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This one-day workshop provides a review of the IFRS requirements significant for corporate treasurers. It includes coverage of IFRSs, hands-on case studies, examples, exercises, and benefits from the interactive participation of the attendees. The program includes the latest pronouncements, and participants are brought up-to-date on all topics of the course. In addition, participants are provided with information to assist them in researching accounting issues and monitoring future changes.
This course is ideal for corporate treasurers at all levels within an organization who need to have knowledge of IFRSs.
Presented by an experienced IFRS instructor, this program gives participants the benefit of decades of IFRS experience. Delegates receive the opportunity to ask questions, receiving thorough answers to their individual questions from the presenters past experiences. Our specialist instructor explains the principles clearly and simply and provides real-world examples.
The program includes coverage of Standards with future applicability, Exposure Drafts and the IASBs future plans, giving participants up-to-the-minute information and providing an ability to foresee how anticipated and published changes may affect their organizations.
Understanding of basic accounting principles based on any national standards. No advance preparation is required for this course.
- Statement of cash flows (IAS 7)
- Classification of liabilities as current or non-current in the statement of financial positionet
- General rules of IAS 1
- Impact of financial covenants
- Financial instruments
- IAS 32’s definition of inancial instrument
- Increases in and reductions of capital
- Treasury shares
- Measurement principles of IAS 39
- Accounting treatment of stand-alone derivatives
- Application of the hedge accounting rules of IAS 39 when hedging against
- Interest rate risks
- Foreign exchange risks
- Other risks (e.g. commodity price risks)
- IFRS 7 risk disclosure requirements
- Credit risk
- Market risk (i.e. currency, interest rate and other price risk)
- Liquidity risk
- Defaults and breaches relating to loans payable
- Replacing IAS 39
- Introduction to IFRS 9
- IASBs projects on impairment and hedge accounting
- Leases (IAS 17)
- Operating leases
- Finance leases
- IASBs project on leases
- Overview of other relevant topics, in particular
- Pension accounting for treasurers (IAS 19)
- Capitalisation of borrowing costs (IAS 23)
- Understand the requirements of IAS 7 relating to statements of cash flows
- Understand the rules for classifying liabilities as current or non-current in the statement of financial position
- Apply the complex accounting requirements of IAS 39 and IFRS 9
- Apply the stringent requirements for hedge accounting
- Understand the risk disclosure requirements of IFRS 7
- Identify and account for the different types of hedges
- Differentiate between finance and operating leases and explain their accounting treatment
- Understand the basics of pension accounting
- Explain, when borrowing costs have to capitalized as part of the cost of an asset
- Discuss the latest developments and emerging accounting issues
- Live group instruction in a workshop format, cases, examples, group work, open discussions
- Description and explanation of IFRS technical requirements in clear and simple language
- Use of case studies, exercises, interpretations, and real-world financial statements to illustrate practical application of the standards
- Practical illustrations using model journal entries, model financial statement disclosures, case studies, and real-world examples
- Discussion of emerging accounting issues (e.g. IFRS 9 and current projects of the IASB)
- Interactive participation is encouraged
- All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials
Bring This Course In House
To bring this course in-house please contact us and we will be pleased to assist.
Continuing Professional Education (CPE)
All of our Zurich seminars take place in 4 star professional conference facilities, usually in city-centre downtown hotels like the Marriott, Sheraton or Hilton brands.
Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available.
Coffee and lunch will be provided.
This one-day seminar focuses on IFRS requirements, which are important for corporate treasurers. It concentrates on financial instruments accounting. However, other topics relevant for corporate treasurers, like leases and pension accounting are also discussed. The program includes the latest developments and is presented using case studies and exercises.
As a participant in the CFA Institute Approved-Provider Program, IASeminars has determined that this program qualifies for 40 credit hours. Please use promotion code "CFACPE" when booking, to ensure that CE credit for your participation will be automatically recorded in your CE Diary.