In addition to our other events around the world, IASeminars is now pleased to offer a range of technical IFRS & US GAAP training courses to our clients in Latin America. Such courses can be delivered in English, French, Spanish or Portuguese as required.
Starting with courses in
Sao Paulo, IASeminars is looking forward to being of service to clients in the region. Such clients are also welcome to join our courses in the
USA and
Canada, where we have an even wider range of topics on offer.
Please note that all of our course topics can also be delivered on an in-house basis at a location of your choosing - please contact us for more information and to discuss your exact training requirements.
All Public Courses in Latin America
Quick links
Detailed links
1010: IFRS Fundamentals (4-day course)
This four-day course provides a detailed overview of the major technical issues encountered when producing IFRS-compliant financial statements. Delegates may also wish to consider Course 1000: IFRS Immersion Workshop (8-day course) which covers...
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1010: IFRS Fundamentals (4-day course)
This four-day course provides a detailed overview of the major technical issues encountered when producing IFRS-compliant financial statements. Delegates may also wish to consider Course 1000: IFRS Immersion Workshop (8-day course) which covers all IFRSs in a greater degree of detail and with additional examples.
The programme covers, through the use of case studies and exercises:
- Statement of comprehensive income - presentation and specific disclosures (revenue recognition, earnings per share, segment reporting, discontinued operations, related parties, accounting policies)
- Statement of cash flows
- Recognition and measurement of assets (property, plant & equipment, intangible assets, inventories, investment property) including the accounting treatment of impairment and assets held for sale
- Capitalisation of borrowing costs
- Accounting estimates and errors
Also included are discussions of:
- Provisions/non-financial liabilities (including those for employee benefits) and other liabilities
- Leases
- Income taxes current and deferred
- 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 reporting period
Further topics in the course are:
- First-time adoption of IFRS
- Brief comparisons with other major GAAP (e.g. US GAAP) and discussion of future developments (Exposure Drafts, Draft Interpretations, Discussion Papers, IASB projects and agenda).
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| |  | | This programme is eligible for 32 Continuing Education credit hours, as granted by the CFA Institute. Please use the promotional code "CFACPE" when booking this course to ensure that appropriate credit is recorded in your CFA Institute CE Diary. | |
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| |  | | 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). | |
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| |  | | 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. | |
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1015: IFRS Fundamentals with US GAAP Comparison (5-day course)
This five-day interactive workshop examines in detail the technical issues involved in IFRS and summarises the critical differences between IFRS and US GAAP. The programme is presented using financial statements, case studies, and extensive examples.
Course topics include:
- Financial statement presentation and specific disclosures (segment reporting, events after the reporting period, cash flow statement, related party disclosures, 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
Also included are discussions of:
- Contingencies and non-financial liabilities (including those for employee benefits)
- Leases
- Share-based payment
- Foreign currency transactions and financial statement translation
- 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
Further topics in the course are:
- First-time adoption of IFRS
- Comparison of the Conceptual Frameworks for IFRS and US GAAP
- Discussion of significant differences between IFRS and US GAAP in each topical area
- Expected future developments (update on the IASB-FASB convergence project, status of global accounting convergence, Exposure Drafts, other IASB projects and work agenda).
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CFA Institute has approved this program, offered by IASeminars, for 35 credit hours. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary when you use promotion code "CFACPE" during booking. | |
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| | | | 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). | |
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| | | | 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. | |
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1025: Major IFRS and US GAAP Differences (2-day course)
This two-day workshop provides an in-depth review and illustration of the critical differences between US GAAP and IFRS.
Course topics, presented using real-world financial statements and extensive examples, include the differences between IFRS and US 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 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 between IFRS and US GAAP
- Short term convergence topics
- IASB and FASB joint projects (financial statement presentation, revenue recognition, accounting for leases, income taxes, conceptual framework, etc.)
- Convergence-related exposure drafts.
The course also provides information on sources for independent accounting research.
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| | | | This programme is eligible for 16 Continuing Education credit hours, as granted by the CFA Institute. Please use the promotional code "CFACPE" when booking this course to ensure that appropriate credit is recorded in your CFA Institute CE Diary. | |
| | | | | |
| | | | 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. | |
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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. Delegates may also wish to consider
Course 1500: IFRS Implementation Workshop (2-day course).
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
Also included are discussions of:
- 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
Further topics in the course are:
- 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
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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 t...
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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 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).
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: 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 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.
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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 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
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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 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.
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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 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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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 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.
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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
Revenue | IFRIC 13
Customer Loyalty Programmes | IFRIC 15
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: 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 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.
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| | | | 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). | |
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| | | | 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. | |
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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 t...
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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 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.
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1600: Oil & Gas Accounting Fundamentals (3-day course)
This three-day course focuses on the accounting standards, corporate reporting and financial analyses that relate specifically to the oil and gas industry. Both IFRS and US/Canadian GAAP requirements will be considered. Case studies, financial reports, and financial disclosures from real-world oil and gas companies will be used throughout the programme to enhance and reinforce learning. Course topics include: Fundamental concepts underlying the two basic sets of oil and gas accounting methods - Successful Efforts and Full Cost | IFRS 6: Exploration for and Evaluation of Mineral Resources | Oil and gas accounting case including: non-drilling exploration costs, drilling exploration costs, development costs, production, depreciation, depletion and amortisation | Dismantlement, restoration and abandonment ('asset retirement obligations') | Capitalisation of interest costs | Asset impairment | Environmental accounting and disclosures | Update on the IASB's project for extractive industries | Corporate reports (including Annual Reports, Forms 10-K, 20-F, 10-Q, 6-K, 8-K, and more) | Key information provided in each report and where to find it | Report formats | Financial Analysis Part I: Traditional financial analysis of oil and gas firms | Liquidity measures | Profitability measures | Risk measures | Hands-on financial statement analysis case study using data from oil and gas companies | Financial Analysis Part II: Analyses of Exploration and Production Activities | Disclosure requirements relating to oil and gas producing activities such as proved oil and gas reserve quantities, and costs incurred for property acquisition, exploration & development activities | The standardised measure of discounted future net cash flows ('PV10') | Where to find key data relating to firms' exploration and production activities | Financial and operational metrics used to specifically assess an oil and gas company's exploration and production business | Hands-on financial statement analysis case using data from oil and gas companies: Calculate and interpret various industry metrics used to assess an oil and gas company's exploration and production business performance such as finding costs and reserve value-added-to-spending ratios.
Practical examples and illustrative financial statements are used throughout the course.
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1605: IFRS for the Oil & Gas Sector (2-day course)
This two-day course focuses on the specific accounting and reporting requirements for extractive industries (Oil & Gas). Topics, presented through the use of practical examples and illustrative financial statements, include: IFRS 6 Exploration for an...
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1605: IFRS for the Oil & Gas Sector (2-day course)
This two-day course focuses on the specific accounting and reporting requirements for extractive industries (Oil & Gas). Topics, presented through the use of practical examples and illustrative financial statements, include: IFRS 6 Exploration for and Evaluation of Mineral Resources | Cost elements of exploration and evaluation assets | Initial and subsequent measurement of exploration and evaluation assets | Changes in accounting policies | Classification of assets as property, plant and equipment vs. intangible | Disclosure requirements | Transitional provisions | IAS 16 Property, Plant and Equipment | Provisions for dismantling and restoration costs | IAS 36 Impairment of Assets | IAS 38 Intangible Assets | Depreciation and amortisation rules | Update on the IASB’s project for extractive industries | Overview of US/Canadian GAAP guidance for extractive industries | Hedge accounting | Practical examples and illustrative financial statements.
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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, 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.
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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 Codificati...
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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 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.
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