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IFRS Accounting Update

Hilton Trinidad and Conference Centre, Port of Spain,
3rd - 4th December 2018

IFRS Accounting Update

“Exploring mandatory changes by 2018 and many forthcoming developments in 2019 & beyond!”

This year has seen the mandatory adoption of IFRS 9 Financial Instruments and IFRS 15 Revenue. IFRS 16 Leasing is just around the corner for 2019. These changes will have far reaching consequences in the way many corporates report their financial results. We will review the statements of early adopters and the interims of those adopting this year to see how they have addressed the transition issues and analyse the impact the new Standards have had on their results.

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 c an future proof those decisions.

Specific areas covered include:

  • Reviewing the new parts of the finalized conceptual framework
  • Amendments to Standards which became mandatory for accounting periods on/after 1 January 2017
  • New and a mended standards and interpretations which become mandatory for 2018
  • New standards becoming mandatory in 2019 and beyond, including in depth review of IFRS 16 Leases
  • Overview of the new insurance standard IFRS 17
  • 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

Learn from world class expert

Alan Mayo, Director, Maltway Ltd, UK

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

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

Course Outline

Day 1

Module 1: Introductions

  • Context for the program
  • Recent changes and where these will be discussed in the course

Module 2: Fundamentals

  • Completion of the IASBs Conceptual Framework; key changes and their potential impact
  • Progress on the IASB’s disclosure initiative

Module 3: Looking back; effective periods beginning on / after 1 January 2017

  • Mini case studies illustrating the application of these amendments

Module 4: IFRS 15: Revenue from contracts with customers
Comprehensive review of the new Standard and how it is being applied by new adopters

  • Case studies to review principles of application and examine the disclosures made by new adopters

Module 5: IFRS 9: Financial instruments
Comprehensive review of the new Standard and how it is being applied by new adopters

  • Case studies to review principles of application and examine the disclosures made by new adopters

Day 2

Module 6: Other Amendments to IFRS (effective 1 January 2018)

  • Mini case studies illustrating the application of these amendments

Module 7: 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 8: Amendments to Standards and New Interpretations (effective 1 January 2019 and later)

Module 9: IFRS 17 Insurance contracts (effective 1 January 2021)
Due to the specialized nature of the application of this Standard we will only review this in summary

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

Module 10: Round up of 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 6282 7082

About Your Expert Trainer

Alan Mayo, Director, Maltway Ltd, UK

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 trainings in financial management, budget modelling, IFRS and analysis of financial statements. During this time he has worked in many countries.

He has global experience ranging from industries to financial services. His clients include major companies such as Shell, DuPont, Hewlett Packard, Petronas and Morgan Stanley as well as regulators, 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 its 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 for developing and delivering in-house training in financial reporting, budgeting, business valuation, 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.

For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

Anyone, who prepares or works with IFRS financial reports, or needs to update their knowledge of recent and forthcoming developments in IFRS, including but not limited to:

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

Participants shall have prior experience of the preparation, audit or analysis of financial statements. It is helpful if they are already 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 6282 7082

This two-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.

Your expert instructor has led numerous in-house and public course on 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.

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 the Facilitator and the Course Organizer. This Certificate will testify your endeavor 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 6282 7082

Knowledge Partner

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of Latin America, the Middle East, Asia, and Africa.

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Event Endorser

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For a copy of the FULL AGENDA, please send email to: hayat@neo-edge.com
Or please call us at Tel: +65 6282 7082

HILTON TRINIDAD AND CONFERENCE CENTRE

t: +1 868 624 3211
f: +1 868 625 9710
e-mail: reservations.trinidad@hilton.com
1B Lady Young Road, Belmont
Port of Spain
Trinidad, W.I

Kindly contact the hotel for guest room reservation ASAP as room availability is limited. Please quote IFRS Accounting Update organised by Neoedge to when you make reservation.


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