Canadian Publicly Accountable Enterprises (including all publicly listed companies) will adopt IFRS by 2011. IASeminars is therefore proud to offer the broadest and deepest range of IFRS courses available across Canada.
See below for the complete list of topics we offer, or view our courses in:
To view all IASeminars courses in date order, click
here and select your filtering options.
As well as our regular public courses in Canada, IASeminars also offers tailored in-company training to be delivered at a time and place of the clients' choice - see details of our
IFRS in-company training service.
IASeminars works closely with several major Canadian accounting institutes in ensuring that IFRS content is a relevant and valuable part of ongoing professional education programmes. CGA Canada, CMA Canada, and ICA of Alberta are some of the IASeminars Professional Affiliation Partners in Canada, and our courses meet the requirements for continuing professional development of those institutes and others - see our Accreditation page.
IASeminars has created a special 3-day intensive course on
Course 1550- IFRS Transition for Canadian Corporations to help with the move to IFRS. This important course includes a review of IFRS 1 (First-time Adoption of International Financial Reporting Standards) and also of major IFRS / Canadian GAAP differences, as well as an illustrative case study.
IASeminars is working with Deloitte and the Institute of Chartered Accountants of Alberta to provide detailed technical training on IFRS issues of interest to the
Canadian Oil & Gas sector.
IASeminars is working with
PricewaterhouseCoopers LLP to provide training on a number of topics, including the complex issues arising from
IFRS and US GAAP Accounting for Derivatives and Hedging.
All Courses in Canada
See list by topic below, or for a chronological listing, click
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1000: IFRS Immersion Workshop (8-day course)
This eight-day IFRS immersion workshop focuses on all significant IFRS requirements, with detailed explanations and examples presented by two expert instructors. The programme includes the latest pronouncements, and participants will be brought up-to-date on all IFRS topics. Important Note: This course is officially accredited for Continuing Professional Development (CPD) purposes by CIMA, the Chartered Institute of Management Accountants, which is the voice of over 158,000 students and members in 161 countries.
Through the use of case studies, exercises, and SIC & IFRIC Interpretations, the workshop covers: A brief history of IFRS | The GAAP hierarchy (explanation & application) | Balance sheet format and contents | Income statement presentation and specific disclosures (earnings per share, segment reporting, discontinued operations, related parties, accounting policies, discontinued operations) | Cash flow statements | Statement of shareholders’ equity (including presentation alternatives) | Interim reporting | Recognition and measurement of assets (property, plant & equipment, intangible assets, inventories, investment property) including the accounting treatment of impairment and assets held for sale | Interest capitalisation | Accounting estimates and errors | Revenue recognition | Changes in accounting policy | Provisions/non-financial liabilities (including those for employee benefits) and other liabilities | Contingencies (identification & disclosure) | Share-based payment | Leases | Current and deferred taxes | Investments in associates and joint ventures | Business combinations and consolidated financial statements, including special purpose entities | Construction contracts | Financial instruments, including the treatment of derivatives & hedge accounting | Foreign currency transactions and financial statement translation | Events after the balance sheet date | Hyperinflation | Government grants | Reporting by employee benefit plans | First-time adoption of IFRS | Discussion of future developments (Exposure Drafts, Draft Interpretations, Discussion Papers, IASB & IFRIC projects and agenda, convergence plans with major national GAAPs).
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1010: IFRS Overview (4-day course)
This four-day course provides a detailed overview of the technical issues faced in producing IFRS financial statements. Delegates may also wish to consider the more expanded Course 1000: IFRS Immersion Workshop (8-day course).
The programme cover...
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1010: IFRS Overview (4-day course)
This four-day course provides a detailed overview of the technical issues faced in producing IFRS financial statements. Delegates may also wish to consider the more expanded Course 1000: IFRS Immersion Workshop (8-day course).
The programme covers, through the use of case studies and exercises: Income statement presentation and specific disclosures (revenue recognition, earnings per share, segment reporting, discontinued operations, related parties, accounting policies) | Cash flow statements | Recognition and measurement of assets (property, plant & equipment, intangible assets, inventories, investment property) including the accounting treatment of impairment and assets held for sale | Interest capitalisation | Accounting estimates and errors | Provisions/non-financial liabilities (including those for employee benefits) and other liabilities | Leases | Current and deferred taxes | Investments in associates and joint ventures | Business combinations and consolidated financial statements, including special purpose entities | Financial instruments, including the treatment of derivatives & hedge accounting | Foreign currency transactions and financial statement translation | Events after the balance sheet date | First-time adoption of IFRS | Brief comparisons with other major GAAP (e.g. US & UK GAAP) and discussion of future developments (Exposure Drafts, Draft Interpretations, Discussion Papers, IASB projects and agenda).
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1081: IFRS Technical Update 2009 (2-day course)
This two-day course brings delegates up-to-date with IFRSs and IFRICs that were issued, amended or become effective within 12 months, and presents information on other recent and impending pronouncements. Topics to be covered are finalised in the run...
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1081: IFRS Technical Update 2009 (2-day course)
This two-day course brings delegates up-to-date with IFRSs and IFRICs that were issued, amended or become effective within 12 months, and presents information on other recent and impending pronouncements. Topics to be covered are finalised in the run-up to the course in order to be as current as possible. The course covers the following new Standards, Interpretations and final Amendments to existing Standards (includes those effective 2009 or later): IFRS 8 Operating Segments (December 2006, effective January 2009) | Amendment to IAS 23 Borrowing Costs (March 2007, effective January 2009) | Revised IAS 1 Presentation of Financial Statements – comprehensive income (September 2007, effective January 2009) | Revised IFRS 3 Business Combinations (January 2008, effective July 2009 | Consequential amendments to IAS 27 Consolidated and Separate Financial Statements, IAS 28 Investments in Associates and IAS 31 Interests in Joint Ventures (January 2008, effective July 2009) | Revised IFRS 2 Share-based Payment (January 2008, effective January 2009) | Amendment to IAS 32 Financial Instruments: Presentation, relating to puttable instruments and obligations arising on liquidation (February 2008, effective January 2009) | Annual Improvements Project for 2007 - Amendments to 20 IFRSs (May 2008) | Amendment to IFRS 1 First-time Adoption of IFRS and IAS 27 Separate and Consolidated Financial Statements, relating to cost of an investment on first-time adoption (May 2008, effective January 2009) | IFRIC 15: Agreements for the Construction of Real Estate (July 2008, effective January 2009) | IFRIC 16: Hedges of a Net Investment in a Foreign Operation (July 2008, effective October 2008) | Amendment to IAS 39 Financial Instruments: Recognition and Measurement – Eligible Hedged Items (July 2008, effective July 2009) | Amendment to IAS 39 for Reclassification of Financial Assets (October 2008, effective July 2008) | Amendment to IFRS 7: Improving Disclosures about Financial Instruments (March 2009, effective January 2009) | IFRIC 17: Distribution of Non-cash Assets to Owners (November 2008, effective July 2009) | IFRIC 18: Transfers of Assets from Customers (January 2009, effective July 2009) | Amendments to IFRIC 9 and IAS 39: Embedded Derivatives on Reclassification (March 2009, effective June 2009).
The programme also includes a progress report on current Exposure Drafts, Discussion Papers and ongoing IASB projects. Our expert instructors provide an update on IFRIC deliberations, IASB future projects, and the status of US GAAP and other GAAP convergence projects.
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1100: Exam Preparation and Review Course - ICAEW IFRS Certificate
For those individuals who would like to demonstrate their competence in IFRS, or who are looking to enhance their career prospects in international accounting, the ICAEW IFRS Certificate provides independent and prestigious proof of the holder’s IFRS knowledge and understanding. IASeminars is proud to have been named as a Partner in Learning of the Institute of Chartered Accountants in England and Wales, working together to offer the ICAEW Certificate in International Financial Reporting Standards to our clients worldwide.
Technical preparation for the online assessment can be done using the official ICAEW self-study materials that are provided upon registration, and / or by attending an IASeminars live IFRS training course, which we offer in several formats lasting from 3 to 8 days.
To supplement a candidate's technical preparation for the ICAEW IFRS Certificate, IASeminars also offers this one-day exam preparation course, during which one of our expert IFRS instructors will review the content of the ICAEW IFRS Certificate programme in detail, giving explanations on how to use the open book reference materials, as well as practical tips and advice on exam technique. Candidates are recommended to take the ICAEW IFRS Certificate online assessment during that same day, and leave with their Certificate!
For those candidates opting to prepare for the ICAEW IFRS Certificate by attending an IASeminars live IFRS training course, they can choose to stay on for one more day after their IFRS course ends in order to take both this review course and the actual online assessment.
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1210: IFRS and US GAAP Accounting for Derivatives and Hedging (2-day course)
This two-day course provides a comprehensive view of the most important accounting and reporting requirements for derivatives and hedging activities under US GAAP (FAS 133) and IFRS (IAS 39 and IFRS 7). Course topics, presented through model journal entries, financial statement disclosures, case studies, and real-world examples, include: Reporting and control environment | Key players in the industry | Financial instruments used in hedging | Dangers of misusing derivatives | Importance of internal controls | Designing an effective hedge (identifying the hedged risk, selecting the hedging instrument, assessment of hedge effectiveness, documentation and disclosure) | Testing hedge effectiveness (critical terms analysis, statistical methods, cumulative dollar offset method, short-cut method) | Hedge accounting (purpose of hedge accounting, qualifying for hedge accounting, benefits and costs, alternatives to hedge accounting) | Hedge classification (fair value hedges of an existing asset or liability, firm commitments) (cash flow hedges of an existing asset or liability, forecasted transactions) | Applying hedge accounting (fair value hedge of an investment, fair value hedge of inventory, fair value hedge of a firm commitment, cash flow hedge of a forecasted transaction, accounting for hedge ineffectiveness, accounting for a discontinued hedge) | Interest rate swaps (economics of interest rate swaps, floating to fixed rate swaps, fixed to floating rate swaps, qualifying for the short-cut method, basis swaps) | Hedging interest rate risk (role of duration in hedging, interest rate futures and options, cash flow hedges of anticipated transactions, assessing hedge effectiveness, interest rate hedging strategies) | Foreign exchange hedges (fair value hedges of assets and liabilities, cash flow hedges of assets and liabilities, accounting for hedge ineffectiveness, foreign exchange hedging strategies, net investment hedges of foreign operations) | Embedded derivatives (definition, identifying and valuing hybrid instruments, 'clearly-and-closely related' criteria, determining if bifurcation is necessary, dominant economic component tests) | Required journal entries | Disclosures and notes to the financial statements | Comparisons between US GAAP and IFRS | Update on current developments in US GAAP and IFRS.
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1248: IFRS Business Combinations and Consolidations (3-day course)
This three-day interactive course provides delegates with a comprehensive understanding of IFRS 3 Business Combinations (including the January 2008 revisions) and IAS 27 Consolidated and Separate Financial Statements. In addition, the programme addresses the relevant aspects of IAS 28 Investments in Associates, IAS 31 Interests in Joint Ventures, and IAS 21 The Effects of Changes in Foreign Exchange Rates. Topics related to business combinations, presented through the use of practical examples, exercises, and case study, include: Application of the purchase method of accounting | Identifying the acquirer | Determining the cost of the acquisition (or consideration transferred) | Contingent consideration | Recognition and measurement of assets acquired and liabilities assumed | Restructuring provisions | Indemnification assets | Provisional initial accounting | Step acquisitions | Goodwill and impairment testing | Non-controlling (minority) interests | Significant amendments resulting from the revised IFRS 3 issued January 2008. Topics related to consolidations and preparation of group financial statements include: Consolidation requirements and methodology | Determining control | Accounting for non-controlling (minority) interests | Eliminating entries | Reporting dates and accounting policies | Consolidating special purpose entities | Consolidating investments in associates and equity method investments | Application of the proportional consolidation method | Consolidation effects relating to each type of joint venture | Consolidating foreign currency financial statements | Presentation and disclosure | Requirements relating to separate financial statements.
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1260: IFRS Accounting for Taxes, Provisions, Contingencies & Financial Liabilities (2-day course)
This two-day course provides a comprehensive review of IFRS requirements for recognition, measurement and disclosure of liabilities. Course topics, presented through the use of exercises, illustrative financial statements, and case studies, include: Provisions | Contingencies | Criteria for liability recognition | Identifying ‘obligating events’ | Determining probability and amount of payment | Present value | Dealing with risks and uncertainties | Commitments | Third-party reimbursements | Changes in contingent liabilities or provisions | Provisions for restructuring, including rules for restructuring associated with a business combination | Asset retirement obligations | Warranties and other sales-related obligations | Refunds and allowances | Events after the reporting period | Financial liabilities | Distinguishing debt from equity | Classification of compound instruments | Offsetting assets and liabilities | Off-balance sheet debt | Recognition and derecognition criteria | Disclosure of fair value and key assumptions | Revised IAS 32 Financial Instruments Puttable at Fair Value and Obligations Arising on Liquidation | Income taxes | Principles of the required balance sheet liability method | Determination of temporary differences and tax base | Recognition of current and deferred tax assets & liabilities | Exceptions to the recognition rules | Measurement issues | Specific tax-issue transactions (government grants, leases, pensions, share-based payment, asset revaluation, investment property, financial instruments) | Business combinations | Tax treatment in consolidated financial statements | Tax effects of intra-group transactions | Foreign currency tax issues | Tax presentation & disclosure requirements.
In addition, we will bring you up to date with the March 2009 IASB Exposure Draft: Income Tax (proposed replacement of IAS 12), the relevant requirements of IFRS 7 Financial Instruments: Disclosures, and the Exposure Draft of IAS 37 resulting from the Business Combinations project.
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1290: IFRS Asset Valuation & Impairment (2-day course)
This two-day course focuses on the specific measurement requirements for each type of asset, and the resulting impact on profit and loss. Course topics, presented through the use of exercises, illustrative financial statements, models, and case studies, include: Measurement bases | Fair value | Inventories | Property, plant & equipment | Leased assets | Intangible assets | Financial instruments | Investment property | Measurement requirements and alternatives for first-time adoption of IFRS | Measurement of assets acquired in a business combination | Non-current assets held for sale | Measurement of significant influence and joint venture assets | Impairment of assets | Asset valuation disclosures | IFRIC 10 Interim Financial Reporting and Impairment | IASB update.
Our expert instructors also explain the Discussion Paper prepared by the staff of the Canadian Accounting Standards Board relating to measurement on initial recognition. This paper evaluates possible measurement bases (historical cost, current cost, fair value, net realisable value, value in use and deprival value) against criteria derived from the IASB Framework, as well as covering developments in finance theory, present value and statistical probability principles, and measurement practices.
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1311: IFRS and US GAAP Revenue Recognition (2-day course)
This two-day course presents the information needed to navigate complex issues surrounding the recognition and measurement of revenue under both IFRS and US GAAP, an area closely scrutinised by regulators such as the SEC in the US and the Financial Reporting Review Panel in the UK. Utilising extensive examples and real-world case studies, the programme covers: IAS 18 =i:[Revenue] | IFRIC 13 =i:[Customer Loyalty Programmes] | IFRIC 15 =i:[Agreements for the Construction of Real Estate] | Relevant FASB requirements | SEC criteria for revenue recognition | Revenue with right of return | Delivery and 'substantial performance' | Multiple-element contracts | Gross versus net reporting (including presentation of taxes collected and remitted) | Round tripping | Barter transactions | Deferred payments (discounting) | Sale and repurchase agreements | Bill and hold sales | Vendor consideration given to a customer | Service provider consideration given to a manufacturer or reseller | Reimbursements for out-of-pocket expenses | Nonrefundable advance payments received | Effect of fair value measurement | Accounting for collaborative arrangements | Accounting for the sale of real estate subject to a buy-sell clause | Recent revenue recognition abuses.
The programme also includes the latest developments, including an update on the IASB-FASB joint project on revenue recognition and new changes to financial statement presentation.
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1400: Meeting IFRS Disclosure and Presentation Requirements (2-day Workshop)
This two-day course focuses on developing the skills to effectively comply with both current and upcoming IFRS disclosure requirements. Participants will learn about IFRS presentation and disclosure requirements in detail, including those most recently issued, as well as new rules that are anticipated in the near future. Illustrations and exercises are used throughout the programme to enhance and reinforce learning. Course topics include:
Presentation of the balance sheet/statement of financial position, income statement/statement of comprehensive income, cash flow statement/statement of cash flows and statement of changes in equity (revised IAS 1 Presentation of Financial Statements - statement of comprehensive income) | Disclosure of accounting policies and policies of financial risk management (IFRS 7 Financial Instruments: Disclosures) | Correction of errors and changes in estimates | Disclosure of critical accounting estimates and judgements | Interim financial reporting | Disclosures in respect of assets and liabilities: Property, plant & equipment, Intangibles, Impairment of assets, Financial assets and liabilities (including hedging, derivatives and requirements in accordance with IFRS 7) | Share capital (including Capital Disclosures required by IAS 1) | Employee benefits | Provisions, | Share-based payment| Income taxes | Specific topics such as First-time adoption of IFRS, Business combinations and consolidation, Segment reporting (IFRS 8), Earnings per share, Discontinued operations and non-current assets held for sale, Events after the reporting period, Related party disclosures, and Foreign currency | Expected future developments relating to presentation and disclosure.
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1405: IFRS Preparation of Cashflow Statements Under IAS 7
This one-day course is a guide through the technical issues involved in preparing and analysing the statement of cash flows under IFRS, with a comparison to US GAAP requirements. The programme is intended for both preparers and users of financial statements. The course covers, through the use of case studies and real-world financial statements: Purpose of the statement of cash flows | Reporting requirements and entity applicability | Format of the statement (operating, investing, financing sections) | Cash and cash equivalents (definition, policy requirements) | Treatment of bank overdrafts | Presentation methods (direct & indirect) | Gross and net cash flows (criteria and guidelines for netting) | Classifying cash flows | Allowable alternative treatments (dividends, interest, taxes) | Treatment of foreign currency cash flows | Non-cash investing and financing activities | Asset-related government grants | Cash flows from investments in subsidiaries, associates and joint ventures | Acquisitions and disposals of subsidiaries and other business units | Reporting discontinued operations cash flows | Interim cash flow reporting | Disclosure requirements.
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1550: IFRS Transition for Canadian Corporations (3-day course)
This three-day course is an expanded version of our Course 1500: IFRS First-time Adoption Workshop (2-day course) and is designed specifically for application to Canadian entities. The programme combines theoretical learning with practical information on application, thereby assisting participants in developing a strong understanding of the conceptual and technical issues involved in IFRS transition. Using real-world examples, case studies, model financial statements and checklists, this workshop enables delegates to understand the more complex issues facing first-time adopters. Topics include an overview of IFRS, highlighting the differences in structure and theory between IFRS and Canadian GAAP | Comparison of IFRS and Canadian GAAP in accounting for specific items, including: property, plant and equipment; borrowing costs; investment property; intangible assets; impairment; provisions and contingencies; asset retirement obligations; revenue recognition; related party disclosures; interim reporting; and income taxes | General principles of IFRS 1 First-time Adoption of International Financial Reporting Standards concerning recognition, measurement and the retrospective approach | Mandatory exceptions to the general principles including: Use of estimates; Derecognition of financial assets and financial liabilities; Hedge accounting; and Non-controlling interests | Strategies for the use of voluntary exemptions including: Business combinations; The use of fair value or revaluation as deemed cost; Employee benefits; Cumulative translation differences; Compound financial instruments; Investments in subsidiaries, jointly controlled entities and associates at deemed cost; Assets and liabilities of subsidiaries, jointly controlled entities and associates; Designation of previously recognised financial instruments; Share-based payment transactions; Insurance contracts; Decommissioning liabilities included in the cost of property, plant and equipment (IFRIC 1); Leases – rights of use (IFRIC 4); Fair value measurement of financial assets or financial liabilities at initial recognition; Service concession arrangements; and Borrowing costs | Presentation and disclosure requirements. Other specific issues include: Accounting policy selection, including review of available alternatives | Fair value measurements at the date of transition to IFRS | Impairment testing, with an emphasis on evaluation of goodwill | Requirements for the use of hedge accounting | Consolidation | Reporting liabilities (deferred tax, provisions, leases, pensions) | Press releases and interim reporting | Amendment to IFRS 1 First-time Adoption of IFRS and IAS 27 Separate and Consolidated Financial Statements, relating to cost of an investment on first-time adoption (May 2008, effective January 2009).
Course participants will also learn about planning and managing the IFRS transition process | Understanding the key considerations | Learning from the EU experience | The conversion process | and Practical considerations. This valuable programme includes discussion of real-world experiences in transitioning to IFRS and answers to implementation questions.
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1625: IFRS for the Oil & Gas Industry (3-day course)
This three-day course focuses on the specific accounting and reporting requirements that affect the international oil and gas industry. Topics covered by means of tutorials, practical examples and illustrations from published financial statements inc...
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1625: IFRS for the Oil & Gas Industry (3-day course)
This three-day course focuses on the specific accounting and reporting requirements that affect the international oil and gas industry. Topics covered by means of tutorials, practical examples and illustrations from published financial statements include: The distinctive features of the oil and gas industry | Summary of accounting issues in the industry | IASB extractive industries project | Exploration and evaluation (IFRS 6 Exploration for and Evaluation of Mineral Resources, full cost accounting, successful efforts accounting) | Property, plant and equipment | Impairment of assets | Decommissioning costs and site restoration | Joint ventures | Production sharing agreements, including internal accounting and external financial reporting issues | Reserves and other disclosures | Hedge accounting | Selecting and amending accounting policies | Comparison between IFRS and US and UK GAAP | Worked examples and opportunities for discussion.
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1626: IFRS for the Minerals and Mining Sector (3-day course)
This three-day course focuses on the accounting standards, corporate reporting and financial analyses that relate specifically to the minerals and mining sector. The programme details the minimum standards, recommendations and guidelines for public reporting of Exploration Results, Mineral Resources and Mineral Reserves as well as the minimum standards, recommendations and guidelines for the valuation of mineral assets. IFRS as well as US, UK and Canadian GAAP requirements are considered. Case studies, financial reports, and financial disclosures from real-world mining and mining exploration companies are used throughout the programme to enhance and reinforce learning. Topics covered by means of tutorials, practical examples and illustrations from published financial statements include: Distinctive features of the minerals and mining industry | Summary of accounting issues in the industry | IASB extractive industries project | Exploration and evaluation (IFRS 6 Exploration for and Evaluation of Mineral Resources, full cost accounting, successful efforts accounting) | Property, plant and equipment | Impairment of assets | Decommissioning costs and site restoration | Joint ventures | Production sharing agreements, including internal accounting and external financial reporting issues | Reserves and other disclosures | Hedge accounting | Selecting and amending accounting policies | Comparison between IFRS and US, UK and Canadian GAAP | Worked examples and opportunities for discussion| Corporate reports | Financial analysis.
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1629: Deloitte IFRS Workshop for Canadian Oil & Gas Entities (2-day course)
Led by Deloitte IFRS oil and gas experts, this two-day immersion workshop is specifically designed for Canadian oil and gas and other entities in the extractive industries which are transitioning to IFRS. Over the 16 hours spent in intensive professional training, delegates will gain an in-depth understanding of the critical issues involved in IFRS implementation. This will be achieved by undertaking mini case studies, by group discussions on real-world issues, and from the in-depth interactive sessions facilitated by Deloitte experts and designed to illustrate the most important conceptual and pragmatic issues.
Topics covered include: Retrospective accounting for opening balance sheet under IFRS 1 | Determining exploration and evaluation expenditures | Understanding concept of componentization for oil and gas property, plant and equipment | Determining depletion, depreciation and amortization | Identification of cash generating units and understanding this concept in more detail | Determining decommissioning liabilities and accounting for subsequent changes | Considerations when contemplating changing from full cost accounting to successful efforts | Practical considerations from planning for the IFRS conversion process to execution of the process.
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1650: IFRS for Manufacturing Industries (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on manufacturing companies. The programme includes case studies and financial statements that illustrate the real-world application of financial reporting requirements. Topics include: Presentation issues | Consolidation requirements | Treatment of variable interest and special purpose entities | Changes in accounting principle | Discontinued operations | Segment reporting | Long-lived assets | Asset retirement obligations | Held for sale assets | Capital and operating leases | Accounting for research and development | Other intangible assets | Indefinite-life intangible assets | Impairment indicators | Accounting for impairment | Inventory | Cost components (including interest capitalisation) | Valuation methods | Recoverable material | Logistics charges | Consumable production items | Tooling amortisation | Customer supplied inventory | Duties and license fees | Supplier rebates | Supplier price adjustments | Non-standard production activities | Indicators of impairment | Measuring and recognising impairment | Financial assets & liabilities | Categories of financial assets and accounting methodology by type | Derivatives | Hedge accounting | Treatment of equity method investments | Debt vs. equity identification and reporting | Provisions and contingencies | Allowance for bad debts | Warranties | Indemnification | Litigation and claims | Restructuring charges | Other provisions and contingencies | Revenue recognition issues | Allowances and discounts | Price protection | Right of return | Repurchase options | Marketing incentives | Shipping charges | Other current revenue issues | Employee compensation | Short-term compensation | Pension measurement, recognition and reporting | Other post-retirement benefits | Share-based payment | Acquisitions | Review of accounting for acquisitions | Overview of the new business combinations standard and impending changes | Recent and upcoming issues | Recently issued standards, interpretations and their impact on manufacturing companies | Proposed IFRS changes that will affect the manufacturing sector | IFRS-US GAAP convergence update | IASB projects and plans of interest to manufacturers.
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1660: IFRS for the Telecommunication Sector (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on telecommunication entities (telecoms). The programme includes case studies and financial statements that illustrate the real-world application of financial reporting requirements. Topics include: Internally generated software | Telecommunication licences | Construction cost of network (financing cost, site selection costs, network planning, dismantling and restoration costs) | Long-lived assets (component approach, start of depreciation, depreciation method and period) | Indefeasible rights of use and capacity arrangements | Impairment indicators in the telecom industry | Defining cash generating units | Calculating recoverable amounts | Valuation of handsets | Inventory versus marketing costs | Bundled (or multi-element) arrangements | Handset sales/Sales of modems | Prepaid revenue | Loyalty schemes/Free minutes | Principal-agent arrangements (agreements with content providers and other third parties) | Interconnect arrangements | Activation costs/Customer acquisition costs/Subscription fees | Recently issued standards, interpretations and their impact on telecommunication firms | Proposed IFRS changes that will affect the sector | IFRS-US GAAP convergence update | IASB projects and plans of interest to telecommunication entities.
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1691: International Accounting for Not-for-Profit Entities (3-day course)
This three-day course examines international financial reporting issues in detail and their effect on not-for-profit (non-profit) entities. The programme includes case studies and financial statements that illustrate the real-world application of financial reporting requirements. Topics include: Financial statement presentation and disclosure issues | Consolidation requirements | Financial statement requirements | Reporting by function and by nature | Temporarily restricted, permanently restricted and unrestricted assets | Discontinued operations | Commitments and contingencies | Grant disclosures | Cash and cash equivalents (components, policy, classification) | Receivables (membership, allowance for bad debts, contributions, other) | Inventory (cost components, valuation methods, accounting for impairment) | Long-lived assets (costs to capitalise, depreciation and useful lives, special treatment assets, held for sale assets, accounting for impairment, website development, capital and operating leases) | Financial assets and liabilities (categories of financial assets and accounting methodology by type, financial liability accounting, disclosures) | Revenue | Public support, (direct and indirect) | Contributions (pledges, donated materials and services, special events and membership dues) | Conditional promises to give | Other revenue (inventory sales, service fees, restriction releases, etc.) | Grants (recognition and measurement, non-monetary grants, restricted grants, grants related to assets – alternative presentation methods, repayment of government grants, low-interest rate loans and other government assistance) | Expenses | Program services | Fundraising (including gross vs. net presentation) | Membership development | Operations | Direct and indirect costs | Joint costs allocation | Indirect costs allocation (methods and rates) | Excess benefits transactions | Functional expense classification | Defining and documenting programmatic expenses | Employee compensation (short-term compensation , pension measurement, recognition and reporting, other post-retirement benefits, disclosures) | Recently issued standards, interpretations and their impact on not-for-profit entities | Proposed IFRS changes that will affect the non-profit sector | IFRS-US GAAP convergence update | IASB projects and plans of interest to non-profits entities | Fund accounting | Accounting for specific types of not-for-profit entities (churches, service clubs, libraries, museums, performing arts organizations, public broad casting systems) | Importance of budgets to not-for-profits | Analysing the financial health of not-for-profit entities | Differences between cash-based and accrual-based accounting.
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1700: IFRS for Electric Utilities (2-day course)
This two-day course examines in detail international accounting issues and their effect on electric utility companies. Topics, presented through the use of case studies, examples, exercises, and illustrative financial statements, include: Impact of f...
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1700: IFRS for Electric Utilities (2-day course)
This two-day course examines in detail international accounting issues and their effect on electric utility companies. Topics, presented through the use of case studies, examples, exercises, and illustrative financial statements, include: Impact of first-time adoption of IFRS | Recently issued standards, interpretations and their impact on electric utility companies | Proposed IFRS changes that will affect electric utility companies | Production sharing arrangements vs. concession rents | Property, plant and equipment | Borrowing costs | Intangible assets | Provisions, contingent liabilities and contingent assets | Impairment of assets | Asset retirement obligations | Transportation agreements | Customer acquisition costs | Long-term fuel purchase and sale contracts | Derivative treatment for energy contracts (including 'own use' exemption) | Tolling contracts | Emission rights trading | Service concession arrangements, rights of use and lease accounting | Revenue recognition issues | Business combinations and consolidation issues | Risk management via trading and hedge accounting | 'Stand alone' and 'embedded' derivatives | IFRS vs. US / Canadian GAAP.
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1710: IFRS for the Real Estate Sector (2-day course)
This two-day course examines international financial reporting issues with a more in-depth review of those that are specific to the real estate industry. Extensive use of case studies is made to explain learning material and to reinforce knowledge. ...
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1710: IFRS for the Real Estate Sector (2-day course)
This two-day course examines international financial reporting issues with a more in-depth review of those that are specific to the real estate industry. Extensive use of case studies is made to explain learning material and to reinforce knowledge. In addition to covering all significant IFRS, the course includes a more detailed review of the following topics most pertinent to real estate entities: IAS 11 =i:[Construction Contracts] | IAS 12 =i:[Income Taxes] | IAS 14 =i:[Segment Reporting], IFRS 8 =i:[Operating Segments] | IAS 16 =i:[Property, Plant and Equipment] (including cost , component approach, initiating depreciation, depreciation method and period, assets under development, cost model vs. revaluation model) | IAS 17 =i:[Leases] (including classification of leases, treatment by the lessor, lease incentives, service costs, contingent rents, sale and lease-back arrangements, derivatives embedded in lease agreements) | IAS 18 =i:[Revenue] | IAS 23 =i:[Borrowing Costs] | IAS 36 =i:[Impairment of Assets] | IAS 40 =i:[Investment Property] (including definition of investment property, initial measurement, directly attributable expenditures, cost model vs. revaluation model, determination of fair value, presentation of changes in fair value) | Overview of IFRS 1 =i:[First-time Adoption of International Financial Reporting Standards] | Consolidation, investments in associates and joint ventures (IAS 27, IAS 28 and IAS 31) | IFRIC Interpretation 15 =i:[Agreements for the Construction of Real Estate] | Detailed review of presentation of accounts under IFRS as recommended by EPRA including review of best practices recommended by EPRA | Review of model financial statements under IFRS | Review of IFRS financial statements of real estate entities.
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1752: IFRS for the Canadian Public Sector (2-day course)
This two-day course provides a detailed step-by-step guide through the technical issues faced in producing IFRS financial statements by public sector and Crown Corporation organizations. This programme complements Course 3200: Overview of International Public Sector Accounting Standards IPSAS (3-day course), and during this event, our expert instructors highlight the key differences between IFRS, Canadian GAAP and IPSAS. The programme covers, through the use of case studies and exercises: Income statement presentation and specific disclosures (revenue recognition, segment reporting, discontinued operations, related parties, accounting policies) | Cash flow statements | Recognition and measurement of assets (property, plant & equipment, Museum Assets, intangible assets, inventories, investment property) including the accounting treatment for revaluations, impairment and assets held for sale | Interest capitalisation (borrowing costs) | Accounting estimates and errors | Provisions/non-financial liabilities (including those for employee benefits) and other liabilities | Leases | Current and deferred taxes | Investments in associates and joint ventures | Consolidated financial statements | Special purpose entities (PFI, PPP) and service concession arrangements | Construction contracts | Financial instruments, including the treatment of derivatives & hedge accounting | Foreign currency transactions and financial statement translation | Events after the reporting period | First-time adoption of IFRS | Brief comparisons with other major CGAAP and discussion of future developments (Exposure Drafts, Draft Interpretations, Discussion Papers, IASB projects and agenda).
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1801: IFRS for the Insurance Industry (2-day course)
This two-day course provides a comprehensive view of the most important IFRS accounting and reporting requirements for insurance companies (life and non-life). Course topics, presented through the use of examples, case studies, and illustrative fina...
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1801: IFRS for the Insurance Industry (2-day course)
This two-day course provides a comprehensive view of the most important IFRS accounting and reporting requirements for insurance companies (life and non-life). Course topics, presented through the use of examples, case studies, and illustrative financial statements, include: Financial statement presentation issues | Valuation and reporting issues | Reinsurance reporting and disclosures | Derivatives and hedging | Cash flow reporting | Required journal entries | Notes to financial statements | Techniques for identifying and valuing embedded derivatives | Overview of IFRS 4 | Update on Phase II of the IASB’s Insurance Contracts project | Discussions of convergence and emerging accounting issues.
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1810: IASB Project on Insurance Contracts - Phase II
Participants on this course will be able to follow the discussions and debates at the IASB and elsewhere on the likely future accounting requirements for insurance contracts. They will gain an overview of the key topics surrounding the valuation of i...
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1810: IASB Project on Insurance Contracts - Phase II
Participants on this course will be able to follow the discussions and debates at the IASB and elsewhere on the likely future accounting requirements for insurance contracts. They will gain an overview of the key topics surrounding the valuation of insurance assets and liabilities, as well as an understanding of various critical concepts such as current exit value, current entry value, risk margins, stochastic valuation etc.... Course topics include: Participation rights | Measurement attributes for life and non-life liabilities | Policyholder participation rights | Estimating future cash flows and related assumptions | Risk margins and profit margins | Embedded derivatives | Unbundling of insurance contracts | Contractual cash flows that depend on policyholder behaviour | Acquisition costs | Gains on initial recognition | Reinsurance.
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2003: US GAAP Introduction (3-day course)
This three-day course provides a detailed overview of the technical issues faced in producing US GAAP financial statements. The programme covers, through the use of illustrative financial statements, case studies and exercises: Sources of US GAAP | G...
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2003: US GAAP Introduction (3-day course)
This three-day course provides a detailed overview of the technical issues faced in producing US GAAP financial statements. The programme covers, through the use of illustrative financial statements, case studies and exercises: Sources of US GAAP | GAAP hierarchy | Consolidated financial statement requirements, including special purpose entities and variable interest entities | Statement of financial position | Income statement | Discontinued operations | Changes in policies, accounting estimates and errors | Earnings per share | Comprehensive income | Cash flow statement | Statement of changes in equity | Revenue recognition (current FASB & SEC requirements) | Treatment of multiple deliverables | Service revenues | Current revenue issues | Inventory accounting | Business combinations (including an overview of the new standard FAS 141R) | Equity method accounting | Joint ventures | Equity investments | Intangible assets | Accounting for research and development | Impairment testing of goodwill | Long-lived assets | Capitalisation of interest | Asset retirement obligations | Assets held for sale | Nonmonetary transactions | Impairment of long-lived assets | Lease accounting (capital and operating) | Contingency accounting and disclosures | Restructuring provisions | Subsequent events | Short-term employee benefits | Pension cost measurement and presentation | Other post-employment benefits | Share-based payment | Financial assets (categories and accounting treatments) | The Fair Value Option | Financial liabilities | Discussion of future developments (Exposure Drafts, project agenda, update on the IASB-FASB convergence projects, global accounting convergence) | Researching US GAAP (including the impact of codification).
Note that participants are expected to have prior knowledge of basic accounting principles based on any national standards, and that they can expect to leave the course with a broad understanding of US GAAP and with the ability to understand financial statements prepared on that basis. Please note, however, that preparation of detailed US GAAP financial statements (including disclosures) is a complex requirement where further training may be needed.
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3110: Overview of Major IFRS and Canadian GAAP Differences (2-day course)
This two-day course provides an overview of IFRS with an emphasis on the current differences between Canadian GAAP and IFRS. Course topics are presented using real-world financial statements and extensive examples, and include the differences between IFRS and Canadian GAAP in: Conceptual framework | Financial statement presentation | Cash flow statements | Accounting policies, changes in accounting estimates and errors | Events after the balance sheet date | Segment disclosures | Interim reporting | Discontinued operations | Equity items | Earnings per share | Inventories | Property, plant and equipment | Borrowing costs | Intangible assets | Investment property | Impairment testing | Non-current assets held for sale | Liabilities | Employee benefits, including pensions | Provisions and contingencies | Leases | Share-based payment | Deferred taxes | Financial instruments | Financial assets and liabilities | Derivatives and hedging | Revenue recognition | Business combinations, including a recap of changes resulting from the new standard | Consolidations | Investments in associates | Interests in joint ventures.
Specific convergence issues are also covered in the programme and include: Prospects and timetable for the convergence of specific Canadian standards to the IFRS counterpart | Update on the AcSB’s Strategic Plan for the Direction of Accounting Standards | Current exposure drafts.
This course also provides information on sources for independent accounting research.
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6010: Séminaire d'immersion IFRS (4 jours)
Ce séminaire de 4 jours aborde de façon détaillée les difficultés techniques rencontrées lors de la préparation des états financiers selon les normes comptables IFRS. L’alternance entre les exemples théoriques et pratiques permet d’illustrer les thèm...
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6010: Séminaire d'immersion IFRS (4 jours)
Ce séminaire de 4 jours aborde de façon détaillée les difficultés techniques rencontrées lors de la préparation des états financiers selon les normes comptables IFRS. L’alternance entre les exemples théoriques et pratiques permet d’illustrer les thèmes traités à savoir : Compte de résultat - présentation et information financière obligatoire, reconnaissance du chiffre d’affaires, résultat par action, information sectorielle, activités en cours de cession ou d’abandon, parties liées, règles et méthodes comptables | Tableau des flux de trésorerie | Comptabilisation et évaluation des actifs (immobilisations corporelles, immobilisations incorporelles, stocks, immeubles de placement), comptabilisation et évaluation des actifs détenus en vue de la vente et activités abandonnées | Capitalisation des intérêts d’emprunt | Changement de méthode comptable, changement d’estimation et correction d’erreur | Comptabilisation et présentation des provisions (y compris provisions pour retraites) et autres obligations | Comptabilisation des contrats de location (financier et opérationnel) | Impôts courants et différés | Comptabilisation des participations dans des entreprises associées | Regroupements d’entreprises et préparation des comptes consolidés (y compris consolidation des entités ad hoc) | Instruments financiers | Comptabilisation des opérations de couverture | Conversion des opérations en monnaies étrangères | Événements postérieurs à la clôture | Première adoption des IFRS | Brève comparaison avec les autres référentiels comptables majeurs (normes françaises, US GAAP) et présentation des évolutions normatives et réglementaires attendues (exposé-sondages, agenda, actualité sur les projets de convergence IASB-FASB).
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6080: Actualités IFRS
Ce séminaire permet aux participants de prendre connaissance des nouvelles normes (IFRS), interprétations (IFRIC) ou amendement(s) apporté(s) aux normes existantes qui ont eu lieu au cours de l’année. Il présente également les projets, les normes en ...
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6080: Actualités IFRS
Ce séminaire permet aux participants de prendre connaissance des nouvelles normes (IFRS), interprétations (IFRIC) ou amendement(s) apporté(s) aux normes existantes qui ont eu lieu au cours de l’année. Il présente également les projets, les normes en cours de rédaction au niveau de l’IASB ainsi que les exposés-sondages qui entreront en vigueur dans un futur proche. Les sujets couverts seront finalisés dans les derniers jours avant le début du séminaire afin d'être le plus à jour possible. Les thèmes traités porteront sur les nouvelles normes ou amendements suivants: IFRIC 12 - Accord de concession de services (Décembre 2006, applicable dès Janvier 2008) | IFRS 8 - Secteurs opérationnels (Décembre 2006, applicable dès Janvier 2009) | IAS 23 - Coût des emprunts (Mars 2007, applicable dès Janvier 2009) | IFRIC 13 - Programmes de fidélisation des clients (Juin 2007, applicable dès Juillet 2009) | IFRIC 14 – IAS 19: Limitation de l’actif au titre des prestations définies, obligations de financement minimum et leur interaction (Juillet 2007, applicable dès Janvier 2008) | Amendement à IAS 1 - Présentation des états financiers: Information à fournir sur le capital (Septembre 2007, applicable dès Janvier 2009 | IFRS 3 (version révisée) - Regroupements d’entreprises (Janvier 2008, applicable dès Juillet 2009) | Amendements à IAS 27 – États financiers consolidés et individuels (Janvier 2008, applicable dès Janvier 2009) | Amendements à IAS 28 – Participations dans des entreprises associées et IAS 31 – Participations dans les coentreprises (Janvier 2008, applicable dès Juillet 2009) | Amendement à IFRS 2 – Paiement fondé sur des actions (Janvier 2008, applicable dès Janvier 2009) | Amendements à IAS 32 - Instruments financiers remboursables par anticipation à la juste valeur et obligations liées à la liquidation (Février 2008, applicable dès Janvier 2009).
Présentation des exposés-sondages qui inclut: les principales propositions d’amendements, le bien-fondé de ces propositions, les impacts induits par ces propositions. Nos instructeurs présentent également les décisions récentes arrêtées au niveau de l’IFRIC et les autres projets notamment la convergence vers un référentiel international commun.
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6550: Conversion aux normes IFRS: Application pratique pour entreprises canadiennes (3 jours)
Ce séminaire de 3 jours combine présentation théorique et utilisation de cas pratiques pour illustrer les impacts de l’application des normes IFRS ; ce qui permettra aux participants de développer à la fois leur compréhension du cadre conceptuel des normes IFRS et les difficultés techniques et pratiques liées à leur première adoption. L’alternance entre les exemples théoriques et pratiques permet d’illustrer les thèmes traités à savoir : Présentation des normes IFRS et des principales différences avec les PCGR du Canada, en ce qui concerne notamment : les actifs corporels, incorporels ; la mise en œuvre des tests de dépréciation des actifs, les provisions et passifs éventuels, l’information intérimaire, les impôts courants et différés | Les règles à suivre lors de la première adoption des normes IFRS telles qu’édictées par IFRS 1 | Les exceptions obligatoires prévues par IFRS 1| Les stratégies à utiliser lors de la sélection des exceptions optionnelles prévues par IFRS 1 | La sélection des principes | L’évaluation des éléments des états financiers à la juste valeur à la date de transition, y compris la valeur vénale, les flux nets actualisés | La préparation des premiers états financiers comparatifs en normes IFRS. Les participants au séminaire apprendront également comment gérer le processus de conversion aux normes IFRS notamment en ce qui concerne : La planification du projet | L’implication de l’ensemble de la société | La formation du personnel | L’implémentation du changement | La collecte des données | La gestion en parallèle de systèmes différents d’informations financières.
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