Continuous Professional Development

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    AML - Anti-Money Laundering

    Money Laundering

    • What is Money Laundering? 
    • The origins of Money Laundering
    • The Money Laundering Cycle
    • Money Laundering Methods

    Terrorist Financing

    • The Origins of Terrorist Financing
    • How Terrorist Financing Actually Happens
    • Money Laundering and Terrorist Financing

    Combating Money Laundering and Terrorist Financing

    • Money Laundering at an International Level
    • The Global Fight of AML/CFT
    • The Focus of the Regulators
    • Money Laundering Offences

    Taking Action at Home

    • The Consequences on Financial Institutions
    • Banks and Money Laundering
    • High Risk ML Business Structures
    • Red Flags
    • Your Laws and Regulations

    Financial Management

    The below Modules on Financial Management are expected to be completed in a linear fashion, one after the other.

    Module 1: Reading and Understanding Financial Statements

    • Constructing Financial Statements and listening to what they say
    • Beyond the Balance Sheet
    • Creative Accounting

    Module 2: Analysing Financial Statements – 15 CPD credit hours

    • Ways to analyse Financial Statements
    • Ratio Analysis

    Module 4: Valuations – 15 CPD credit hours

    • Project Appraisal
    • Business Valuations

    IFRS - International Financial Reporting Standards

    1. Employee Benefits – 15 CPD credit hours

    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

    2. Financial Instruments – 15 CPD credit hours

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

    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

    3. Revenue Recognition – 15 CPD credit hours

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

    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

    4. Assets 1: Property, Plant and Equipment, Investment Property, Intangible Assets and Inventories – 15 CPD credit hours

    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

    5. Assets 2: Supporting asset standards – 15 CPD credit hours

    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

    6. Leases and other liability-related standards – 15 CPD credit hours

    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.

    IFRS 16 Leases:

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

    7. Business Combinations – 15 CPD credit hours

    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

    8. Group Accounting – 15 CPD credit hours

    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

    9. Taxation – 15 CPD credit hours

    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

    10. Statement of Cash Flows – 15 CPD credit hours

    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 Updates

    IFRS 15 Revenue from Contracts with Customers - 15 CPD credit hours

    • Contract and performance obligations
    • Transaction price and allocation
    • Recognition of revenue
    • Special considerations

    IFRS 16 Leases - 15 CPD credit hours

    • Lease identification
    • Lessee accounting
    • Lessor accounting

    IFRS 9 Financial Instruments - 15 CPD credit hours

    • Recognition and classification
    • Measurement under IFRS 9
    • Impairment
    • Reclassification, derecognition, modifications
    • Derivatives and hedging

    Business Combinations - 15 CPD credit hours

    • Subsidiaries
    • Associates and Joint Arrangements