CI

FRS™
Cer
ti
fi
edInt
ernati
onal
Fi
nanci
alReport
i
ngStandar
ds
Accr
a,Ghana12-
16Dec
ember,
2016
L
evel
:Advance Del
iver
yTy
pe:
Groupl
i
ve
Ov
erv
iew WhoShoul
dAt
tend
TheI FRSs tanda rdsa r
ebe i
ngde vel
opedona n Thi
shighl
ypr
act
i
cal
qua
li
fica
ti
onha
sbe
ens
pec
ific
all
yde
-
ongoi ngba si
s.Ac counting,fina nc
ea ndot herrelat
ed si
gnedfor
:
profes si
onal
sne e dtobea wa reoft
heintroductionof new
standa rdsandt hemodi fi cat
ionstothee xisti
ngs ta
nda r
ds. •Chie fAccounta nts
Thispr ogramisde si
gne dtopr ovi
dea nunde rstandi
ngof •GroupFi nanc eDi rect
or s
thewa ythestanda rdsha vec omeintoe xi
stence ,t
heir •Hea dsof Fi
na nc e
i
mpor tancei
nt hes tanda r
diz
a ti
onof r
eporti
ngs y st
ems •Fi
na nc eMa nage r
s
throughout t
hewor l
d, andther oadtoc onve r
ge ncefor •Fi
na nc i
alControllers
thosec ountri
est hathav enot yetadoptedt heIFRS. •Acc ountants
•Ma na geme ntAc count ant
s
Throughout t
hecourse
,dele
gateswi
llbefa
ce dwith •Exec uti
veDi r
ec torsof Fi
nance
conc ept
ualandeval
uati
vema t
eri
al
s.Asaresult
of t
he •Ma na ger
sof Fina ncialAccount
s
presenta
ti
ona nddisc
ussi
onof t
hema te
ri
al
s,delegat
eswil
l •Hea dsof Ac c
ount i
nga ndAdmi ni
st
rat
i
on
bee ncoura
ge dtoappl
ythei
rle
arni
ngwithref
erencetoa •Fi
na nc eandInf orma t
ionSy st
emsMa nage
rs
ser
iesof t
arget
edcasee x
erci
sesandc a
sestudi
e s. •Fi
na nc i
alAnalys t
s
•Auditors
Thefinalse
ssi
on,fina
ncia
lra
tioanal
ysi
sof
IFRSba
sed •Portfoli
oMa na ge r
s
repor
ts,
hasbeendesi
gnedtorunusi
ngExcel
sprea
dsheet
s. Benefit
sofat
tendi
ngt
hePr
ogr
am:
•Par
ti
c ipant swil
lga i
na nunde r
standingof t
hewa yt hat
the
I
ASBc a mei ntoexist
e nceandthei mpa cti
t i
sha vingon
worl
dfi nanc ial
report
ing
•Theywi l
lbea wa r
eof int
roducti
onof recent s
tanda rdsand
t
hec ha nge stheyha vebrought a
bout .
•Theywi l
lbea cqua i
ntedwiththerequi r
eme ntsforthe
most ne ws tandardswhi chwe r
er el
e asedi
nr ece ntl
y
•Newi nt e
rpr et
ati
onsgi venbytheIFRI Cc ommi tt
e ewil
lbe
di
scus sed.
•Receiveac ompleteov e
rvi
ewof theI FRSs tanda r
dsfor
SMEsi ncludingthede finit
i
on,adopt i
ona ndma jor
di
ff
erenc eswi ththeIFRSs tandards.

Or
gani
zedby Cer
ti
fi
edby
TheGAFM ®i stheonlychart
ere
dpr ofess
ional
bodyba se
d
i
ntheUSAt ha
t promotesthehi
ghe s
t busi
nessaccre
dit
ed
st
andar
dsande xc e
ll
ence.Wes anct
ionthetopa ccr
edi
ted

WWW.
HLTI
.
ORG ma
pa
s
t
t
ht
e
rsa
ome
nddoc
mbe r
s
tor
hi
at
pa
ede
ndc
gr
e
e
r
t
epr
i
fica
ogr
ti
a
on.
mswor l
dwideasa
CI
FRS™
Cer
ti
fi
edI
nter
nat
i
onal
Financ
ial
Repor
ti
ngSt
andar
ds
1
2-1
6Dec
201
6
ember

Dunc
anWi
l
li
ams
on
Dunc anha swor k edi nt
e r
na ti
ona l
l
ya sana ccountingprofes s
ional
, l
e ct
urerandt rai
ne rforma ny
years.Dunc anbe ga nhisinternati
ona lworkin1988whe nhes ta
rtedafi v
ey e arposti
ngt othe
Universi
tyof Ma lawi whe r
ehewa sa nAssoc i
atePr ofess
orof Ac counti
ng. Dunc anha sli
ved
andwor k
edi nCe ntralandSout hAs i
a,t
heMi ddleEa st
,Me xico,theCa uc asusa ndtheFa r
East,i
nc l
udingTha il
and, whe rehenowl i
ves,Singa pore,Ma l
a y
siaa ndVietna m.
Dunc anha sbe e
nt raini
ngi nthea re aofIFRSa ndfi nanci
a lr
eporti
ngf orov erade cade
f
oll
owi ngas si
gnme ntsi
nt heCa usc asusandCe ntralAsi
ai nwhichhewor k edinUSAI D
proj
ectsthatwe regive
nt her emitof sett
ingupI FRSba s eda ccounti
ngr egime sinAr menia,firstof al
l,t
he nthef ormer
SovietUnion.Thisworkinc l
ude dsettingupac urr
iculum fort hec e
rti
ficationof professi
ona laccountantsa nd
devel
opingt r
ainingma t
eria
lsforthat purpos e.
Dunca nha st
rainedalargenumbe rof I
FRSt rai
nee sintheMi ddl
eEa st,Tha il
anda ndforOi landGa sba sed
dele
ga te
sf r
om Sa udiArabia,Kuwa i
t, Oma n,L y
bia, Egypt andNi geri
a.
Dunca n'
spublishe dworkinc l
udeabookonbook ke e
pinga nda ccounti
ng( TheBook keepinga ndAc counti
ngCoa ch
publi
shedbyHodde randSt oughtoni nApr il2014) ate x
t bookonc osta ndma nage ment accounting,ama j
orbook
onEx cel2007s preadsheeti
ngt ogethe rwitha nEx c elwork book.

•I
BS/
GAFM Eur
opeanSt
andar
dsCounci
li
sinagr
eement GLOBALACADEMYOF
ofABEI
-TUV f
ort
hes
uppor
tthemember
sforal
l FI
NANCEANDMANAGEMENT
Cer
ti
ficat
ions
.
•TheI
nter
nat
ionalBoar
dofSt
andar
ds,“
IBS/
GAFM”
,is TheGAFM wasf oundedi n1996byt he
I
SO accr
edi
tedandcer
ti
fiedunderI
SO 9001:
2008 original founder soft heGr aduate
qual
i
tys
tandar
dsi
ncer
ti
ficat
ion,t
rai
ni
ngand Leader shipSoci et y
.TheFounder sofour
pr
ofes
sionaldev
elopmentbyt
heTUVaf
terpas
sing St andar dsBoar dar eCEOs ,Execut ives,
Eur
opeanaccr
edi
tat
ionaudi
ts. Pr ofes sors,andi ndus tryexper tsfrom
•TheI
nter
nat
ionalBoar
dofSt
andar
ds,I
BS/
GAFM,i
s
aroundt hegl obe.Wedes iret or ai
s eeducat i
ons t
andar ds
I
SO 29990Cer
ti
fiedandAccr
edi
tedf
orT
rai
ni
ngand
andet hicsi nt hebus ines sandmanagementi ndustri
es .The
Educat
ionbyt
heTUVaf
terpas
singEur
opean
Standar dsPol i
cyBoar dawar dss peci alizedboar d
accr
edi
tat
ionaudi
ts.
"
certi
ficat ions,des i
gnat ions ,andchar tersi nthefiel dsof :
finance,account ing,management ,andcons ult
ingfiel dst o
quali
fiedpr ofessional swhohav ecompl etedi nt
ernationally
PROGRAM TI
MINGS recogniz edoraccr edi tedexams&educat i
on,gov er
nment
Regi
stra
ti
onwi l
lbeginat08.
00onDa yOne . recogniz eddegr eesanddocument edmanagement
Theprogram wil
lcomme nceat08.
30eachdayand credent i
al sandexper ience.Si nce1996,t heAcademyhas
cont
i
nueunt i
l16.30.
beenpr omot ingaccr edi t
edgr aduat es tandar dsf or
Ther
ewi l
lbetwor ef
res
hme ntbrea
ksandluncha
t
appr
opriat
einte
rvals
. certi
ficat ioninbus ines s,management ,l aw,andfinance.
Sincet hei ncept ionwi ththef oundi ngoft heGr aduate
Inst
it
ut eofLeader shi pin1996,t heAcademyhasbeen
I
N-HOUSE
I
finte
res
tedt
orunthi
scour
sei
n-hous
epl
eas
econt
act focusedonqual i
tyas surancewi thaccr editededucat ion,
Dr.ShpendI
meri
at: exams ,as sess ment ,educat ion,et hics ,andcont i
nuing
+38971552410 educat i
on.Fur ther,appl i
cant smus tal sohav et heneces sar
y
+38942222032 experiencei npr actice,r esear chorpubl i
cationsi nthei r
shpend.
imer
i
@hlt
i.
org
respectiv eareasofexper ti
s e.

EUOFFI
CE:+38942222032
REGI
STERNOW!!! AFRI
CAOFFICE+233246035185
MOBI
LE:+38971552410
WWW. HL
TI.
ORG USOFFI
CE:+140 65584926 Emai
l:i
nfo@hl
ti
.or
g
 CI
FRS™
Cer
ti
fi
edI
nter
nat
i
onal
Financ
ial
Repor
ti
ngSt
andar
ds
1
2-1
6Dec
201
6
ember

Pr
ogr
ammeOut
li
ne
Day1:TheConce pt
ualFr
ame wor
ksandt
he I
AS37: Pr ovi
sions ,Conti
ngentLi
abi
li
ti
esandCont
ingent
As s
et s
f
undamenta
lInt
ernat
ional
Fina
ncia
lRe
port
i
ng
•De fi nit
ions
St
andar
ds •Thes e t
tingof
Concept ual Framewor kf orFi nanci al Repor t
ing -Prov i
s i
onswi t
he xa
mples
•Ar e viewof t
hepur pos eof thef rame wor kandt hek ey -Cont ingent l
ia
bi l
i
ti
eswit
he xa
mples
c onc ept s -Cont ingent assetswit
hexamples
•Li nk st ot heSt anda r
ds I
FRS13: Fai
rVal ueMeas urement
•Conv erge nc ewi thUSGAAPa ndt hei mpl ic
a ti
onsf ora n •De finiti
ons
IFRSr e gime •Fairv al
uehi erar
c hy
I
AS1: Pres ent at i
onofFi nanci alSt atement s •Me as ure mentof fa
irval
ue
•as ta teme nt of fina ncialpos it
ion, •Valua t
iont echni
que s
•as ta teme nt of compr ehe nsiveinc ome ,
•as ta teme nt of cha nge sine quity
•as ta teme nt of ca shfl owa nd
Day2:AmoreAdva
ncedRe
viewoft
heCri
t
ica
l
•not e s,c ompr i
s i
ngas umma r
yof account i
ngpol ici
e sa nd I
nte
rna
ti
ona
lFina
nci
alRe
por
ti
ngSta
ndar
ds
ot he re x plana torynot e s I
AS16: Proper ty,PlantandEqui pment
I
AS8: Account ingPol icies, Changesi nAccount ing •De finiti
ons
Es timat esandEr rors •Re cogni t
ion
•De fi nit
ionof ac countingpol i
cya nda c countinge stima te •Ini
ti
al me a sure me nt
•Ex ampl e sa nda pplicationsof t
hef unda ment alprinciples •Me as ureme nt subs eque nttoini
tia
l rec
ogniti
on
be hindI AS8 •Re valuati
onmode l
I
AS18: Rev enue/ IFRS15: Rev enuef rom Cont ractswi t
h •De preciation: cos tandr eval
uati
onmode l
s
Cus t omer s •De recogni ti
on
I
AS18 •Disclosure
•Me a sure me nt of revenue I
AS10: Ev ent saf tert heRepor t
ingPer iod
•Sa leof goods •Applic at
ionof I
AS10wi t
hrespec tto:
•Re nde ri
ngof se rvi
c es -Adjus ti
nge v ents
•Int ere st,roy alt
ie sa nddi v i
dends -Nona djus tinge ve nts
•Sugge stionsf orc hange : upa ndc omi ngr evi
s i
ont ot he I
AS7: St atementofCas hFlows
St a nda rd •Ar eviewof t
hev oca bularyandla youtof ast
ate
me ntof
c a
sh
I
FRS15 flows
Thefi v es tepmode lfr
a me work •Thel i
nk sbe twe ent heSCFa ndthei ncomes t
atementand
Thec or epr inc i
pleof I
FRS15i st hat ane ntit
ywi llr
e cogni se balanc es he et
reve nuet ode pict t
het rans ferof promi sedgoodsors e rvi
ces •Exa mpl esof SCFi npr ac
tice
toc us tome rsina na mount t
ha trefle ct
st hec ons ide rat
ionto I
AS23: Bor rowi ngCos ts
whi c ht hee ntitye xpe ctst obee nti
tledine xcha ngef ort hose •Thec apit
a li
s ati
onof bor r
owingc os t
sunde rgi
ven
goodsors e rvi
c es .Thisc orepr i
nc i
pleisde l
iveredi nafi ve cir
cums tanc es
stepmode lf
ra me wor k: •Whe r
ei sc a pital
isat
iona l
lowed
•Ide ntif
yt hec ont rac t
(
s )wi t
hac ustome r •Istherea na lt
e r
na ti
ve
•Ide ntif
yt hepe rf
or ma nc eobl i
ga ti
onsi nt hec ontrac t I
AS36: I
mpai rmentofAs sets
•De te rmi net het rans ac t
ionpr ice •De finiti
onof i
mpa i
rme nt
•Al loc atet het ra nsa cti
onpr i
cet othepe r
forma nc eobl igati
ons •Thea ppli
c a t
ionof I
AS36:
i
nt hec ont rac t -Whe reit applies
•Re c ogni s ere venuewhe n(ora s)thee nti
tysa ti
sfie sa -Whe reit doe snot a ppl
y
pe rforma nc eobl igati
on -I
ndi cati
onsof impa i
rme nt:
•Int
e r
na l
•Externa l

EUOFFI
CE:+38942222032
REGI
STERNOW!!! AFRI
CAOFFICE+233246035185
MOBI
LE:+38971552410
WWW. HL
TI.
ORG USOFFI
CE:+140 65584926 Emai
l:i
nfo@hl
ti
.or
g
 CI
FRS™
Cer
ti
fi
edI
nter
nat
i
onal
Financ
ial
Repor
ti
ngSt
andar
ds
1
2-1
6Dec
201
6
ember

I
AS2I nventori
es I
FRS9: Fi
nanci alI
nstruments
•Defini
ti
ons •Thepha sedc ompleti
onof I
FRS9
•Methodsof i
nvent
oryv
alua
ti
onst
hat
area
ll
owe
dandt
hos
e •Overvi
e wofIFRS9
notal
l
owe d •I
nit
i
al measureme ntof fi
nanci
ali
nst
rume
nts
•Pra
c t
i
calappli
cati
onofI
AS2 •Derecognit
i
onof financi
all
i
abil
i
ti
es
•Deri
vati
ves
Day3:
Appl
i
cat
i
ona
ndAna
lys
is •Embe ddedde r
iva
tiv
e s
I
AS17: Leas es •Recl
a ssi
ficat
ion
•Thedi stinc ti
onbe twe enfi nancea ndope ra t
i
ngl eases •Hedgea ccount i
ng
•Implicitinte r
e strate •I
mpa ir
me nt
•Ba l
anc es he et calculati
onsf orafi na ncele ase •Dis
closures
•Sugge stionsf orc hange :upa ndc omingr e v
isiont othe
Standa rd Day5:TheAnal
ysi
sofAc
count
i
ngI
nf
orma
ti
on
I
FRS8: Oper atingSegment s publ
i
shedunde
rIFRS
•Ar eviewof IFRS8a ndhowi tappliedtot hes e gme ntedor Thef unda me nta lr
a t
iosa ndt he irc al
cul
ati
on
divi
siona l orga nisati
on Commons izes tat
e me nts
•TheChi e fDe cisi
onMa ker’
sv i
ew Ra tesof cha nges tateme ntsa ndr a
ti
os
•Exampl e sof segme ntalreports Thef oll
owi ngs es si
oni sbe stc arri
edout withrefer
e nceto
I
FRS1: Fir st-ti
meAdopt ionofI nter nati
onal Financi alRe- sprea dshe et softwa re.Cons e que ntl
y,al
lde l
egatess houl
d
porti
ngSt andar ds hav ea cce sstoade s kt
oporl a ptopc omput erforthis
•De finiti
onof firs tt
imea doption ses si
on. Inthea bs enc eof spr ea dsheetsuppor t,
thes essi
on
•Ac count ingpol ici
e s willcontinuei nt het radit
iona lwa y .
•Se l
ec tac c ount i
ngpol ici
esba sedonI FRSse ffec ti
vea t
31 Thea nalysi
sof thefi nanc i
a lr
e por t
sof actualor
ga nisati
ons
De cembe r2014. f
rom a r
oundt hewor l
d. Tipsf ora nalysi
ngfi nanc i
alreport
s
•IFRSr e por ti
ngpe ri
ods usinga nEx ce lspre adshe e t
: bri
e frevi
ewof :
•Adjus tme ntsr equiredt omov efrom pr eviousGAAPt o •formul as
IFRSsa t thet imeof first
-ti
mea dopt i
on •fina nc i
alfunc tions
•De r
e cogni t
ionof somepr evi
ousGAAPa s set
sa ndl i
abi
li
ti
es •Da taAna l
ys i
sT oolPa k
•Re cogni ti
onof somea ssetsandl i
a bil
i
ti
e snot re cognised •Gr aphing/ cha rti
ngda ta
unde rpr ev i
ousGAAP Mor ec ompr ehe ns i
ver eviewof financialr
e port
i
ng
•Re cl
a ssifi cation i
nforma ti
on: dril
li
ngdownbyus inga ccount i
ngpoliciesand
•Me as ure me nt note sof expla na ti
on. Mor ede tai
leda nal
ys i
sof:
•Howt or e cogni sea djust
me ntsr equiredtomov ef r
om •wor k i
ngc a pitalandc as hfl owma nageme nt
previousGAAPt oI FRSs •de btors(a ccount srece i
v able )
•Esti
ma te s •creditors(a cc ount spa ya bl
e )
•Cha nge st odi sclosur es •ca pit
a lstr
uc ture
•De t
e rmini ngwhe the rana rr
ange me nt containsal ease Us i
ngs ucht ec hnique sa s
•Optiona l e xempt ionsf r
om theba si
cme as ur
e me ntpri
ncipl
e •ZSc orea nds imilartec hnique s
i
nIFRS1 •St ati
sti
c alandr egre s
s i
ona na l
ys i
s
•Bus i
ne ssc ombi na t
ionst hatoc curredbe foreope ning
balanc es he e tda te Re
vie
wa ndR ev
isi
on
•Opportuni
tytoaskque
sti
onst
othes
pea
ker
Day4:
IFRS14a
ndI
FRS9 •Revi
si
ngf ort
hefi na
lexa
m
I
FRS14: Regul
atoryDef
erralAccount
s
•Object
ive Pr
ogr
ammeCl os
e
•Scope •Fi
nalquest
i
onsanda
nswe
rs
•Accounti
ngpoli
ciesf
orr
egula
torydef
err
ala
ccount
bal
anc
es •Eva
luati
ons
•I
nt
e r
a c
ti
onwi t
hotherSt
andar
ds
•Di
sclosures Ex
ami
nati
on
•Nopenal
tyf
ori
ncor
rec
tans
wer
s

E
xami
nat
i
onMa
rki
nga
ndR
esul
t
s

F
ina
lRe
mar
ksa
ndCl
osi
ng
EUOFFI
CE:+38942222032
REGI
STERNOW!!! AFRI
CAOFFICE+233246035185
MOBI
LE:+38971552410
WWW. HL
TI.
ORG USOFFI
CE:+140 65584926 Emai
l:i
nfo@hl
ti
.or
g
CI
FRS™
Cer
ti
fi
edI
nter
nat
i
onal
Financ
ial
Repor
ti
ngSt
andar
ds
1
2-1
6Dec
201
6
ember

BOOKEARLY
SAVEUS$400!
!
Ear
lyBi
rdDi
scount
s Gr
oupDi
scount
s
Regi
sterandpa
ybef
oreOct
ober16,2016 -US
$2890 3Del egat
es15%
Regi
sterandpa
ybef
oreNovember16,2016 -US
$3090 5Del egat
es20%
Fi
nalPri
ce -US
$3290 *
pleasenotethatal
lgr
oupdiscount
aregivenonthefinalpri
ce

Del
egat
eDet
ail
s
Name: Jobti
tl
e: 1.Pl
easeI
nvoicemyCompany

1 Tel
:
Fax:
Mob:
E-mai
l:
2.Pl
eas
Vi
sa
echar
gemyCr
Mast
edi
erCar
d
tCar
d

Name: Jobti
tl
e:

2 Tel
:
Fax:
Mob:
E-mai
l:

Name: Jobti
tl
e: VENUEDETAI
LS
3 Tel
:
Fax:
Mob:
E-mai
l:
Ali
saHotel,
Accr
a
T
el:+233(0)302214244
CompanyDet
ail
s +233(0)30221 4233
+233(0)30223261 9
Company:
+233(0)302248325
Addr
ess:
Pos
tCode: Emai
l
:inf
o@al
i
sahot
els
.com
Count
ry:
T
el:
Fax:

T
erms&Condi
ti
ons
Payment sandDi scount s
1.Paymentt erms/100% oft hef ullamountatt het i
meofr egi
st rati
on.Ther egistr
at i
onwi l
lbeconfir medonl ywhenf ul
lpaymentr eceived.
Wit ht her egi strationsar eincl udedr ef r
eshment s,lunchesandcour semat eri
als.
2.Togett heear lybi ddi scount s,paymentmustber eceivedbef oret hefinalpr ice.Di scountof ferscannotbecombi nedwit hanyot her
al
ter nat i
veof fer.
3.Subst i
tut eisal wayswel comedbyacol leagueorsi mil
arj obf unct i
on.I fnotpossi bleacr editwi llbegi venwhi chcanbeusedf oranyHL TI
upt o1year .Pl easenot i
fyusassoonaspossi blesowecanmakenecessar yar rangement s.
Cancel l
at i
onPol i
cy
1.Allcancel lationsmustbedonei nwr it
ing.
2.Fullr efundf orcancel l
ationwi llonlybepai doneweekf rom t hei nvoi cedat e;other wise,youwi llreceiveacr editnotetobeusedatot her
HL TIt rainingwhi chmustbeusedwi thin1year .Ref undsar enotgi ven. Therewi llbenocr editissuedf oranycancel l
ati
onl essthan6days.
3.For ceMaj eure:HL TIi snotr esponsi blef oranyl ossordamagei ncaset het r
aining/ eventispost poned,cancel ed,abandonedbyr easonof
war ,fir est orm,expl osion,nat ionalemer gency,l abordi spute,st rike,l ock-out,civil,dist
urbance,act ualort hreatenedviol encebyt error
ist
group,oranyot hercausenotwi thinthecont rolofouri nst i
tute,weshal lbeundernol i
abili
tyto‘ Company’f ornon- per
formanceordel ayin
per formanceorobl igationundert hiscont ractorot herwiseinr espectofanyact ions,cl aims,losses( includingconsequent i
all
osses)cost sor
expenseswhat soeverwhi chmaybebr oughtagai nstorsuf feredori ncur redby‘ Company’ ,ast her esultoft hehappeni ngofsuchevent .
4.Compl aintandRef und:Formor ei nformat i
onregar dingadmi nistrativepol ici
essuchascompl aintandr efund,pl easecont act
Dr.ShpendI mer i,e-mai l
:shpend. imer i
@hl t
i.
org
5.HL TIr eser vest her i
ghtt ochanget hespeaker /trainerorpar t
soft hecont enti ncaseofanyci r
cumst ancest hatexceedt hecontrolofHL TI
whi chnecessi tat est heseal terati
ons,suchaschangesf rom t hespeaker /t
rainer
.Anysubst it
utionorchangewi llbecommuni catedandar e
al
wayskeptt oami ni mum.

Ihaver
eadandagr
eet
othef
oll
owi
ngt
erms&c
ondi
ti
ons Si
gnat
ure: