IFRS BASICS TRAINING PROGRAM

January 25, 2010 through December 31, 2010, (17 days from 19:00 till 21:00)

Organizer:: PROFESSIONAL SERVICES COMPANY

Business Trainer:
Sohrab Farhadov

Experienced in leadership roles, including training development and delivery covering the following topics: financial reporting, implementation of IFRS, management reporting, economic analysis, cost-benefit analysis. Experienced auditor with four years of experience with Ernst & Young. Has participated at development of national accounting standards with the Ministry of Finance of Azerbaijan Republic. Chairman of Audit Committee at one of the leading banks. Financial analyst with Nippon Koei on large infrastructure projects. MA in Economics from Bowling Green State University (Ohio, USA), CPA candidate

Tural Jamalov

Experienced auditor with the five year employment at Ernst & Young. Participated at audit of Profit Tax Returns and IFRS Financial Statements of BP plc, SOCAR entities, numerous companies in Kazakhstan, and etc. Serves as an independent consultant at Azerfon LLC for the preparation of financial statements and implementation of reporting framework under the requirements of IFRS. Master of Science in Business Administration and Economics from Stockholm University (Sweden), passed Financial Reporting and Auditing section of CPA exams.

Target group: Company staff members who prepare financial statements for reporting to external users, their managers, and others who are interested to know about international financial reporting

Agenda:

Day 1 & 2 Introduction to IFRS and financial statements

• IFRS basic principles
• basic financial statements
• notes and disclosures
• external audit process
• acquaintance with the financials
• standard development process
• importance of IFRS reporting

Day 3 IAS 1 / IFRS 1

• First-time adoption
• Other reporting requirements

Day 4 & 5 IAS 2 - Inventory

• Inventory costing methods
• Impairment and valuation issues
• Required disclosures
• Exercises

Day 6, 7 & 8 IAS 16, IAS 36 and IAS 38

• Fixed asset recognition issues
• Capitalization issues
• Intangible issues
• Impairment and write-off
• Required disclosures
• Exercises

Day 9 & 10 IAS 18 - Revenues and Accounts Receivable

• Revenue recognition principles
• Purchase returns and bad debts
• Required disclosures
• Exercises

Day 11 & 12 IAS 12 - income taxes

• Current income tax
• Deferred income taxes
• Required disclosures
• Exercises

Day 13 & 14 IAS 23 - Borrowing costs

• Capitalization of borrowing costs
• Required disclosures
• Exercises

Day 15 IAS 24 - Related party disclosures

• Related party concept
• Disclosures on related parties
• Exercises

Day 16 & 17 IAS 7 - Statement of cash flows

• Cash flows methods
• Cash flow preparation exercise

Language: Russian and Azerbaijani

Price:
460 AZN/participant +18% VAT

Included:
Lecture material, certificate Professional Services Company

If you have registered, but can't take part in the course, you should:

• substitute your participation with another member
• if you cancel your participation within 7 days before the course starts– the 10% fee is to be paid.
• if you cancel your participation on less than 7 days before the course starts – prepaid sum of money is not paying back.

Please use our e-mail: Этот адрес e-mail защищен от спам-ботов. Чтобы увидеть его, у Вас должен быть включен Java-Script  to inform about the changing in your participation status

If you want to take part on the course or receive additional information, please use our e-mail: Этот адрес e-mail защищен от спам-ботов. Чтобы увидеть его, у Вас должен быть включен Java-Script   or by phone: (070) 223 24 25.