Dates for this course

19/08/10 - 19/08/10

09/12/10 - 09/12/10

Who should attend:
• Financial managers involved in preparing the annual accounts prior to audit
• Internal auditors testing the validity of company records – would the recorded valuation of company inventories stand close scrutiny?
• Those evaluating the accounts of possible customers – “Would you do business with this company”?
• Those evaluating potential suppliers – “Will they be in business in two years’ time?
• Those evaluating possible acquisition targets.

Objectives:
• To consider why the standards are important.
• To explain the ongoing development of accounting standards and the IASB.
• To describe the Conceptual Framework of IFRS.
• To explain some of the key areas of the standards.
• To identify sources of information relating to the ongoing development of IFRS.

Content:
• The organisation and activity of the International Accounting Standards Board (IASB)
• The convergence between IFRS and US GAAP
• The Conceptual Framework
• Rules for revenue recognition
• Income statements, Balance sheets and Cash flow statements
• Property, plant and inventories
• Impairment of assets
• Keeping up to date
• Discussion on the use of Standards in delegates’ organisations