CIMA Courses & Conferences

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1600: IFRS and US GAAP Fundamentals of Oil and Gas Accounting (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 GAAP requirements wil... [read more]

1600: IFRS and US GAAP Fundamentals of Oil and Gas Accounting (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 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: nondrilling 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. [hide]

1605: IFRS Accounting for Extractive (Oil & Gas, Mining) Industries (2-day course)
This two-day course focuses on the specific accounting and reporting requirements for extractive industries (oil, gas, and mining). Topics, presented through the use of practical examples and il... [read more]

1605: IFRS Accounting for Extractive (Oil & Gas, Mining) Industries (2-day course)
This two-day course focuses on the specific accounting and reporting requirements for extractive industries (oil, gas, and mining). 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 GAAP guidance for extractive industries | Hedge accounting | Practical examples and illustrative financial statements. [hide]

1610: IFRS Oil & Gas Accounting Workshop
This one-day hands-on workshop focuses on exploring and explaining in greater depth the accounting and reporting requirements for the oil and gas industry that are introduced in Course 1605 IFRS... [read more]

1610: IFRS Oil & Gas Accounting Workshop
This one-day hands-on workshop focuses on exploring and explaining in greater depth the accounting and reporting requirements for the oil and gas industry that are introduced in Course 1605 IFRS Accounting for Extractive (Oil & Gas, Mining) Industries (2-day course). Topics include: IFRS 6 – Implementation issues | Impairment (worked example, review of published disclosures) | Site rehabilitation and environmental costs (worked example, review of published disclosures) | Changes in accounting policies (discussion of issues, review of published disclosures) | Disclosures (financial disclosures, reserve quantities, qualitative disclosures) | Joint ventures (discussion of accounting and governance issues, worked examples, audits, Exposure Draft on Joint Venture Arrangements) | Production sharing agreements (discussion of the nature of PSAs, accounting issues regarding PSAs). [hide]

1615: Mgt. Accounting and Production Sharing Agreements for the Oil & Gas Industry
This one-day course focuses on the management accounting and reporting issues facing companies in the international oil and gas industry, both generally and with particular reference to the cond... [read more]

1615: Mgt. Accounting and Production Sharing Agreements for the Oil & Gas Industry
This one-day course focuses on the management accounting and reporting issues facing companies in the international oil and gas industry, both generally and with particular reference to the conduct of operations under production sharing agreements. Course topics, presented using numerous worked examples, include: Characteristic features of the oil and gas industry (scale of operations, nature and timing of cash flows, risks, determination of success) | Accounting issues in the oil and gas industry (capitalisation vs. expense, exploration costs, depreciation, impairment, site restoration costs, revenue recognition, reserve quantities) | Management accounting issues (relationship of management accounting to external financial reporting, selection of management accounting policies, identifying the audience(s) for management accounting information, creating a chart of accounts, selecting cost centres, selecting cost elements, expenditure reporting vs. commitment reporting, reporting expenses, reporting capital expenditures) | Management accounting procedures (detail of reporting, frequency of reporting, overhead allocation, responsibility accounting, introduction to joint venture accounting issues) | Production sharing agreements (nature of production sharing agreements, comparison with other risk sharing arrangements, typical provisions of a PSA) | Accounting and reporting under production sharing agreements (typical provisions of PSA accounting procedures, allowable and non-allowable expenditure, cost recovery, profit oil and gas, ownership of assets, non financial information and reporting) | Reconciliation issues (between external financial reporting and internal management accounts, between internal management accounting and PSA accounts, treatment of tax, treatment of activities outside the scope of PSA, audit, benefits of convergence). [hide]

1620: IFRS and US GAAP Joint Venture Accounting for the Oil & Gas Industry
The purpose of this one-day course is to provide an introduction to both the external and internal accounting issues confronting participants in oil and gas joint ventures. Course topics, presen... [read more]

1620: IFRS and US GAAP Joint Venture Accounting for the Oil & Gas Industry
The purpose of this one-day course is to provide an introduction to both the external and internal accounting issues confronting participants in oil and gas joint ventures. Course topics, presented using numerous worked examples, include: Characteristic features of the oil and gas industry (scale of operations, nature and timing of cash flows, risks, determination of success) | The nature of joint ventures and reasons why oil and gas companies participate in them | Typical provisions of joint venture agreements | IAS 31 Interests in Joint Ventures | US and UK GAAP requirements regarding joint ventures | Relationship between operator and non-operator participants | The financing of joint ventures (billing statements and cash flow reporting) | Reporting of expenditures | Budgets and approvals | Cost allocation methods and issues | Revenue recognition and over & under-lifting | Unitisations and adjustment of interests | Audits | Overview of the IASB Joint Arrangements exposure draft. [hide]

1650: IFRS for Manufacturing Industries (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on manufacturing companies. The programme includes case studies and financial statements that ill... [read more]

1650: IFRS for Manufacturing Industries (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on manufacturing companies. The programme includes case studies and financial statements that illustrate the real-world application of financial reporting requirements. Topics include: Presentation issues | Consolidation requirements | Treatment of variable interest and special purpose entities | Changes in accounting principle | Discontinued operations | Segment reporting | Long-lived assets | Asset retirement obligations | Held for sale assets | Capital and operating leases | Accounting for research and development | Other intangible assets | Indefinite-life intangible assets | Impairment indicators | Accounting for impairment | Inventory | Cost components (including interest capitalisation) | Valuation methods | Recoverable material | Logistics charges | Consumable production items | Tooling amortisation | Customer supplied inventory | Duties and license fees | Supplier rebates | Supplier price adjustments | Non-standard production activities | Indicators of impairment | Measuring and recognising impairment | Financial assets & liabilities | Categories of financial assets and accounting methodology by type | Derivatives | Hedge accounting | Treatment of equity method investments | Debt vs. equity identification and reporting | Provisions and contingencies | Allowance for bad debts | Warranties | Indemnification | Litigation and claims | Restructuring charges | Other provisions and contingencies | Revenue recognition issues | Allowances and discounts | Price protection | Right of return | Repurchase options | Marketing incentives | Shipping charges | Other current revenue issues | Employee compensation | Short-term compensation | Pension measurement, recognition and reporting | Other post-retirement benefits | Share-based payment | Acquisitions | Review of accounting for acquisitions | Overview of the new business combinations standard and impending changes | Recent and upcoming issues | Recently issued standards, interpretations and their impact on manufacturing companies | Proposed IFRS changes that will affect the manufacturing sector | IFRS-US GAAP convergence update | IASB projects and plans of interest to manufacturers. [hide]

1660: IFRS for the Telecommunication Sector (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on telecommunication entities (telecoms). The programme includes case studies and financial state... [read more]

1660: IFRS for the Telecommunication Sector (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on telecommunication entities (telecoms). The programme includes case studies and financial statements that illustrate the real-world application of financial reporting requirements. Topics include: Internally generated software | Telecommunication licences | Construction cost of network (financing cost, site selection costs, network planning, dismantling and restoration costs) | Long-lived assets (component approach, start of depreciation, depreciation method and period) | Indefeasible rights of use and capacity arrangements | Impairment indicators in the telecom industry | Defining cash generating units | Calculating recoverable amounts | Valuation of handsets | Inventory versus marketing costs | Bundled (or multi-element) arrangements | Handset sales/Sales of modems | Prepaid revenue | Loyalty schemes/Free minutes | Principal-agent arrangements (agreements with content providers and other third parties) | Interconnect arrangements | Activation costs/Customer acquisition costs/Subscription fees | Recently issued standards, interpretations and their impact on telecommunication firms | Proposed IFRS changes that will affect the sector | IFRS-US GAAP convergence update | IASB projects and plans of interest to telecommunication entities. Note: This course is endorsed by CIMA, within the Focus on series, as suitable for CIMA members, their staff and colleagues. [hide]

1670: IFRS for the Pharmaceutical Industry (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on pharmaceutical entities. The programme includes case studies and financial statements that ill... [read more]

1670: IFRS for the Pharmaceutical Industry (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on pharmaceutical entities. The programme includes case studies and financial statements that illustrate the real-world application of financial reporting requirements. Topics include: Review of IAS 38 Intangible assets | When to start capitalising internal development costs | How to treat development costs for generics | Expenditures to consider for capitalisation | Treatment of borrowing costs, patent protection costs, etc. | Development of own intellectual property | Treatment of advertising and promotional expenditures | Determining useful economic lives, start of amortisation, methodology | Examples of indefinite-life intangible assets | Impairment indicators | Revenue recognition | Review of IAS 18 and IAS 11 | Upfront payments, royalties, milestones, non-refundable fees, etc. | Gifts | Treatment of long-term research arrangements | Treatment of multi-element collaboration agreements | Co-marketing expenses and income | Inventories | Indicators of impairment | Measuring and recognising impairment losses | Treatment of trial and validation batches | Review of IFRS 2 Share-based Payment (including equity and cash-settled transactions) | Receipt of listed and unlisted shares in exchange for a product, a patent, other goods or services | Presentation issues | Segment reporting | Recently issued standards, interpretations and their impact on pharmaceutical firms | Proposed IFRS changes that will affect the sector | IFRS-US GAAP convergence update | IASB projects and plans of interest to pharmaceutical entities. Note: This course is endorsed by CIMA, within the Focus on series, as suitable for CIMA members, their staff and colleagues. [hide]

1680: IFRS for the Information Technology (IT) Sector (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on information technology companies. The programme includes case studies and financial statements... [read more]

1680: IFRS for the Information Technology (IT) Sector (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on information technology 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 | Presenting costs by nature or by function | Segment reporting | Long-lived assets | Accounting for property, plant and equipment | Capital and operating leases | Intangible assets | Intellectual property rights | Patent licensing | Research and development | When to start capitalising internal development costs | Which expenditures to consider for capitalisation | Development of own intellectual property | Determining useful economic lives, start of amortisation, methods, etc. | Examples of indefinite-life intangible assets | Impairment indicators and accounting for impairment | Inventory | Indicators of impairment | Measuring and recognising impairment losses | Accounting for impairment | Financial assets and liabilities | Categories of financial assets and accounting methodology by type | Hedge accounting | Treatment of equity method investments | Debt vs. equity identification and reporting | Provisions and contingencies | Warranties | Intellectual property infringement indemnification | Litigation | Restructuring charges | Other provisions and contingencies | Revenue recognition issues | Allowances and discounts | Price protection | Right of return | Shipping charges | Other current revenue issues | Employee compensation including equity incentive plans | Short-term compensation | Pension measurement, recognition and reporting | Share-based payment | Expenditure issues | Cooperative advertising | Vendor payments | Acquisitions | Identification and treatment of goodwill | Acquisition of development-stage technologies | Overview of the new business combinations standard | Upcoming issues | IT relevant Exposure Drafts | IFRS-US GAAP convergence update | IASB projects and plans. Note: This course is endorsed by CIMA, within the Focus on series, as suitable for CIMA members, their staff and colleagues. [hide]

1690: IFRS for Not-for-Profit Entities (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on not-for-profit (non-profit) entities. The programme includes case studies and financial statem... [read more]

1690: IFRS for Not-for-Profit Entities (2-day course)
This two-day course examines international financial reporting issues in detail and their effect on not-for-profit (non-profit) entities. The programme includes case studies and financial statements that illustrate the real-world application of financial reporting requirements. Topics include: Financial statement presentation and disclosure issues | Consolidation requirements | Financial statement requirements | Reporting by function and by nature | Temporarily restricted, permanently restricted and unrestricted assets | Discontinued operations | Commitments and contingencies | Grant disclosures | Cash and cash equivalents (components, policy, classification) | Receivables (membership, allowance for bad debts, contributions, other) | Inventory (cost components, valuation methods, accounting for impairment) | Long-lived assets (costs to capitalise, depreciation and useful lives, special treatment assets, held for sale assets, accounting for impairment, website development, capital and operating leases) | Financial assets and liabilities (categories of financial assets and accounting methodology by type, financial liability accounting, disclosures) | Revenue | Public support, (direct and indirect) | Contributions (pledges, donated materials and services, special events and membership dues) | Conditional promises to give | Other revenue (inventory sales, service fees, restriction releases, etc.) | Unrelated business taxable income | Grants (recognition and measurement, non-monetary grants, restricted grants, grants related to assets – alternative presentation methods, repayment of government grants, low-interest rate loans and other government assistance) | Expenses | Program services | Fundraising (including gross vs. net presentation) | Membership development | Operations | Direct and indirect costs | Joint costs allocation | Indirect costs allocation (methods and rates) | Excess benefits transactions | Functional expense classification | Defining and documenting programmatic expenses | Employee compensation (short-term compensation , pension measurement, recognition and reporting, other post-retirement benefits, disclosures) | Recently issued standards, interpretations and their impact on not-for-profit entities | Proposed IFRS changes that will affect the non-profit sector | IFRS-US GAAP convergence update | IASB projects and plans of interest to non-profits entities. Note: This course is endorsed by CIMA, within the Focus on series, as suitable for CIMA members, their staff and colleagues. [hide]

1700: IFRS for the Energy Industry (2-day course)
This two-day course examines in detail international accounting issues and their effect on energy companies. Topics, presented through the use of case studies, examples, exercises, and illustrat... [read more]

1700: IFRS for the Energy Industry (2-day course)
This two-day course examines in detail international accounting issues and their effect on energy 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 energy companies | Proposed IFRS changes that will affect energy companies | Production sharing arrangements vs. concession rents | Property, plant and equipment | Contributed capital | 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 | Transmission contracts and regulated access | 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. Note: This course is endorsed by CIMA, within the Focus on series, as suitable for CIMA members, their staff and colleagues. [hide]