By the end of this programme, participants will:
- Have a greater understanding of the current International Accounting Standards and International Financial Reporting Standards.
- Have a good knowledge of the range of financial analysis skills and techniques that create shareholder value.
- Have learned how to integrate the new developments in financial control and management into their corporate environment.
- Have an understanding of corporate governance and the dissemination of information.
- Have an understanding of taxation, tax planning and the methods used to mitigate tax liabilities.
- Have a greater understanding of auditors’ reports and reports to management in relation to Auditing Standards and Practice Statements/International Standards of Auditing.
- Have a greater understanding of Treasury Management techniques and the implications International Accounting Standards have on treasury products.
Treasury Management
- International treasury
- Interest rate risk management
- Financial instruments
- The application of IAS 39
- Case Studies on leading international companies
- Cash management & banking
- Investment and counterparty risk
- Management of foreign exchange risk
- Funding
- Case study: practical examples and guidance from experts
Corporate Governance
- What is corporate governance?
- Objectives and strategy of governance
- The institutional and legislative backgrounds
- Role of Board / Directors (directors’ duties / legal issues)
- Board composition and structure
- Case studies
- Risk management in the boardroom
- The relationship between the board and management
- Shareholder rights and responsibilities
- Corporate governance and value creation
International Financial Reporting Standards (IFRS)
- Current issues and latest developments in IAS
- GAAP Accounting
- Case studies: practical examples of international companies
- Usage of IFRS
Taxation
- Deferred taxation – different approaches including tax rates and discounting
- Measurement/calculation of deferred tax amount in financial statements
- International tax/tax planning
- Corporation tax liability
- Overseas operations/double taxation relief for companies
- Introduction to value added tax (VAT)
- Case Study
Introduction to Risk Management
- Definition of Risk
- Impact of risk on governance
- Types of risks
- Development of risk management
- Principles and aims of risk management
- Risk Management frameworks
- Risk identification / process
- Exercises
Financial Reporting and Performance
- Preparing financial statements for complex groups
- Group cash flow statements
- Group reorganisations and restructuring
- Demergers
- Take-overs
- Group schemes
- Preparing reports for external and internal users
- Corporate governance – latest developments, issues and implications for financial reporting
- Foreign currency transactions and entities
- Case Study
Auditing
- International Standards on Auditing (ISA) and International Audit Practice Statements (IAPS): current issues and developments
- Audit and assurance services
- Professional responsibility and liability
- Corporate governance and the implications for the Auditor
- Practice management
- Audit and business risk
- Audit planning and internal control
- Audit reports that produce results
- Case Study
