Financial Accounts Workshops - 13 CPD Points

Thomson Reuters is delighted to present the leading financial accounting workshops for 2018.
You need deep and current knowledge to produce compliant financial reports as rules keep changing and new issues emerge. Let our experienced presenter help you refresh your industry knowledge and consolidate your skills.
Use this friendly and detailed workshop to stay on top of your financial accounts challenges.

Start time 8:30 am
Finish time 4:15 pm

Description

OVERVIEW

  • Clear explanations of developments in laws, standards, interpretations and regulatory actions
  • See what changes affect which regimes – Tier 1, RDR, NFP, SPFR + Ch 2M.3, ACNC, etc.
  • Translation of “legalese” into plain English and practical application
  • Apply your knowledge with case study exercises and opportunities to ask questions   

WHY ATTEND

  • Gain a clear understanding of the developments in laws, standards, interpretations and regulator actions
  • Be confident you’re not missing changes and getting out of date
  • Take away illustrations of key report components with current period changes identified
  • Translate theory into practice with case studies and illustrations
  • Be prepared: know what regulators and auditors focus upon
  • We sort the volumes of material so you can focus on major items
  • Work with a presenter who understands a wide cross-section of accounts (listed, not-for-profit, general and special purpose, financial services licensees, registered clubs, financial and property investors, etc.)  

WHAT'S COVERED 

  • All the changes to who has to prepare accounts and what they have to prepare
  • Applying the new revenue standard AASB 15, focussing on these financial statement aspects:
    • Making the decisions on transition elections;
    • Assessing and disclosing the impact at 30 June 2018;
    • Chart of accounts and systems changes on 1 July 2018;
    • Devising, approving and disclosing accounting policy change; and
    • Picturing your financial statement disclosures at 30 June 2019 with comparatives from this year.
  • Not-for-Profit Income accounting – understand and prepare for AASB 1058
  • Preparing for the new financial instruments standard AASB 9, including:
    • Putting a fair value on unlisted investments
    • Making sure your doubtful debts and other impairment assessments meet the new rules
  • Issues in accounting for income tax
    • Journals and disclosures for change in tax rate
    • Recognising tax losses – new clarification of what are acceptable assumptions
    • Accounting for interest and penalties on income taxes
    • New interpretation – mandatory recognition of deferred tax on indefinite-life intangibles
  • Making materiality judgements – new AASB Practice Statement
  • Cash flow statements – new disclosures in debt movements
  • Charities – showing where the money comes from and goes
  • Leases - understanding and preparing for AASB 16
  • Asset impairment
    • Common mistakes revealed by ASIC interventions, and how to avoid them
    • Appropriate approaches by NFP entities
  • ASIC’s concerns and what triggered their requests to change accounts
  • Topic in focus: Reduced disclosure requirements
    • What reductions apply now and what further reductions are proposed
    • Developments affecting Special Purpose financial statements

WHO SHOULD ATTEND

The workshop provides a “how-to” focus on accounts preparation suitable for:

  • Preparers and auditors of any financial statements that apply accounting standards, including statutory special purpose financial statements
  • Financial controllers
  • Financial accountants
  • Partners and staff of accounting practices
  • Company secretaries with annual report responsibilities
  • Accountants in not-for-profit entities
  • Finance managers
  • Anyone seeking explanations of “how to” prepare accounts, rather than high-level summaries of changes 

PRESENTER

David Sauer B. Com., FCA
Principal, David Sauer, Chartered Accountant

David has provided practical professional development for accountants across Australia for over 25 years. He worked at Moore Stephens providing audit and consulting services to a full range of clients before establishing his own practice in 1994. He has worked closely with the accounting bodies, to deliver professional development and service members--for example, working on CPA Australia’s technical hotline for 5 years. His training services are appreciated because of his understanding of the technical issues combined with an ability to communicate with affected parties of widely differing backgrounds. This has also resulted in his authorship of a range of implementation guides and templates, assisting with the translation of rules into compliant outcomes.

CANELLATIONS

Cancellations made 3 days or more prior to the events start date can be rescheduled to a more suitable date or Refunded
Cancellations made less than 24 hours of the events start date or after the event has started: No refund
No shows - No Refund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

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