Training

New in IFRS

Target Audience:Employees of IFRS departments, accountants, financiersDuration:7 hoursProvider:Alinga Consulting Group Venue:AEB Conference Centre, Moscow, Butyrsky val, 68/70 build.1, office 13Language:RussianCoach:Svetlana Bobovnikova
Svetlana BobovnikovaSvetlana Bobovnikova

Terms and Conditions

– The deadline for registration & payment is usually 5 days before the starting date of the course;
– Those who do not register and pay by the deadline will not be allowed to participate in the training;
– All payments are to be made by bank transfer;
– Once registration is closed, the fee is non-refundable.

Training objectives and advantages
The seminar introduces the review of the new IFRS standards and amendment of the existing ones. Case study will consider a new model of revenue accounting, expected credit losses, a new procedure for lease accounting, etc.

Training program
• Review of the activities of the Council of IFRS on the issuance of new and modification of existing standards. Amendments to the Conceptual Framework of IFRS, the difference between the new edition and the text of the 2010 Framework.
• New model of revenue recognition under IFRS 15 "Revenue contracts contracts with customers". Differences and peculiarities of recognition of revenue under IFRS 15 "Revenues from contracts with customers" in comparison with IAS 18 "Revenues". The impact of IFRS 15 on the financial reporting of the companies that reflected revenues in accordance with IAS 11 "Construction contracts".
• IFRS 9 "Financial Instruments" in its final version: Classification and measurement of financial assets; The expected loss model.
• IFRS 16 “Leases”: a single model of lease accounting for the lessee. New assets, new obligations and a scheme for recognition of the total amount of the lease costs.
• A collection of improvements to the IFRS for the 2015-2017 cycle. Adjustments to IFRS 3 "Business combinations"; IFRS 11 “Joint Ventures”; IAS 12 "Income Taxes"; IAS 23 "Borrowing Costs".
• Other changes (amendments to IAS 19 "Employee Benefits", amendments to IAS 8 “Accounting policies”, etc.)

Methodology of training delivery
Lecture, group discussions, case study