Module 1: Business Combinations and Consolidated Financial Statements (IFRS 3 & IFRS 10)

• Definition of a business combination and its accounting methods
• Identifying an acquirer and the acquisition date
• Measuring the consideration transferred and the acquiree's identifiable net assets
• Accounting for goodwill and bargain purchase gains
• Preparing consolidated financial statements: principles and procedures
• Practical session: Calculating goodwill in a business combination scenario.

Module 2: Financial Instruments - Recognition, Measurement, and Derecognition (IFRS 9)

• Classification and measurement of financial assets (amortized cost, FVOCI, FVTPL)
• Classification and measurement of financial liabilities (amortized cost, FVTPL)
• Impairment of financial assets: expected credit loss model
• Hedge accounting: fair value hedge, cash flow hedge, hedge of a net investment in a foreign operation (overview)
• Derecognition of financial assets and financial liabilities
• Practical session: Determining the appropriate classification and measurement of different financial instruments.

Module 3: Financial Instruments - Presentation and Disclosures (IAS 32 & IFRS 7)

• Presentation of financial instruments: equity vs. liability
• Compound financial instruments
• Disclosures about the significance of financial instruments
• Disclosures about the nature and extent of risks arising from financial instruments (credit risk, liquidity risk, market risk)
• Qualitative and quantitative disclosures
• Practical session: Analyzing the disclosure requirements for financial instruments in a set of financial statements.

Module 4: Employee Benefits (IAS 19)

• Short-term employee benefits (wages, salaries, paid absences)
• Post-employment benefits: defined contribution plans and defined benefit plans
• Accounting for defined benefit obligations: actuarial valuation methods
• Recognition and measurement of defined benefit costs and obligations
• Termination benefits and other long-term employee benefits
• Practical session: Calculating the current service cost and net interest on a defined benefit obligation.

Module 5: Income Taxes (IAS 12)

• Accounting for current income taxes
• Deferred tax liabilities and deferred tax assets: temporary differences
• Recognition and measurement of deferred tax
• Presentation of income tax in the financial statements
• Tax losses and tax credits
• Practical session: Calculating deferred tax liabilities and assets arising from temporary differences.

Module 6: Provisions, Contingent Liabilities, and Contingent Assets (IAS 37)

• Recognition criteria for provisions
• Measurement of provisions: best estimate, present value
• Contingent liabilities and contingent assets: recognition and disclosure
• Onerous contracts and restructuring provisions
• Reimbursements
• Practical session: Analyzing different scenarios to determine whether a provision should be recognized.

Module 7: Leases (IFRS 16)

• Definition of a lease and identifying lease components
• Accounting by lessees: recognition of a right-of-use asset and a lease liability
• Measurement of the right-of-use asset and the lease liability
• Subsequent measurement and remeasurement
• Accounting by lessors: classification of leases (operating vs. finance)
• Practical session: Calculating the initial recognition of a right-of-use asset and a lease liability.

Module 8: Revenue from Contracts with Customers (IFRS 15)

• The five-step model for revenue recognition
• Identifying the contract with the customer
• Identifying the performance obligations in the contract
• Determining the transaction price
• Allocating the transaction price to the performance obligations
• Recognizing revenue when (or as) the entity satisfies a performance obligation
• Practical session: Applying the five-step model to recognize revenue in different contract scenarios.

Module 9: Investment Property (IAS 40) and Property, Plant and Equipment (IAS 16)

• Definition and classification of investment property
• Measurement of investment property: fair value model vs. cost model
• Definition and classification of property, plant and equipment (PPE)
• Measurement of PPE: cost model, revaluation model
• Depreciation and impairment of PPE
• Practical session: Determining the accounting treatment for different types of property.

Module 10: Presentation of Financial Statements (IAS 1) and Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8)

• Overall considerations for the presentation of financial statements
• Structure and content of the statement of financial position, statement of profit or loss and other comprehensive income, statement of changes in equity, and statement of cash flows
• Selecting and applying accounting policies
• Changes in accounting policies and accounting estimates
• Correction of prior period errors
• Practical session: Analyzing the presentation of financial information in a set of financial statements.

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588