Money Laundering

• The origins of Money Laundering (ML) to help understand the different stages of Money Laundering and its continuous development
• The size of the Problem and a list of Business areas targeted by money launderers
• The Money Laundering Cycle (Placement, Layering, Integration)
• The Money Laundering Methods used by money launderers

Terrorist Financing

• The history and origins of Terrorist Financing and how it emerged 
• How Terrorist Financing actually happens
• The relationship between Money Laundering and the Financing of Terrorism

Combating Money Laundering and Terrorist Financing

• The history and origins of Terrorist Financing and how it emerged
• How Terrorist Financing actually happens
• The relationship between Money Laundering and the Financing of Terrorism

AML/CFT at Home

• The consequences on Financial Institutions: How these crimes affect financial institutions, legally and financially
• Financial Institutions and Money Laundering: A detailed analysis of the different money laundering methods launderers may use in the financial institutions
• High Risk ML Business Structures: Description and analysis of the sophisticated ML techniques in relation to corporate vehicles
• Red Flags: Description of the Compliance environment in the organisation; A financial institution's measures to prevent ML
• The AML law in Your Jurisdiction: Internal controls, procedures and risk management

• Ways to analyse Financial Statements
• Ratio Analysis

Application of real-life tools in real-life cases

• Project Appraisal
• Business Valuations
• Risk Management

• Costing, Pricing and Decision-making Techniques
• Budgeting and Control
• Performance Measurement and Control

Explores a range of employee remuneration arrangements with special focus on post-employment benefits.

IAS 19: Employee Benefits

• Types of employee benefits
• Recognition and measurement of short-term employment benefits
• Post-employment benefits: Defined contribution plans
• Post-employment benefits: Defined benefit plans, including the projected unit credit method, the accounting of actuarial differences, curtailments and settlements and the asset ceiling test
• Accounting for other long-term benefits
• Termination benefits

Covers all aspects of accounting for financial instruments, from the mechanics of amortised cost to embedded derivatives and hedge accounting.

IAS 32: Financial Instruments: Presentation

• Definitions of financial assets, financial liabilities and equity instruments
• The debt vs. equity distinction
• Compound financial instruments

IAS 39: Financial Instruments: Recognition and Measurement

• Categories of financial instruments, including recognition, classification, reclassification and derecognition
• Measurement rules for each category
• Impairment
• Financial instruments denominated in a foreign currency
• Derivatives, including examples and accounting treatment
• Embedded derivatives
• Hedge accounting, including accounting for a fair value hedge, cash flow hedge and foreign entity hedge

IFRS 7: Financial Instruments: Disclosures

• Information about the significance of financial instruments
• Information about the nature and extent of risks arising from financial instruments

IFRS 9: Financial Instruments

• Background as to the replacement of IAS 39
• Recognition and classification
• Measurement and impairment
• Reclassification, derecognition and modifications
• Derivatives and hedging

Offers a comprehensive review of the accounting rules pertaining to the recognition of various sources of revenue.

IAS 18: Revenue

• Recognition of revenue from sale of goods, services, interest, royalties and dividends
• Measurement of revenue from sale of goods, services, interest, royalties and dividends
• Special considerations such as sale and repurchase agreements, consignment sales, customer loyalty programmes, packaged sales etc.

IAS 11: Construction Contracts

• Cost-plus and fixed-price contracts
• Measurement of contract revenue and contract costs
• Revenue recognition methods, including the stage of completion method
• Accounting treatment when the outcome of the contract cannot be estimated reliably
• Agreements for the construction of real estate

IFRS 15: Revenue from Contracts with Customers

• Background as to the replacement of all revenue-related standards by IFRS15
• Study of the new 5-Step revenue recognition model
• Identification of the performance obligations in a contract
• Measurement of the transaction price
• Recognition of revenue over time vs. a point in time
• Special considerations such as warranties, repurchase options, principal vs agent, customer and licencing

Provides an integrated discussion on the main issues involved in accounting for the most common non-financial asset types, including measurement approaches based on cost and fair value and depreciation.

IAS 16: Property, Plant and Equipment

• Recognition and initial measurement, including expenditure items that must be capitalised
• Dismantling, removal and restoration costs
• Cost model and revaluation model, including the treatment of gains and losses on revaluation
• Depreciation
• Derecognition, presentation and disclosure

IAS 40: Investment Property

• Recognition, including special cases, for example combined use
• Initial measurement
• Subsequent measurement, including the cost and fair value models
• Derecognition, transfers and disclosure

IAS 38: Intangible Assets

• Recognition
• Initial measurement
• Subsequent measurement including cost and revaluation models
• Useful life, including finite and indefinite useful life intangibles
• Derecognition and disclosure
• Amortisation

IAS 2: Inventories

• Recognition
• Initial measurement of acquired and manufactured inventories
• Subsequent measurement, including cost formulae and write down to net realisable value

Explores issues common across asset categories such as impairment, borrowing costs and the treatment of assets held for sale.

IAS 23: Borrowing costs

• Scope of IAS 23
• Qualifying assets
• Determination of borrowing costs to be capitalised with regard to general borrowings and specific borrowings
• Capitalisation period

IAS 20: Accounting for Government Grants and Disclosure of Government Assistance

• Definition of government grants and government assistance
• Grants relating to assets
• Grants relating to income
• Grants relating to past expenses

IAS 36: Impairment of Assets

• Scope of IAS 36
• Frequency of impairment testing
• Indications of impairment
• Impairment of a single asset
• Impairment of a cash generating unit
• Reversal of impairment losses

IFRS 5: Non-current Assets Held for Sale and Discontinued Operations

• Recognition, measurement and presentation of non – current assets held for sale, including disposal groups

Discusses the IFRS requirements in respect of operating and finance leases and related transactions such as sale and leaseback agreements.

The module also explores the rules behind provisions and contingencies.

IAS 17: Leases

• Definition of a finance lease, including indications that a lease is a finance lease
• Accounting for a finance lease in the lessee and the lessor financial statements
• Implicit interest rate
• Accounting for an operating lease in the lessee and the lessor financial statements including operating lease incentives
• Sale and leaseback
• Property leases
• Current developments in lease accounting
• Manufacturer or dealer lessors

IAS 37: Provisions, Contingent Liabilities and Contingent Assets

• Recognition and measurement of provisions, including legal and constructive obligations
• Onerous contracts, restructuring provisions and decommissioning provisions
• Disclosure of contingent liabilities and contingent assets

IFRS 16 Leases:

• Background
• Recognition exemptions
• Accounting by lessees
• Accounting by lessors
• Sale and leaseback transactions
• Transition

Offers a step-by-step guide to the accounting of a business combination, including the definition of control. This module also explores the accounting of an associate and a joint venture in contrast with a subsidiary.

IFRS 10: Consolidated Financial Statements

• Definition of control, including the definition of power and the distinction between substantive and protective rights and also de facto control
• Definition of a subsidiary and when this must be consolidated
• Date of acquisition
• Consolidation procedures
• Intercompany balances and transactions
• Non-controlling interest

IFRS 3: Business Combinations

• Definition of a business combination
• Goodwill calculation, including consideration transferred, the net assets acquired and impairment testing
• Gain on acquisition
• Initial accounting determined provisionally
• The two methods of accounting for non-controlling interest

IAS 27: Separate Financial Statements

• Accounting policy choices for the investments in subsidiaries, associates and joint ventures in the separate financial statements of the
  parent or investor.
  
  
  

IAS 28: Investments in Associates and Joint Ventures

• Definition of an associate
• Equity method
• Impairment testing

IFRS 11: Joint Arrangements

• Definition of joint arrangements and determining the type of joint arrangement
• Joint control
• Accounting for a joint operation
• Accounting for a joint venture

IFRS 12: Disclosure of Interests in Other Entities

• Significant judgement and assumptions
• Interest in subsidiaries
• Interest in associates and joint arrangements
• Interests in unconsolidated structured entities

Covers more advanced topics relevant to group accounting, including step-acquisition and disposals as well as issues relevant to consolidation in a multicurrency environment. 

Advance consolidations

• Step acquisitions
• Disposals

IAS 21: The Effects of Changes in Foreign Exchange Rates

• Accounting for foreign exchange transactions in single entity financial statements
• Acquisition of a foreign operation including the closing rate method of consolidation
• Foreign exchange differences
• Disposal of a foreign operation

IAS 29: Financial Reporting in Hyperinflationary Economies

• Definition of hyperinflationary
• Restatement of financial statements

Provides a comprehensive review of all tax-related accounting issues, focusing on deferred tax rules and their application to common real-life business scenarios.

IAS 12: Income Taxes

• Current tax
• The concept of deferred tax
• Recognition of deferred tax liabilities
• Recognition of deferred tax assets
• Movement of deferred tax
• Deferred tax in consolidated financial statements, including the business combination exemption, fair value adjustments and elimination of unrealised profits
• Deferred tax relating to share-based payment

Gives practical insight into the mechanics of the statement of cash flows in single-entity and consolidated financial statements.

IAS 7: Statement of Cash Flows

• Single entity statement of cash flows
• Consolidated statement of cash flows, including the acquisition and disposal of subsidiaries and associates
• Foreign exchange transactions and operations
• Specific consideration of share-based payments and convertible instruments

IFRS 9: Financial Instruments

• Background as to the replacement of IAS 39
• Recognition and classification
• Measurement and impairment
• Reclassification, derecognition and modifications
• Derivatives and hedging

IFRS 15: Revenue from Contracts with Customers

• Background as to the replacement of all revenue-related standards by IFRS15
• Study of the new 5-Step revenue recognition model
• Identification of the performance obligations in a contract
• Measurement of the transaction price
• Recognition of revenue over time vs. a point in time
• Special considerations such as warranties, repurchase options, principal vs agent, customer and licencing

IFRS 16 Leases:

• Background
• Recognition exemptions
• Accounting by lessees
• Accounting by lessors
• Sale and leaseback transactions
• Transition

• Subsidiaries
• Associates and Joint Arrangements