Business Finance and Financial Training

International Financial Reporting Standards (IFRS)

International Financial Reporting Standards (IFRS) UPDATE (Limassol)2018-10-04T06:06:30+00:00

International Financial Reporting Standards (IFRS) UPDATE (Limassol)

Programme Overview

This two-day IFRS Technical Update course has been specifically developed to bring experienced preparers and users of IFRS financial statements up-to-date with recent developments.

Course content includes coverage of newly effective and newly issued IFRSs and Interpretations, recent amendments to existing Standards and Interpretations, Exposure Drafts and other recent developments. Implementation issues are discussed, and clear guidance is provided using practical examples.

The seminar intends to equip participants with a thorough understanding of the principles and concepts that will be covered. The seminar includes changes in IFRS’s and includes those standards whose changes affect either measurement, recognition or disclosure issues. Moreover, the seminar aims to identify, analyse and illustrate with examples the key issues and problems solved.

Finally, the seminar will shed a light on the context of accounting for insurance contracts within the IFRS framework (IFRS 17) and discuss the concepts behind the new model.

Designed for

  • Accountants
  • Auditors
  • Finance Professionals

Programme Focus

IFRS 13 Fair Value measurement

  • Objective
  • Scope
  • Measurement of fair value – Guidance and Valuation Techniques
  • Fair value hierarchy
  • Disclosures

IFRS 9

  • Measurement of financial assets and financial liabilities
  • Initial recognition including treatment of transactional costs
  • Subsequent measurement (IFRS 9 and IFRS 13)
  • Debt instruments
  • Equity instruments
  • Fair value movements due to changes in own credit risk and reporting of it for financial liabilities designated at fair value through profit or loss

IFRS 15 (Scope, recognition, identifying the contract, contract modifications)

  • Satisfying performance obligations – over time and at a point in time
  • Measurement
  • Determining the transaction price – variable consideration, time value of money
  • Allocation of price to separate performance obligations

IFRS 16

  • Update on leases
  • Scope, definition
  • Lease components
  • Lease accounting
  • Practical consideration
  • Significant differences from current accounts se components

IFRS 17

  • Introduction to the new measurement,
  • Presentation and disclosure guidance for insurance contracts
  • Life and non-life business
  • Special guidance on direct participating contracts

Key Outcomes

  • Understand the numerous recent amendments to IFRS’s.
  • Learn to apply the latest developments, including those affecting first-time adoption of IFRS’s.
  • Benefit from real-world illustrations and examples.

Benefits for you

  • Build on existing knowledge and be ready to be in compliance with the changing world of IFRS’s.
  • Network and interact with other experienced practitioners.

Benefits for the organisation

  • Plan Ahead for expected future changes.

Details


Dates:
5 – 6 December 2018

Time:
8:30 – 17:00

Duration:
14 hours

Venue:
CIIM Limassol, 3-5 Chaidariou Str. (view map)

Language of Instruction:
English

CPDs:
14

Instructor:
Frixos Zempylas

Participation fees


Fee: € 320

HRDA Subsidy: € 0

Final Fee: € 320

* Click here to find out about special discounts that are available

Apply Now

To proceed with your registration, please complete the form below. Participation is subject to availability.

Please enter the details of the person who submits this registration:
*
*
*
*

Please select one of the following options:

*
*

Please select the number of participants who will join this programme. You may register up to 10 participants on the same application.

*
Invoice Details
*
*
*
*

1st Participants Details

*
*
*
*
*

3rd Participants Details

*
*
*
*
*

5th Participants Details

*
*
*
*
*

7th Participants Deatils

*
*
*
*
*

9th Participants Details

*
*
*
*
*

2nd Participants Details

*
*
*
*
*

4th Participants Details

*
*
*
*
*

6th Participants Details

*
*
*
*
*

8th Participants Details

*
*
*
*
*

10th Participants Details

*
*
*
*
*
Terms and Conditions (“Terms”)
Last updated: January 26, 2015

Please read these Terms and Conditions (“Terms”, “Terms and Conditions”) carefully before registering to our programmes (“programmes”) and accessing our online application form (the “Service”), both operated by the Cyprus International Institute of Management (“CIIM”, “Executive Education”, “us”, “we”, or “our”). Your access to the Service is conditioned on your very acceptance of and compliance with these particular Terms. Effectively, these terms apply to all visitors, users and others constituents (“you”, “your”, "persons", “customer”, “participant”, or “company”) who may demonstrate interest in our Service. By accessing this Service, you actually agree to be legally bounded by these Terms. In contrast, if you are in disagreement with these Terms and Conditions, we kindly advise you to exit this Service immediately.

1. Personal Information

By using this Service, you in effect agree that CIIM is empowered with full authority to maintain an internal record of your personal details. Your personal details are collected when registering to the CIIM programmes and enquiry forms.

In particular, for the purpose of promoting CIIM's programmes and activities, you are kindly informed that your personal information including current and former participation to programmes, testimonials, full name, position, company and company logo may be used without your prior concent or consultation with you. If you do not wish CIIM to have your details included in our promotional activities, please notify us of your objections by writing to execedu@ciim.ac.cy or to Cyprus International Institute of Management, 21 Akademias Avenue, Aglandjia, P.O. Box 20378, 2151 Nicosia, Cyprus.

We wish to assure all persons interested in our Service that we will not sell, distribute or lease any of your personal information to third parties unless we have your permission or we are required by law. At the same time, we wish everybody know that we are committed to ensuring that access to personal information in our records is completely secured. Therefore, for the purpose of preventing unauthorised access or disclosure of classified information, we have put in place adequately safe physical, electronic and managerial procedures to control all access to our information databases.

2. Registrations

This Service is intended to collect information for your participation in our programmes. However, we cannot guarantee your automatic participation or seat reservation to our programmes, considering that practical limitations may arise. CIIM reserves the right to change or cancel the dates of the programme, without your consent. In the event of cancellation or modification of the time schedule of the programme, it will be our duty to give you adequate notification for the any schedule changes.

3. Tuition and Programme Fees

Tuition is due upon your acceptance by the CIIM into the programme you have applied for. However, prices are subject to change without notice. Furthermore, if you fail to settle your invoice prior the commencement of the programme, CIIM reserves the right to cancel/withdraw your application and refuse your participation. Additionally, if you fail to settle your invoice,  even after the commencement of the programme, CIIM reserves the right to proceed with legal actions for damages.

4. Cancellation of Registration

Cancellations must be received in writing. Cancellations received more than seven (7) days prior to a program’s start date will not incur penalties. On the other hand, for cancellations received less than seven (7) days prior to a program’s start date, you will incur a charge of 100 percent of the full tuition. In this case though, substitutions may be welcomed considering the service capabilities of CIIM. If a participant or a participating company fails to attend the programme they have applied for without any prior notification, even if a withdrawal occurs on or after a program start date, full tuition may be forfeited.

5. Refunds and Transfers of Registrations

Participants who would like to request a full refund for their participation, or need to transfer their participation to another CIIM programme, may be eligible to do so considering that the start date of the original programme is no less than seven (7) days. Requests to refunds received less than seven (7) days prior to the start date of the programme, will be forfeited. However, in this case though, transfers of registrations may be welcomed considering the service capabilities of CIIM. If a participant or a participating company fails to attend the programme they have applied for without any prior notification, even if a withdrawal occurs on or after a program start date, full tuition may be forfeited.

6. HRDA Subsidy

The Human Resource Development Authority (HRDA) provides a subsidy i.e. partial or full tuition coverage, to organisations participating with their employees in the Authority's programmes, only if they can meet the Authority's criteria. In order to confirm your eligibility to participate in the Authority's programmes, we provide you with the Authority's programme form for which you need to return to CIIM fully completed. If for whatever reason, the HRDA refuses to provide a subsidy for your attendance to our programmes, you and your company will be liable to immediately reimburse CIIM with the gross fees, which were supposed to be covered by the HRDA subsidy. If you fail to meet your legal costs to CIIM, we reserve the right to proceed with legal actions for damages.

Additional Policies

1. Termination of Service

We may terminate or suspend access to our Service immediately, without our prior notice or any liability on our part, for any reason whatsoever, if you breach the Terms included in this agreement. All provisions of the Terms which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity and limitations of liability.

2. Governing Law

These Terms shall be governed and construed in accordance with the laws of Cyprus, without regard to its conflict of law provisions. Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. If any provision of these Terms is held to be invalid or unenforceable by a court, the remaining provisions of these Terms will remain in effect. These Terms constitute the entire agreement between CIIM and you regarding our Service, and supersede and replace any prior agreements we might have between CIIM and you regarding the Service.

3. Changes

We reserve the right, at our sole discretion, to modify or replace these Terms at any time. What constitutes a material change will be determined at our sole discretion.

4. Insurance Coverage

CIIM requires that all participants maintain their own insurance for medical care, illness, and injury. CIIM is not responsible for medical expenses incurred while attending a program. Please make sure that any private insurance provides valid coverage in Cyprus.

Contact Us

If you have any questions about these Terms, please feel to contact us using the information below:

Telephone: +35722462246
E-mail: execedu@ciim.ac.cy
*