The purpose of the course is to ensure that the company’s staff is adequately up to date with the current IFRS developments . It will enhance the team’s knowledge and capabilities to assess the disclosure and other requirements in relation to IFRs.
This course provides a detailed review of the significant technical requirements of International Financial Reporting Standards (IFRSs), including accounting and reporting for financial instruments, leases and insurance contracts,as well as other standards relevant to the financial services sector. It includes coverage of the requirements of the relevant standards and interpretations, hands-on case studies, examples, exercises, small-group projects, and benefits from the interactive participation of the attendees.
With the completion of the course trainees will be able to:
1. Identify the main changes in the corresponding IFRS.
2. Recognise the correct accounting treatment for these accounting standards .
3. Distinguish between the different accounting standards and their application.
The course is addressed to:
The course is addressed to audit and accounting professionals, which are involved in the statutory audit of financial statements as well as the preparation of financial statements in accordance with the corresponding International Financial Reporting Standards. (IFRS)
This course is consistent out of 6 topics.
• IFRS CHANGES IN 2017,• IFRS 9- FINANCIAL INSTRUMENTS,• IFRS 15- REVENUE FROM CONTRACTS WITH CLIENTS
• IFRS 16- LEASES,• IFRS-17 INSURANCE CONTRACTS,• AMMENDMENTS TO IAS7
The course is delivered by someone with hands on experience. Highly practical, relevant and important and safely this course is for you.The instructor blends theory with highly practical case studies and examples derived from his long experience.
The course may be approved for up to 14 CPD units verified directly by the participant's association, regulator or other bodies which holds membership.
*Group rates available. │ **Early Bird discount may apply.
This course can be offered inhouse, customised to your business needs.
*Infocredit Professional Education division (IPE) holds the right to postpone or cancell any seminar within a logical time frame near to the start date of the seminar, in the case whereas no adequate number of participants is registered i .e. less than 6 persons and/or in the case that out of the list of registered people are not included at least 4 employed people ( as per HRDA guidelines). You can access HRDA guidelines by clicking the link: https://bit.ly/2VSWgWU
A summary of the various IFRS changes that took place in 2017 and the possible impact on the financial statements
Class Activity for the identification of the correct treatment of various scenarios in relation to IFRS 9.
-Main elements and requirements of IFRS15
-Disclosure requirements in relation to IFRS 15
-Practical examples of issues relating to IFRS15
-Class activity for the identification of the correct treatment of various scenarios in relation to IFRS 15.
Question de-brief IFRS16
Method of instruction
Nearchos Ioannou is a Fellow Chartered Certified Accountant (FCCA) ,a Certified Fraud Examiner(CFE) and a Certified Public Accountant (CPA) , Ontario, Canada.
He graduated from the University of Dundee in Scotland U.K (Bachelor of Accounting(Honours), 1996).He has qualified as a Chartered Certified Accountant (ACCA) in 2003, and was the 1st ACCA finalist in Cyprus in the December 2003 examination diet. In 2011 he has qualified as a Certified Fraud Examiner (TEXAS-USA) and in 2019 a Certified Public Accountant (CPA), Ontario Canada.
He has been a key learning facilitator in Deloitte, and is also a part-time lecturer of the University of West London (Cyprus branch) and Frederick University in Cyprus.
He is an Audit director serving a number of international and local companies, which have to ensure compliance with Fraud and AML procedures as well as to comply with the requirements of the International Standards of Auditing.
He is the Co-author of Dr. Wells book Financial Statement Fraud Casebook. Baking the Ledgers and Cooking the Books, Association of Certified Fraud Examiners (Texas- USA).
He served as a member of the Advisory and Education Committees of the Association of Certified Fraud Examiners (CFE, TEXAS-USA)
He is also an expert in the Sarbanes- Oxley Act, requirements in relation to Section 404 for public listed companies in the NYSE.
He is providing seminars in relation to AML, Fraud, audit and the International Financial Reporting Standards (IFRS).
For Companies and Unemployed Individuals, the prices shown below are after the deduction of the HRDA subsidy.
More information is provided during the registration process, including the HRDA Terms and Conditions for eligibility.
VAT (19%) is included on the prices below.