Improve your experience. We are very sorry but this website does not support Internet Explorer. We recommend using a different browser that is supported such as Google Chrome or Mozilla Firefox.

Financial Accounts Workshops - 2 Day Event

Thomson Reuters is delighted to present their leading financial accounting workshops for 2021. 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 9:00 am Finish time 4:30 pm

Description

OVERVIEW

2021 brings new challenges in financial reporting.  Stay on top with this workshop helping you deal with the move to the new Tier 2 (AASB 1060) reporting framework, transition from special purpose statements, a second year in a COVID-19 environment and much more!

  • Choose your format – face to face, livestream, recording, or combination
  • See what changes affect which regimes – Tier 1, RDR / SDR, NFP, SPFR + Ch 2M.3, ACNC, etc.
  • Go beyond the headlines – see what to do line by line in your statements
  • 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  • Be confident you’re not missing changes and getting out of date
  • Receive timely information helping you decide in which year to transition
  • Take away illustrations of key report components
  • Reporting requirements decision trees updated for the 2021 and 2022 changes
  • Translate theory into practice with case studies and illustrations
  • Be prepared: know what regulators and auditors are watching
  • 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, aged care, financial and property investors, etc.)

TOPIC's COVERED 

Day 1 Morning : Changes To Reporting Frameworks

  • Removal of special purpose financial statements – how to choose when to do it, and what to do
    • Why 2021 is the year for many to get this done
    • Illustrations of disclosures, transition relief, and common problem areas
  • AASB 1060 Simplified disclosures
    • What disclosures are removed and which are added?
    • How to be eligible for transition relief
  • Changes to thresholds for NFP Tiers of reporting and definition of NFP

Day 1 Afternoon : Accounting Policy and Disclosure Changes

  • New and forthcoming standards
  • Accounting policy change versus change in estimate versus prior period error
    • Application to transition from Special purpose reports
    • Application to transition from Special purpose reports
  • How to prepare for coming changes to income statement and cash flow statement
  • Impact of independence rules on accounts preparation

 Day 2 Morning : Statements In Year 2 of a Pandemic

  •  Common problem areas and a review of how others have tackled them
  • Typical changes and disclosures required in a year 2 of COVID
    • Illustrations for different situations
    • Disclosures needed to keep your statements compliant
    • New IASB material on basis other than going concern
    • Common issues for lessees and lessors, including extension of AASB 16 relief

Day 2 Afternoon : Practical Application Issues in 2021 Statements

  • Taxation issues flowing through to financial statements
  • Common questions: Capitalise or expense?
  • Steps to address regulator focus areas
  • Climate-related risk disclosures - what is relevant for your entity?
  • Traps in related parties and remuneration disclosure
  • Impact of independence rules on accounts preparation

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 is an independent consultant specialising in external reporting and audit.  He has provided practical professional development for accountants across Australia for over 30 years. 

He worked for 11 years with Deloitte and then Moore Stephens, where he was involved with writing model financial statements. 

His training services are appreciated because of his understanding of the technical issues combined with an ability to communicate with affected parties of differing backgrounds. 

David is able to draw on a wide range of circumstances to present training, including cases drawn from the technical advice he provides to accountants and directors of entities large and small.

CANCELLATIONS

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

CPD credit information

13 points

Similar courses

Financial Accounts Workshop - Day 1 Only

Thomson Reuters is delighted to present their leading financial accounting workshops for 2021. 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 9:00 am Finish time 4:30pm

More Information
Financial Accounts Workshop - Day 2 Only

Thomson Reuters is delighted to present their leading financial accounting workshops for 2021. 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 9:00 am Finish time 4:30 pm

More Information
Financial Accounts Workshop - Selectable Half Day Sessions

Thomson Reuters is delighted to present their leading financial accounting workshops for 2021. 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.

More Information
Financial Accounts Virtual Workshop - 2 Days

Thomson Reuters is delighted to present their leading financial accounting workshops for 2021 virtual webinar. 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 9:00 am Finish time 4:30 pm

More Information
Financial Accounts Virtual Workshop - Day 1 Only

Thomson Reuters is delighted to present their leading financial accounting workshops for 2021 via virtual webinar. 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 9:00 am Finish time 4:30pm

More Information
Financial Accounts Virtual Workshop - Day 2 Only

Thomson Reuters is delighted to present their leading financial accounting workshops for 2021 via virtual webinar. 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 9:00 am Finish time 4:30 pm

More Information
Financial Accounts Virtual Workshop - Selectable Half Day Sessions

Thomson Reuters is delighted to present their leading financial accounting workshops for 2021 via virtual webinar. 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.

More Information

Press enter to see more results