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1030: IFRS Basics (2-day course)

This two-day course is an introduction to key technical issues involved in understanding and applying IFRS.

The programme topics, presented through the use of case studies and real-world examples, include:

• Financial statement presentation and specific disclosures... [read more]

  Dates Available	Course Location
  17 - 18 Aug 2010	London, United Kingdom	Description & Booking

Duration: 2 days

This two-day course is an introduction to key technical issues involved in understanding and applying IFRS.

The programme topics, presented through the use of case studies and real-world examples, include:

• Financial statement presentation and specific disclosures (operating segments, events after the reporting period, statement of cash flows, changes in accounting policies, changes in accounting estimates, correction of errors, and discontinued operations)
• Revenue recognition
• Recognition and measurement of assets (property, plant & equipment, intangible assets and inventories) including the accounting treatment of impairment and assets held for sale

• Provisions/non-financial liabilities (including employee benefits)
• Share-based payment
• Consolidated financial statements, including special purpose entities
• Financial instruments
• First-time adoption of IFRS
• Discussion of new developments.

			This IASeminars training course is an ideal part of your preparation for the IFRS Certificate offered by The Institute of Chartered Accountants in England and Wales (ICAEW).
			The American Institute of Certified Public Accountants has teamed up with IASeminars to offer CPAs and other financial professionals a comprehensive range of IFRS training solutions.

1035: IFRS Basics with US GAAP Comparison (3-day course)

This three-day interactive workshop is a step-by-step overview of the major technical issues involved in IFRS and the critical differences between IFRS and US GAAP. The programme is presented using financial statements, case studies, and extensive examples.

Special Phoenix... [read more]

Duration: 3 days

This three-day interactive workshop is a step-by-step overview of the major technical issues involved in IFRS and the critical differences between IFRS and US GAAP. The programme is presented using financial statements, case studies, and extensive examples.

Special Phoenix February 2010 promotion - deluxe accommodation and complimentary extras! Click here for more details.

Course topics include:

• Financial statement presentation and specific disclosures (segment reporting, events after the reporting period, statement of cash flows, related party disclosure, accounting policies/changes in estimates/errors, discontinued operations)
• Revenue recognition
• Recognition and measurement of assets (property, plant & equipment, borrowing costs, investment property and intangible assets) including the accounting treatment of impairment and assets held for sale.

• Provisions, contingencies and non-financial liabilities (including those for employee benefits)
• Share-based payment
• Foreign currency transactions
• Investments in associates and joint ventures
• Inventories
• Accounting for business combinations
• Consolidated financial statements, including special purpose entities
• Financial instruments, including the IFRS 7 disclosure requirements.

• First-time adoption of IFRS
• Comparison of the Conceptual Frameworks for IFRS and US GAAP
• Discussion of significant differences between IFRS and US GAAP
• Expected future developments (update on the IASB-FASB convergence project, status of global accounting convergence, Exposure Drafts, other IASB projects and work agenda).

			This IASeminars training course is an ideal part of your preparation for the IFRS Certificate offered by The Institute of Chartered Accountants in England and Wales (ICAEW).
			The American Institute of Certified Public Accountants has teamed up with IASeminars to offer CPAs and other financial professionals a comprehensive range of IFRS training solutions.

1041: IFRS for Small and Medium-Sized Entities - SME's (3-day course)

This three-day course examines the IASB requirements for applying IFRS for Small and Medium-Sized Entities (SMEs). The standard was published in July 2009 and was available for immediate adoption by jurisdictions.

Topics include:

• Scope
• Concepts and pervasive... [read more]

  Dates Available	Course Location
  23 - 25 Jun 2010	London, United Kingdom	Description & Booking
  01 - 03 Dec 2010	London, United Kingdom	Description & Booking

Duration: 3 days

This three-day course examines the IASB requirements for applying IFRS for Small and Medium-Sized Entities (SMEs). The standard was published in July 2009 and was available for immediate adoption by jurisdictions.

Topics include:

• Scope
• Concepts and pervasive principles
• Differences between full IFRS and IFRS for SMEs
• Presentation of financial statements: Illustrative financial statements and Disclosure checklist
• Statement of financial position
• Statement of comprehensive income and income statement
• Statement of changes in equity and statement of income and retained earnings
• Statement of cash flows

• Notes to the financial statements
• Consolidated and separate financial statements
• Accounting policies, estimates and errors
• Financial instruments
• Inventories
• Investments in associates and joint ventures
• Investment property
• Property, plant and equipment
• Intangible assets
• Business combinations and goodwill
• Leases
• Provisions and contingencies
• Liabilities and Equity
• Revenue
• Government grants
• Borrowing costs
• Share-based payment

• Impairment of assets
• Employee benefits
• Income tax
• Foreign currency translation
• Hyperinflation, Events after the end of the reporting period
• Related party disclosures,
• Specialised Activities
• Transition to the IFRS for SMEs

1082: IFRS Technical Update (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... [read more]

Duration: 2 days

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 amendments to existing Standards (includes those effective 2010 or later):

• 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)
• Amendments to IFRS 1 – Additional Exemptions for First-time Adopters (July 2009, effective January 2010)
• Amended IFRS 2 Share-based Payment – Group Cash-settled Transactions (June 2009, effective January 2010)
• Improvements to 12 IFRSs (April 2009, effective January 2010)
• Amendment to IAS 39 Financial Instruments: Recognition and Measurement – Eligible Hedged Items (July 2008, effective July 2009)
• IAS 24 – Related Party Transactions (November 2009, effective January 2011
• IFRS 9 Financial Instruments: Classification and Measurement (November 2009, effective 2013)
• 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)
• IFRIC 19: Extinguishing Financial Liabilities with Equity Instruments (November 2009, effective July 2010) )
• IFRS for Small and Medium-sized Entities (SMEs) (July 2009, effective when jurisdictions choose to adopt).

1100: ICAEW IFRS Certificate - Exam Preparation Course

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 (Certificate level Learning and Assessment Programme in International Financial Reporting... [read more]

Duration: 1 day

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 (Certificate level Learning and Assessment Programme in International Financial Reporting Standards) 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 IFRS Certificate 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.

1201: IFRS Financial Instruments Workshop (2-day course)
This two-day interactive workshop provides a thorough understanding of the practical application of IAS 39 Financial Instruments: Recognition and Measurement, IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures, and IFRS 9 Financial Instruments. Topics... [read more]

Duration: 2 days

This two-day interactive workshop provides a thorough understanding of the practical application of IAS 39 Financial Instruments: Recognition and Measurement, IAS 32 Financial Instruments: Presentation, IFRS 7 Financial Instruments: Disclosures, and IFRS 9 Financial Instruments. Topics include: Brief history, rationale, and scope of IAS 39 | Classification, reclassification and ‘tainting’ of financial instruments | The ‘fair value option’ | Recognition of financial instruments, including recognition criteria and trade date vs. settlement date accounting | Initial measurement of financial instruments, including treatment of transaction costs and ‘day one’ profit or loss | Subsequent measurement, including impairment and financial instruments denominated in a foreign currency | Computation of the effective interest rate | Practical application and live demonstration of the effective interest method under various scenarios | Application of the effective interest method after impairment | Derecognition of financial instruments | Derivatives and embedded derivatives | Overview of hedge accounting | Distinguishing between liabilities and equity, including compound financial instruments | Disclosure requirements under IFRS 7 | Considerations for first-time adopters of IFRS | Classification and measurement of financial assets under IFRS 9 | Exposure Drafts on derecognition of financial assets and impairment | Update on other current IASB activities regarding financial instruments

1208: IFRS 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 other financial instruments, including hedging activities under IFRS (IAS 39 and IFRS 7). Throughout the course, where relevant, we may refer to the key... [read more]

Duration: 2 days

This two-day course provides a comprehensive view of the most important accounting and reporting requirements for derivatives and other financial instruments, including hedging activities under IFRS (IAS 39 and IFRS 7). Throughout the course, where relevant, we may refer to the key differences between accounting for derivatives under IFRS and US GAAP and therefore to the areas where issues are likely to arise on conversion to IFRS. (Please note, however, that the course was not designed to even partly cover US GAAP accounting for derivatives including compliant hedge accounting). 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) | 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, 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, ‘closely related' criteria, determining if separation is necessary under IAS 39, dominant economic component tests, changes pursuant to recently issued IFRS 9) | Required journal entries | Disclosures and notes to the financial statements| Update on current developments in IFRS.

1215: IFRS Hedge Accounting Workshop (3-day course)
This comprehensive three day course provides an overview of the most common hedging strategies and their associated hedge accounting treatments. These strategies are explained in clear, simple language and illustrated with model examples.

The course is an interactive one in which the... [read more]

Duration: 3 days

This comprehensive three day course provides an overview of the most common hedging strategies and their associated hedge accounting treatments. These strategies are explained in clear, simple language and illustrated with model examples.

The course is an interactive one in which the attendees work through the various examples to gain an understanding of the valuations of both the hedged item for the designated risk being hedged and the hedging instrument.

The programme revisits designating an effective hedge, assessing and measuring hedge effectiveness. Full journal entries for all the model examples are provided and will be worked through to ensure a thorough understanding of the accounting entries.

The model examples include:

Common Foreign Exchange Hedging Strategies: Hedging a highly expected foreign sale or purchase with a forward | Hedging a highly expected foreign sale or purchase with a participation forward | Rollover hedging strategies | Hedging net investments with cross currency swaps | Hedging a firm commitment with a forward

Common Interest Rate Hedging Strategies: Hedging debt in its entirety | Hedging the benchmark rate | Fixed rate hedges and the small changes effect | Hedging with a swap and cross currency swap | Hedging a future issuance | Hedging with off-market derivatives | Hedging with a forward starting swap

Commodity Risk Issues and Strategies: Hedging with a future contract | Hedging with commodity swaps

1248: IFRS Business Combinations (M&A) 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... [read more]

Duration: 3 days

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.

1260: IFRS Liability Recognition & Measurement (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... [read more]

Duration: 2 days

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 current events, including: the March 2009 IASB Exposure Draft: Income Tax (proposed replacement of IAS 12) | relevant requirements of IFRS 7 Financial Instruments: Disclosures | the January 2010 IASB Exposure Draft: Measurement of Liabilities in IAS 37 | the June 2009 IASB Discussion Paper: Credit Risk in Liability Measurement | the IASB’s project to replace IAS 39.

1280: IFRS Accounting for Pensions, Other Employment Costs & Share-Based Payments (2-day course)
This two-day course includes comprehensive coverage of pension accounting, other employee benefits and share-based payments under IAS 19 and IFRS 2. IAS 19 topics, presented through the use of examples, cases, and illustrative financial statements, include: Treatment of short term... [read more]

Duration: 2 days

This two-day course includes comprehensive coverage of pension accounting, other employee benefits and share-based payments under IAS 19 and IFRS 2. IAS 19 topics, presented through the use of examples, cases, and illustrative financial statements, include: Treatment of short term employee benefits (wages, salaries, compensated absences, fringe benefits, benefits in kind, bonuses) | Termination benefits | Deferred compensation | Pension plans | Classification of pension plans | Accounting for defined benefit and defined contribution pension plans | State plans | Determining current pension expense and related assets and liabilities | Utilising the ‘corridor’ method to amortise actuarial gains & losses | Treatment of settlements and curtailments | Business combination recognition requirements | Other post-employment benefits | Disclosure requirements | Illustrative presentations | Methods available for first-time adopters | Brief comparisons to US GAAP and IFRS for SMEs. In addition we will bring you up-to-date with recent amendments to IAS 19 (the IASB’s project on post-employment benefits (including pensions) and IFRIC 14 IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction).

IFRS 2 is the standard on accounting for equity compensation such as share options and other share-based payment transactions. Related topics, presented via case studies, examples, and financial statements, include: Scope of IFRS 2 Share-based Payment | Accounting for share-based payments (including treatment of vesting conditions, modifications, cancellations and settlements) | Equity-settled share-based payment transactions | Cash-settled share-based payment transactions | Transactions with settlement alternatives | Measuring the fair value of equity instruments | Valuation techniques | Inputs to an option pricing model | Selection of an option pricing model (Black-Scholes, Monte Carlo, other models) | Disclosure requirements | Illustrative presentations | Transition and methods available to first-time adopters | Latest developments including: IFRIC 11 IFRS 2 – Group and Treasury Share Transactions | Amendment to IFRS 2 concerning amendments for vesting conditions and cancellations (January 2008, effective January 2009) | Exposure Draft: Proposed amendments to IFRS 2 and IFRIC 11– Group Cash-settled Share-based Payment Transactions | Brief comparison to US GAAP.

1290: IFRS Asset Measurement & 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... [read more]

Duration: 2 days

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.

1400: 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... [read more]

Duration: 2 days

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 judgments | Interim financial reporting | Revenue and construction contracts | Disclosures in respect of assets and liabilities: Property, plant & equipment, Intangibles, Impairment of assets, Inventories, Financial assets and liabilities (including hedging, derivatives and requirements in accordance with IFRS 7) | Share capital (including Capital Disclosures required by IAS 1) | Leases | Employee benefits | Provisions | Share-based payment| Income taxes | Specific topics such as First-time adoption of IFRS, Business combinations and consolidation, Operating segments (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.

			This IASeminars training course is an ideal part of your preparation for the IFRS Certificate offered by The Institute of Chartered Accountants in England and Wales (ICAEW).
			The American Institute of Certified Public Accountants has teamed up with IASeminars to offer CPAs and other financial professionals a comprehensive range of IFRS training solutions.

1500: IFRS Implementation Workshop (2-day course)
This two-day workshop provides a comprehensive guide to IFRS 1, First-time Adoption of International Financial Reporting Standards. Using real-world examples, case studies, model financial statements and checklists, this workshop enables delegates to understand the more complex issues... [read more]

Duration: 2 days

This two-day workshop provides a comprehensive guide to IFRS 1, First-time Adoption of International Financial Reporting Standards. 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. The course topics include: General principles of IFRS 1 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 July 2009).

Course participants will also learn about managing the IFRS transition process | Planning the project | Involving the whole business | Staff training | Implementing the changes | Collecting the data | Operating parallel reporting systems. This valuable programme includes discussion of real-world experiences in transitioning to IFRS and answers to implementation questions.

1570: IFRS Implementation for United States Corporations (3-day course)
This three-day course is an expanded version of Course 1500: IFRS First-time Adoption Workshop (2-day course) and is designed specifically for application to US entities. The programme combines theoretical learning with practical information on application, thereby assisting... [read more]

Duration: 3 days

This three-day course is an expanded version of Course 1500: IFRS First-time Adoption Workshop (2-day course) and is designed specifically for application to US 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 US first-time adopters.

Special Phoenix February 2010 promotion - deluxe accommodation and complimentary extras! Click here for more details.

Topics include an overview of IFRS, highlighting the differences in structure and theory between IFRS and US GAAP | Comparison of IFRS and US GAAP in accounting for specific items, including: property, plant and equipment; intangible assets; impairment; provisions and contingencies; 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 managing the IFRS transition process | Planning the project | Involving the whole business | Staff training | Implementing the changes | Collecting the data | Operating parallel reporting systems. This valuable programme includes discussion of real-world experiences in transitioning to IFRS and answers to implementation questions.

1625: IFRS for the Oil & Gas Sector (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... [read more]

Duration: 3 days

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 GAAP | Worked examples and opportunities for discussion.

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,... [read more]

Duration: 3 days

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.

1650: IFRS for the Manufacturing Sector (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:... [read more]

Duration: 2 days

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.

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... [read more]

Duration: 2 days

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.

1741: IFRS for Banks and Other Financial Institutions (3-day course)
This highly interactive three-day course explores international financial reporting practices for banks and other financial institutions through the use of case studies, exercises, model financial statements and break-out sessions. Topics include: Classification, recognition,... [read more]

Duration: 3 days

This highly interactive three-day course explores international financial reporting practices for banks and other financial institutions through the use of case studies, exercises, model financial statements and break-out sessions. Topics include: Classification, recognition, measurement, impairment, and derecognition of loans and other financial instruments under IAS 39 and IFRS 9 | Financial guarantees and loan commitments | Application of the effective interest method under various scenarios | Fair value option | Derivatives and embedded derivatives | Overview of cash flow, fair value, and portfolio (macro) hedging | Investment property and repossessed assets | Recognition of fee income | IFRS 7 Financial Instruments: Disclosures | Presentation of IFRS financial statements | Brief comparison of IFRS with other GAAP | Illustrative financial statements and disclosures.

In addition, using clear explanations, we will bring you up to date with the current issues and expected pronouncements that are particularly relevant to financial institutions.

1750: Introduction to IFRS for the Public Sector (3 day course)
This three-day course provides a detailed step-by-step guide through the technical issues faced in producing IFRS financial statements by public sector organisations. This programme complements Course 3200: Overview of International Public Sector Accounting Standards IPSAS (3-day... [read more]

Duration: 3 days

This three-day course provides a detailed step-by-step guide through the technical issues faced in producing IFRS financial statements by public sector organisations. 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 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, 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 GAAP (e.g. US & UK GAAP) and discussion of future developments (Exposure Drafts, Draft Interpretations, Discussion Papers, IASB projects and agenda).

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... [read more]

Duration: 2 days

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.

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... [read more]

Duration: 1 day

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.

1850: IFRS Executive Briefing
This one-day course gives executives, directors, investors, and other non-accountants a straightforward and practical introduction to the key issues and implications of IFRS for corporate financial statements. As the universe of companies reporting under IFRS expands, it has become... [read more]

Duration: 1 day

This one-day course gives executives, directors, investors, and other non-accountants a straightforward and practical introduction to the key issues and implications of IFRS for corporate financial statements. As the universe of companies reporting under IFRS expands, it has become critical for everyone, especially those who lack accounting expertise, to develop basic literacy in the essential principles of IFRS and differences and similarities between IFRS and the financial reporting concepts and principles with which they are more familiar. Topics, presented through the use of real-world examples and financial statements, include: Introduction to the IASB and IFRS | Basic IFRS principles | Organisational impact of the adoption of IFRS | IFRS from the creditor and investor perspectives - banks, shareholders, financial analysts and fund managers | Impact on distributable profits and ‘off-balance sheet’ arrangements | Effect on financial covenants, performance indicators and other analytical and valuation metrics | Current research on IFRS reporting in the European Union | Differential impacts of adopting IFRS across business sectors | Outlook for the future.

1865: Understanding IFRS Financial Statements (2-day course)
The ability to analyse and interpret financial statements is a core skill for many finance professionals. Financial statements provide essential information about the performance of a business and the quality of its management. Developing the ability to identify and focus on crucial... [read more]

Duration: 2 days

The ability to analyse and interpret financial statements is a core skill for many finance professionals. Financial statements provide essential information about the performance of a business and the quality of its management. Developing the ability to identify and focus on crucial issues is the goal. This two-day course provides delegates with the essential knowledge, tools and practice to develop their expertise in interpreting IFRS financial statements.

Course content, presented using case studies, examples, and illustrative financial statements, includes: Accounting fundamentals | Regulation | Statement of financial position | Statement of comprehensive income | Statement of cash flows | Financial analysis techniques using ratios | Analysis case study.

			This IASeminars training course is an ideal part of your preparation for the IFRS Certificate offered by The Institute of Chartered Accountants in England and Wales (ICAEW).
			The American Institute of Certified Public Accountants has teamed up with IASeminars to offer CPAs and other financial professionals a comprehensive range of IFRS training solutions.

2003: US GAAP Fundamentals (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 and exercises: Sources of US GAAP | GAAP Codification Consolidated financial statement... [read more]

Duration: 3 days

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 and exercises: Sources of US GAAP | GAAP Codification 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 ) | 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 | 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.

2081: US GAAP Technical Update (2-day course)
This two-day course offers participants the benefits of both a US GAAP technical update and a workshop on the FASB Accounting Standards Codification. The first day of the course comprises a technical update that brings delegates up-to-date with the changes to US GAAP that have been... [read more]

Duration: 2 days

This two-day course offers participants the benefits of both a US GAAP technical update and a workshop on the FASB Accounting Standards Codification. The first day of the course comprises a technical update that brings delegates up-to-date with the changes to US GAAP that have been issued, amended or became effective during the past 12 months and provides information on other recent and impending pronouncements. Included in the technical update is a progress report on current Exposure Drafts and ongoing projects. Topics to be covered are finalised in the run-up to the course in order to be as current as possible. Using examples and case studies for illustration, the technical update concisely covers recent and pending changes in US GAAP. Technical update topics include: Accounting for Financial Guarantee Insurance Contracts—an interpretation of FASB Statement No. 60 (FAS 163) | The Hierarchy of Generally Accepted Accounting Principles (FAS 162) | Disclosures about Derivative Instruments and Hedging Activities - an Amendment of FASB Statement 133 (FAS 161) | Noncontrolling Interests in Consolidated Financial Statements (FAS 160) | Business Combinations (FAS 141R) | The Fair Value Option for Financial Assets and Liabilities (FAS 159) | Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans (FAS 158) | Fair Value Measurements (FAS 157) | Accounting for Uncertainty in Income Taxes (FIN 48) | Exposure Drafts | Capital | Financial Instruments with Characteristics of Equity | Not for Profit Organizations: Goodwill and Other Intangible Assets Acquired in a Merger or Acquisition | Not for Profit Organizations: Mergers and Acquisitions | Earnings per Share | Conceptual Framework for Financial Reporting: The Objective of Financial Reporting and Qualitative Characteristics of Decision-Useful Financial Reporting Information | Conceptual Framework for Financial Reporting: The Reporting Entity | Reducing Complexity in Reporting Financial Instruments | Accounting for Hedging Activities | Disclosure of Certain Loss Contingencies | Accounting for Transfers of Financial Assets | Amendments to FASB Interpretation No. 46R | Current FASB Agenda – Major Joint Projects with IASB (Revenue Recognition, Liabilities and Equity, Financial Statement Presentation, Improved Conceptual Framework for Financial Reporting, Accounting for Leases, Income Taxes, Earnings per Share, Discontinued Operations, Emissions Trading Schemes, Financial Instruments) | Current FASB Agenda - Other Major Projects (Post-retirement Benefits, Fair Value Option Phase 2, Subsequent Events, Transfers of Financial Assets, Loan Loss Disclosure, Hedging, Not-for-Profit Mergers and Acquisitions, Going Concern, Contingency Disclosures, Acquired In-process Research and Development, Reconsideration of Interpretation 46(R) Consolidation of Variable Interest Entities) | EITF Activity (recently issued and pending) | FASB Staff Positions (recently issued and pending) | SEC developments | International convergence – current status and future prospects.

The second day of the programme is a workshop that focuses on developing the skills to effectively utilise the new FASB Accounting Standards Codification. Upon its implementation in July 2009 the Codification will become the single authoritative source of US GAAP for nongovernmental entities. Course participants will learn about the Codification in its present form, as well as expected developments and anticipated impacts relating to IFRS adoption. Real-world illustrations and hands-on practice are used to enhance and reinforce learning. Codification topics include: FASB Accounting Standards Codification | Brief background on Codification development and purpose | GAAP hierarchies and codification impact (US GAAP hierarchy, IFRS hierarchy, the impact of codification) | How the Codification works (current status, application under IFRS adoption) | Applying the Codification (examples using the Codification to research accounting topics) | Codification practice (problem solving applied to accounting issues).

2280: US GAAP Accounting for Pensions (2-day course)
This two-day course includes comprehensive coverage of accounting for pensions and other employee benefits under US GAAP. The standards covered in this course are FAS 87/88, FAS 106, FAS 112, FAS 132(R) and FAS 158.

The programme is presented using financial statements, case... [read more]

Duration: 2 days

This two-day course includes comprehensive coverage of accounting for pensions and other employee benefits under US GAAP. The standards covered in this course are FAS 87/88, FAS 106, FAS 112, FAS 132(R) and FAS 158.

The programme is presented using financial statements, case studies, and examples to illustrate application of the standards. Course topics include: Treatment of single-employer defined benefit pension plans | Key concepts (attribution, benefit obligations, actuarial assumptions, components of expense) | Return on plan assets and asset methods | Accounting concepts (gains and losses, plan amendments, substantive plans and commitments, balance sheet recognition) | Measurement date | Employers with two or more plans | Annuity contracts | Other contracts with insurance companies | Defined contribution plans | Multiemployer plans | Multiple-employer plans | Non-US pension plans | Business combinations | Curtailment/settlement accounting | Termination benefits | Postretirement benefits other than pensions | Postemployment benefits | Disclosures for pensions and other postretirement benefits | Effect of FAS 157 Fair Value Measurement.

Delegates are also brought up-to-date with recent amendments to the pension-related standards, i.e. FAS 158: Accounting for Defined Benefit Pension and Other Postretirement Plans - an Amendment of FASB Statements No. 87, 88, 106, and 132(R).