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International Financial Reporting Standards(IFRS) MasterclassA training program providing you with acompletely up-to-date practical analysis ofthe complex requirements of InternationalFinancial Reporting Standards

30, 31 March 2016, Lahore.

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Workshop Objectives

Workshop Agenda

Workshop Methadology

Workshop Outcomes

Who Should Attend ?

Facilitator

Workshop Info

Bring IFRS Training in-House

Cancellation Policy

Upcoming Programs

Where will You Learn ?

IFRS

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The core IFRS training offers your insight to nearly all the IFRS standards and interpretations that are currently applicable for preparing financial statements and any upcoming changes to those standards.

This program explains in detail the changes made and proposed in current IFRS projects. It reviews several of the more advanced topics in more detail than the IFRS seminar course. There will also be plenty of opportunity to discuss issues that you may have been having in your application of the IFRS standards to your transactions and to explore what the most appropriate treatment might be.

Workshop Objectives

IFRS

IFRS

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This practical 2-day course gives you a profound knowledge of IFRS and covers:

The application of IFRS

The framework for the preparation of financial statements in accordance with IFRS

The most significant standards and interpretations that are currently applicable

Fully up-to-date information that highlights the most recent and newly effective changes

Expected changes to these standards in the near future

Outstanding exposure drafts and discussion papers

What issues are involved in moving from existing IAS to IFRS

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Introduction and basic principles of IFRS

Framework for the preparation and presentation of financial statements, including recent changes and project updates

Financial statement elements: assets, liabilities, equity, income and expenses

Measurement and recognition principles, including discussion of fair value accounting

Consolidated Financial Statements

Fair value measurement (IFRS 13)

Content of IFRS Financial Statements

Presentation of financial statements (IAS 1)

Statement of cash flows (IAS 7)

Accounting policies, changes in accounting estimates and errors (IAS 8)

Events after the reporting period (IAS 10)

Operating segments (IFRS 8)

Related party disclosures (IAS 24)

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Workshop Agenda

IFRS

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Earnings per share (IAS 33)

Interim financial reporting (IAS 34 and IFRIC 10)

Discontinued operations (IFRS 5)

Assets

Inventories (IAS 2)

Construction contracts (IAS 11 and IFRIC 15)

Property, plant & equipment (IAS 16)

Borrowing costs (IAS 23)

Intangible assets (IAS 38)

Investment property (IAS 40)

Impairment of assets (IAS 36)

Non-current assets held for sale (IFRS 5)

Liabilities

Leases (IAS 17, SIC-27, and IFRIC 4)

Update on new standard on Leases

Employee benefits (IAS 19 and IFRIC 14)

Provisions, contingent liabilities and contingent assets (IAS 37)05

IFRS

Share-based payment (IFRS 2)

Financial Instruments

Financial assets and liabilities, hedging and derivatives (IAS 32, IAS 39, IFRS 9)

Financial instrument disclosures (IFRS 7)

Income Taxes

Income taxes (IAS 12)

Revenue Recognition

Revenue (IAS 18, IFRIC 13 and 18)

Construction contracts (IAS 11)

Revenue from Contracts with Customers (IFRS 15)

The effects of changes in foreign exchange rates (IAS 21)

Business Combinations, Consolidations, Associates & Joint Arrangements

Business combinations (IFRS 3)

Consolidated financial statements (IFRS 10)

Separate financial statements (IAS 27)

Investments in associates and joint ventures (IAS 28)

Joint arrangements (IFRS 11)06

IFRS

IFRS

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Disclosure of interests in other entities (IFRS 12)

Accounting and reporting by retirement benefit plans (IAS 26)

Financial reporting in hyperinflationary economies (IAS 29)

Transitioning to IFRSs

First-time adoption of IFRSs (IFRS 1)

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Workshop MethodologyGroup instruction by expert instructors

Review of the rationale and objective for IASB standards

Description and explanation of IFRS technical requirements in clear and simple language

Use of case studies and real-world examples to illustrate practical application of the standards

Interactive participation is encouraged

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Workshop OutcomesApply the requirements of the standards to prepare IFRS compliant financial statements, including the determination of appropriate accounting policies and identification of necessary disclosures.

Define the process of transitioning to IFRS and identify the first time adoption exemption and exceptions relevant to an organization

Explain how the recognition and measurement principles of the IASB’s Framework apply within each accounting standard

List the standards that require or permit the use of fair value measurement, identify how fair value is measured and specify where the fair value changes are recognized

Differentiate between the requirements of current IFRS and proposed changes for the future, including prospects for global convergence of major national accounting standards

Review of the rationale and objective for IASB standards

Description and explanation of IFRS technical requirements in clear and simple language

Use of case studies and real-world examples to illustrate practical application of the standards

IFRS

IFRS

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Who Should Attend?CFO’s & Finance Directors

Treasurers

Management Accountants

Financial analysts

Portfolio managers

Securities analysts

Credit analysts

Auditors & Audit Committee members

Investment analysts

IFRS

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Yasir Riaz is a master IFRS trainer and has conducted numerous IFRS trainings for private and public entities. He is a well-known instructor and consultant specializing in IFRS, GAAP and financial reporting trainings. He is a fellow Chartered Accountant of Institute of chartered Accountants of Pakistan. He is also an associate member of Information System Audit and Control Association, and Association of Certified Fraud Examiner. Yasir has assisted many large financial institutions with technical accounting issues pertaining to complex financial instruments, including those relating to hedge accounting, business combination, financial instruments, consolidation, deferred taxation and recently issued IFRS and IFRIC.He is Senior Partner in a Chartered Accountants firm since 2004. He has served a numerous clients in several industries (commercial and manufacturing, not-for-

FacilitatorYasir Riaz(FCA, CICA)

profits and government) on various audit and consulting engagements (statutory audits, due diligence, reviews of internal control, fraud investigation, training programs etc) including multinational listed companies, public sector entities and SMEs. He is one of the most recognized instructor of IFRS in Pakistan and has a vast experience in training and teaching of financial reporting, financial management, and auditing, practical finance for non-financial executives, and management development for financial executives. His comprehensive proficiency, spanning all the main sectors of the business field makes him an exceptionally potent, self-sufficient instructor in any review course for any one of the above-mentioned professional titles, since each includes a large number of diverse subjects that normally require teaching by different instructors.

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Investment:Rs. 31,500/- + GST Per Participant(Lunch, Program Handouts, Certificate and Networking) Group discount policy applicable

Payment MethodDirect Credit: Online Cross cheque/DD in favor ofTransformation Services Pvt Ltd

Workshop Info

Deadline25 Mar, 2016

Postal AddressTransformation Services Pvt LtdOffice#17, 3rd Floor, Al-Hafeez Tower,MM Alam Road, Lahore

Call +92-335-4020087+92-4235785573

emailregister@transfoserv.com

Website: www.transfoserv.com

Registration Information & To Enroll

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IFRS

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If any registered delegate cannot attend our course, a replacement is always welcome for the course. Cancellations must be made in writing. Written cancellations must reach this office 10 days before the program commences. A full refund less an administration charge of Rs.1500 will be given. For any cancellation, requests that reach us less than 10 days before the event, no refunds will be made. However, if you wish to attend another Training course, a 75% discount voucher which values not more than 75% of the initial payment will be issued.

IIn-house training is an efficient and cost effective way to ensure that your employees are equipped with the knowledge and skills needed to make a real impact in your organization, training can be arranged for anything from small groups to entire divisions and takes place at a time chosen by and convenient to you.We will develop a tailored training program that incorporates topics ranging from basic training modules to more advanced and industry-specific modules covering aspects most relevant to your business.

For more information on holding this, or any other Training course in-house, please contact:Muhammad Nadeem at nadeem@transfoserv.com or call +92 335 4020087

Bring IFRS Training In-house

Cancellation Policy

IFRS

IFRS

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Upcoming Programs

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Where will you Learn?Royal Palm Golf and Country Club, Lahore

30-31 March 2016,9:30 am to 5:30 pmHow to access?

www.transfoserv.comtransfoservTransfoserv

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