates report their financial results. We will review the key changes to be adopted and examine how early adopters of these standards have addressed their requirements and the impact they have had on their financial statements.

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 three-day course will cover critical and specific areas including:

• Review of progress on completing the conceptual framework
• Comprehensive review of the disclosure initiative
• Amendments to Standards which became mandatory for 2016 year ends
• New and amended standards and interpretations which become mandatory for 2017
• New standards becoming mandatory in 2018 and 2019, including in depth reviews of IFRS 9, IFRS 15 and IFRS 16
• Overview of progress on the new insurance standard
• Status of recent exposure drafts and in depth review of the more critic al ones
• Project updates on development areas including work of the IFRS Interpretations Committee
• Case studies to see how the changes work in practice

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 allows 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.

Certificate of Attendance
Upon the successful completion of this course, you will receive a Certificate of Attendance bearing the signatures from both the Trainer and the Organizer. This Certificate will testify your endeavour and serve towards your professional advancement.

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6848 7791

This event will be held at Novotel Kuala Lumpur City Centre, Malaysia.

We recommend our delegates to book the hotel rooms early as there are only limited rooms available at Corporate Rate. Kindly contact the following for reservation. Please quote IFRS Accounting Update 2017 organised by Neoedge when you book to enjoy the Corporate Rate.

Novotel Kuala Lumpur City Centre, Malaysia 

2 Jalan Kia Peng 50450,

Kuala Lumpur – MALAYSIA

Ron Lee

Events Manager

Tel: +60 (3) 2147 0888

Fax: +60 (3) 2147 0820

Email: h6324-sl5@accor.com; h6324@accor.com