Duration. 2 days / 16 academic hours. 16 CPD units / 14 СPE credits. Conceptual
Framework and Presentation of. Financial Statements. (IFRS/US GAAP).
Conceptual Framework and Presentation of Financial Statements (IFRS/US GAAP) Who should attend Accountants Financial managers Internal auditors Internal controllers Employees of financial services, who are familiar with the basics of accounting. Duration 2 days / 16 academic hours / 16 CPD units / 14 СPE credits
Objectives To acquire the basic knowledge in financial accounting To consider the conceptual principles of the preparation of financial statements according to IFRS/IAS and US GAAP To consider the following IFRS/IAS and US GAAP:
IAS 1 «Presentation of Financial Statements» ASC 205 «Presentation of Financial Statements» ASC 210 «Balance Sheet» ASC 215 «Statement of Shareholder Equity» ASC 220 «Comprehensive Income» ASC 225 « Income Statement» ASC 235 «Notes to Financial Statements».
Training methodology Training is conducted in an interactive form and includes a number of case studies. Training participants are provided with specially designed training materials in Russian.
IFRS/US GAAP: Conceptual Framework and Presentation of Financial Statements
Training outline Day 1
Certificates Certificates of the EY Academy of Business.
Fundamental concepts of financial accounting
Place and time
Role of accounting
Open trainings are conducted at EY Academy of Business from 9:30 to 16:30.
Main objectives and definitions of financial accounting Principles and concepts of financial accounting
In-company training
Financial Statements
Preliminary analysis of clients’ training needs, identification of aims and goals
Financial Statements structure
Training adaptation to industry
Statement of Financial Position Statement of Comprehensive Income
Flexible approach to training location and schedules
Statement of Changes in Equity
Report on the training results on request.
Notes to Financial Statements
Recommended training scheme
Day 2
Conceptual Framework and Presentation of Financial Statements (IFRS/US GAAP)
Recording transactions Books of prime records General ledger Trial balance Period-end adjustments Accrued expenses Accrued income Prepaid expenses Deferred income Worksheet Closing entries.
2
Presentation and Measurement of Working Capital Elements (IFRS/US GAAP) Accounting for Non-current Assets (IFRS/ US GAAP) Accounting Estimates in Preparation of Financial Statements (IFRS/US GAAP) Recognition and Measurement of Income and Expenses (IFRS/US GAAP) Investments and Financing Sources in Financial Statements (IFRS/US GAAP) Accounting for Employee Benefits (IFRS/ US GAAP) Reporting of Changes in Foreign Exchange Rates (IFRS/US GAAP) Disclosures in Financial Statements (IFRS/ US GAAP)
How to apply? Please complete the registration form online at our web site: ey.com/cis/academy
