IFRS - International Financial Reporting Standards

IFRS – International Financial Reporting Standards Covers international standards including IFRS 10, 11, 12 and 13

*17 – 20 March 2014 Kempinski Hotel, Mall of the Emirates, Dubai, UAE 8 – 11 June 2014 Dusit Thani Hotel, Dubai, UAE 7 – 10 December 2014 Dusit Thani Hotel, Dubai, UAE

This highly informative course will cover: • The latest developments in the growing worldwide use of IFRS • The latest IFRS Exposure Drafts (ED), Discussion Papers (DPs) and annual improvement projects • Detailed practical examples on the implementation and application of accounting and financial reporting concepts

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• Real-world challenges to applying IFRS and strategies to overcome them • Detailed analysis of IFRS 7 (Financial Instruments: Disclosures), IAS 32 (Financial Instruments: Presentation) and IAS 39/IFRS 9 (Financial Instruments: Recognition And Measurement)

Covering main judgements and estimates that are made in applying IFRS

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IFRS – International Financial Reporting Standards

*17 – 20 March 2014 Kempinski Hotel, Mall of the Emirates, Dubai, UAE 8 – 11 June 2014 Dusit Thani Hotel, Dubai, UAE 7 – 10 December 2014 Dusit Thani Hotel, Dubai, UAE

Course Timings Registration will be at 07:30 on Day One and the course will commence at 08:00 and conclude at 14:30. There will be

Meet Your Expert Course Director refreshment breaks at approximately 10:30 and 12.30. Lunch will be served at the end of each day’s session.

Meet Your Expert Course Leader Steve Lawrence, MSc, FCCA, has been a full time lecturer for over 25 years during which time he has led seminars and training programmes for students and professional audiences in many parts of the world including London, Moscow, Dubai, Jeddah, Beijing, Mauritius, Rome, Madrid, Cairo, Zagreb, Krakow and Kuala Lumpur.

Before becoming a professional lecturer, Steve worked for 10 years in various accounting positions in commercial and industrial organisations including PitneyBowes Ltd., Longmans Ltd. and Prudential Assurance. He has a Masters degree from the London School of Economics and Political Science and is a Fellow of the Association of Chartered Certified Accountants. He has published numerous articles and is the author of textbooks on international accounting and advanced financial accounting.

Steve’s main current interest is in the development of the global use of International Financial Reporting Standards and he is involved in this development by training professional accountants for several accountancy bodies including the Association of Chartered Certified Accountants, the Association of International Accountants and the Institute of Chartered Accountants in England and Wales.

Who Should Attend?

• Chief Accountants • Group Finance Directors • Heads of Finance • Finance Managers

• Managers of Financial Accounts • Heads of Accounting and Administration

• Financial Controllers

• Finance and Information Systems Managers

• Accountants

• Financial Analysts

• Management Accountants

• Auditors

• Executive Directors of Finance

• Portfolio Managers

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Course Introduction IFRS are rapidly becoming the global accounting standards for all business sectors. Like a stone dropped in a pond, the ripples of IFRS implementation are now being felt in every industry and every organisation around. Therefore, learning to apply these standards properly is no more a luxury but is a necessity for every accountant, auditor, financial analyst and financial professional these days.

The correct adoption of IFRS promises organisations many benefits including enhanced investor confidence, greater consistency and transparency of financial reporting as well as the ability to compare financial information from companies around the world. This course will ensure you are fully aware of all the recent developments in international accounting by offering complete information on how to successfully implement IFRS in your organisation.

Course Outline Introduction • Standard setting constitution • The conceptual framework for financial reporting IFRS 1: First Time Adoption Of IFRS • Objective and scope • Exemptions and exceptions • Presentation and disclosure Financial Statement Presentation (IAS 1, 7, 34; IFRS 2, 5) • Components of financial statements • Classification issues for statement of financial position • Non-current assets held for sale and discontinued operations • Presentation in profit or loss and other comprehensive income • Statement of changes in equity • Statements of cash flow Measuring Financial Performance (IAS 8, 24, 33; IFRS 2, IFRS 13) • Accounting policies, accounting estimates and errors • Earnings per share • Related party transactions • Share based payments • Fair value measurements

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Business Combinations (IFRS 3) • Purchase method • Identifying the acquirer • Allocating the cost to net assets • Recognition and measurement of goodwill • Transitional provisions

• Determining the defined benefit obligation • Actuarial gains and losses including amendments • Current and past service costs

Consolidations IFRS 10 (IAS 27), IFRS 11 (IAS 31), IFRS 12, IAS 28 and IAS 21 • Determination of control and consolidation of subsidiaries • Accounting for associates • Accounting for joint ventures • Functional currencies • Consolidating foreign subsidiaries • Foreign currency transactions

Debt/Equity Classification • Classification • Derivatives on own shares

Leases (IAS 17) (Including Exposure Draft) • Lease classification • Leases for property • Non-property leases Revenue Recognition (IAS 11, 18) (Including Exposure Draft) • Recognition issues and the concept of substance over form • Measurement of revenue • Construction contracts Tangible Assets (IAS 2, 16, 23, 36, 40) • Inventory measurements • Accounting for property, plant and equipment including revaluations • Depreciation • Borrowing costs • Investment properties Intangible Assets (IAS 38) • Recognition criteria • Measurement issues • Internally developed intangible assets • Research and development costs • Intangible assets acquired in a business combination • Amortisation versus impairment Liabilities, Provisions And Contingencies (IAS 10, 12, 20, 37) • Recognition criteria for provisions and contingencies • Constructive and legal obligations • Discounting deferred payments • Onerous contracts • Events after the reporting period • Deferred tax provisions and assets • Government grants and assistance Employee Benefits (IAS 19) • Types of retirement plans • Factors affecting pension plan assets and liabilities

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Financial Reporting For Financial Instruments Under IAS 32, IFRS 9, IAS 39 And IFRS 7 Scope

Initial Recognition And Classification (IAS 39 And IFRS 9) • Initial recognition • Classification • Reclassification of assets between categories • Embedded derivatives De-Recognition • De-recognition of financial assets • Consequences of de-recognition or failed de-recognition • Securitisation • De-recognition of financial liabilities Subsequent Measurement, Fair Values And Impairment (Including Exposure Draft) • Subsequent measurement – financial assets • Subsequent measurement – financial liabilities • Amortised cost and effective interest method • Fair value • Impairment of financial assets Hedge Accounting (Including Exposure Draft) • Criteria for hedge accounting • Categories of hedges • Hedge effectiveness/ineffectiveness • Discontinuing hedge accounting Disclosures • Risk management policies and hedging activities • Terms, conditions and accounting policies • Interest rate risk • Other disclosures

Would you like to run this course in-house?

The in-house training division of IIR Middle East Tel: +971 4 407 2624 • Email: CTS@iirme.com www.iirme.com/cts

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IFRS – International Financial Reporting Standards

*17 – 20 March 2014 • Kempinski Hotel, Mall of the Emirates, Dubai, UAE 8 – 11 June 2014 • Dusit Thani Hotel, Dubai, UAE 7 – 10 December 2014 • Dusit Thani Hotel, Dubai, UAE

FIVE WAYS TO REGISTER IIR Holdings Ltd. P.O Box 9428 Dubai, UAE

+971 4 335 2437 +971 4 335 2438 register@iirme.com

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DISCOUNTS AVAILABLE FOR 2 OR MORE PEOPLE CALL – +971 4 335 2483 E-MAIL – a.watts@iirme.com Course Fee Before 30 December 2013

Course Fee Before 20 January 2014

Final Fee

US$ 3,995

US$ 4,495

US$ 4,795

Course Fee Before 23 March 2014

Course Fee Before 13 April 2014

Final Fee

US$ 3,995

US$ 4,495

US$ 4,795

Event

Course Fee Before 21 September 2014

Course Fee Before 12 October 2014

Final Fee

IFRS – International Financial Reporting Standards 7 – 10 December 2014 (BC5292)

US$ 3,995

US$ 4,495

US$ 4,795

IFRS – International Financial Reporting Standards *17 – 20 March 2014 (BC5290) Event

WOULD YOU LIKE TO RUN THIS COURSE INͳHOUSE?

IFRS – International Financial Reporting Standards 8 – 11 June 2014 (BC5291)

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance. *Book and pay NOW and bring your colleague for FREE on this course. Only applicable for March 2014 course.

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All registrations are subject to our terms and conditions which are available at www.iirme.com/terms. Please read them as they include important information. By submitting your registration you agree to be bound by the terms and conditions in full.

Payments A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Only those delegates whose fees have been paid in full will be admitted to the event. You can pay by company cheques or bankers draft in Dirhams or US$. Please note that all US$ cheques and drafts should be drawn on a New York bank and an extra amount of US$ 6 per payment should be added to cover bank clearing charges. In any event payment must be received not later than 48 hours before the Event. Entry to the Event may be refused if payment in full is not received.

Credit card payment If you would like to pay by credit card, please tick here and a member of our team will contact you to take the details

Cancellation If you are unable to attend, a substitute delegate will be welcome in your place. Registrations cancelled more than 7 days before the Event are subject to a $200 administration charge.

Registration fees for registrations cancelled 7 days or less before the Event must be paid in full. Substitutions are welcome at any time.

Avoid Visa Delays - Book Now Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible.

Visas for non-GCC nationals may take several weeks to process.

All registrations are subject to acceptance by IIR which will be confirmed to you in writing.

Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

Event Venue: Kempinski Hotel, Mall of the Emirates, Dubai, UAE Tel: +971 4 341 0000 Dusit Thani Hotel, Dubai, UAE Tel: +971 4 343 3333 Accommodation Details We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971 4 407 2693 Fax: +971 4 407 2517 Email: hospitality@iirme.com © Copyright I.I.R. HOLDINGS B.V.

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