“ABC” and “Brainstorm Accounting & Book Keeping” Jointly …abc.com.af/images/UAE workshop/5-Days Training on IFRSs at Dubai... · “ABC” and “Brainstorm Accounting &

“ABC” and “Brainstorm Accounting & Book Keeping”Jointly offer

“ABC” and “Brainstorm Accounting & Book Keeping”Jointly offer

Date: 29th September to 3rd October 2013Timings: 09:00 AM to 05:00 PM

Venue: Conference Hall, Business Village, Clock Tower, Deira Dubai, UAE



On

ADVANCEDBUSINESSCONSULTING

BRAINSTORMA C C O U N T I N G & B O O K K E E P I N G

www.bsaccountants.ae

Dubai UAE

Register before 12 September to avail 10% early bird discount.Register before 12 September to avail 10% early bird discount.

Why Accounting?

Accounting is the backbone of every successful organization. Today's accountant not only keeps track of an organization's finances, but he/she also writes the reports that managers use to make their future projections and recommendations.

So why do we need accounting? A s k i n g t h a t q u e s t i o n o f a n accountant is like asking a farmer why we need rain. We need accounting because it's the only way for business to grow and flourish. Accounting is the backbone of the business financial world. After all, accounting was created in response to the development of trade and commerce during the medieval times.

According to the Bureau of Labor Statistics of the United States, accountants and auditors are expected to experience much faster employment growth through 2018, especial ly those who have a professional certification (like CA, CPA, ACCA etc.).

Why to learn IFRSs? What is special in this training?We have designed this training Now a days many international keeping in view the fact that accounting bodies have been participants may be a mix of people established for the development of with different level of knowledge of the accounting profession and Accounting and Financial Reporting, accounting standards. International i . e . s o m e w i t h r e a s o n a b l e

Accounting Standards Board (IASB) knowledge of Accounting literature is an international board of the while some may have little or no I n t e r n a t i o n a l Fe d e r a t i o n o f knowledge. The training material Accountants (IFAC) which has has been designed in a manner that d e ve l o p e d m a ny a cco u nt i n g will fulfill the requirements of both standards anew more projects are type of participants. Both of them underway. These standards require will find the training material and all business entities to comply with training methodology total ly best accounting practices. different and interesting.

Why to attend? Special Features As the accounting has shifted from traditional records maintenance to The participants will:financial reporting required by the ! Become well-versed with the senior management for decision mostly applied IFRSs making, it has become very crucial ! Get best quality training material for every accountant to keep on Accounting Techniques, h i m s e l f a b r e a s t o f c u r r e n t Practice and Financial Reportingdevelopments in the accountancy ! Practice maximum number of profession. IFRSs is heavily affecting MCQs during the classt h e c u r r e n t k n o w l e d g e a n d ! Get to know many things from profession of accounting and every the personal experience of a accountant needs to keep himself qualified CIA trainerknowledgeable and updated on all ! Practice on preparing Model International Financial Reporting Financial StatementsStandards (IFRSs). ! Observe state of the art training

class roomsIFRS' application is becoming for Who should attend? business entities all over the world,

and accountants cannot keep them ! Heads of Accounting and Finance Departmentsaway from the effects of these

mandatory requirements. Most of ! A c c o u n t i n g a n d F i n a n c e Managers and Officersthe countries in Asia have already

! Budgeting Managersstarted applying IFRSs. European Union adopted all IFRSs in 2005 and ! S t u d e n t s o f A c c o u n t i n g U.S. is moving from GAAPS to IFRS Professionin the coming years. India has ! The training may be useful for star ted shifted from its own C F O s a n d I n t e r n a l A u d i t

Managersaccounting standards to IFRSs.

Snapshots of 5 Days Training on Internal Audit and Control in Dubai (June 30 - July 4, 2013)Snapshots of 5 Days Training on Internal Audit and Control in Dubai (June 30 - July 4, 2013)

5 Days at Dubai Training Workshop On International Financial Reporting Standards (IFRSs)

CONTENTS OF THE TRAINING

Not-for-Profit Organizations (Including NGOs)

! Local NGOs

! International NGOs (describing the impact of exchange rates and associated branches)

Companies (in Private Sector)

! Manufacturing Companies

! Service Firms

! Trading Companies

! Statement of Financial Position (Balance Sheet)

! Statement of Comprehensive Income (Income Statement)

! Statement of Cash Flows! Statement of Changes in Equity

! Statement of Financial Position (Balance Sheet)

! Statement of Income and Expenditure! Statement of Cash Flows! Statement of Changes In Accumulated Funds! Project-wise Statements

In this session, practical demonstration on preparation and presentation of financial statements for different sectors will be given to equiped the participants with practical understanding of preparing the financial statement under IFRSs.

(A group photo with the Chief Guest Mr. Fahad Abdullah)(A group photo with the Chief Guest Mr. Fahad Abdullah)


1. The Conceptual Framework of IFRS 2. Financial Statement Presentation (Practice Demonstration) IAS-1 & IAS-8A. The need for International Accounting A. Describe the structure (format) and Standards

content of financial statements ! Introduction to financial statementspresented under IFRS! Introduction to Accounting Standards

B. Prepare an entity's financial statements B. International Accounting Standards in accordance with the prescribed Board (IASB) Frameworkstructure and content of the International

! Role of IASBFinancial Reporting Standards (IFRSs)

! Status of IASB! Contents of the framework! Objectives of the financial statements! Underlying Assumptions of the

financial statements! Accrual Basis! Going Concern! Elements of the financial statements

(definition and rules for recognition)! Assets! Liabilities! Equity! Income! Expenses! Qualitative Characteristics of the

financial statements! Understandability

B. Valuation of Inventories! Relevance (including materiality) 3. Cash Flow Statement (Under IAS - 7)

! FIFO Costing! Reliability A. Fundamental principle in IAS 7! Weighted Average Costing! Comparability B. Presentation of the Statement of Cash C. Interchangeable Items! Recognition of the elements of

Flowsfinancial statements 5. A c c o u n t i n g f o r C o n s t r u c t i o n

C. Cash Inflows and Outflows! Measurement of the elements of Companies (Under IAS - 11)

! Cash flows from Operating Activities financial statements A. Definitions of construction contracts! Cash flows from Investing Activities ! Historical cost B. Accounting treatment of construction ! Cash flows from financing activities ! Net Realizable Value contractsD. Two (2) Methods of preparing ! Current Cost

! Outcome can be reliably estimatedStatement of Cash Flows! Present Value

! Outcome cannot be reliably estimatedC. Th e f u n d a m e n t a l c o n c e p t s o f ! Direct Method, and

C. Disclosures in financial statements relevance and faithful representation ! Indirect Method related to construction contracts('true and fair view') 4. Accounting for Inventories (IAS-2)

D. Financial statement extracts for D. Description of Small and Medium- A. Definition of Inventoriesconstruction contractssized Entities

Group photo of training participants at Sultan Sea Cruise Group photo of training participants at Sultan Sea Cruise


6. Investment property (Under IAS - 40) 9. Provisions and contingencies (IAS-37) 15. Foreign Currency Transactions and A. Definition of Investment Property A. Introduction to provisions Accounting (Under IAS - 21)B. Rules for the recognition of Investment B. Distinguish bet ween legal and A. Currency Concepts

constructive obligationsProperty! Functional CurrencyC. State when provisions may and may C. Measurement! Presentation Currencynot be made and demonstrate how ! at recognition

they should be measured and ! After recognition B. R e p o r t i n g f o r e i g n c u r r e n c y accounted for.D. Accounting treatment at disposal of transactions in the functional currency

D. Definition of contingent assets and Investment Property! Initial recognitionliabilities and description of their 7. Accounting for Property, Plant and ! At subsequent balance sheet datesaccounting treatmentEquipment (Under IAS - 16)

10. Accounting for Liabilities and equity ! Recognition of exchange differencesA. Define and compute the initial A. Types of Liabilitiesmeasurement of a non-current assets 16. Events after balance sheet date (IAS - 10)! Current Liabilitiesand property, plant and equipment A. Definitions! Non-Current Liabilities(including a self-constructed asset and B. Components of Equity B. Adjusting and Non-Adjusting Eventsborrowing costs).! Capital C. Disclosures requirements in the B. Identify subsequent expenditure that ! Retained Earnings financial statementsmay be capitalized, distinguishing ! Other Reserves

between capital and revenue items. 17. Cash Basis Accounting (Applied in NGOs, C. Distinguish between Equity and C. Revaluation of and property, plant and Government Organizations and Donors)Liabilitiesequipment. A. Description of cash basis accounting 11. Accounting for Revenue (Under IAS - 18)

D. Compute depreciation based on the with examplesA. Definitionscost and revaluation models and on

B. Identification of a transaction B. Advantages and disadvantages of cash assets that have t wo or more C. Revenue from sale of goods basis accountingsignificant parts (complex assets).D. Revenue from rendering of services C. Reporting under cash basis accountingE. Disposal of Property, plant and E. Disclosures in financial statements in

equipment 18. Analyzing and interpreting financial respect of Revenue8. Intangible assets other than goodwill statements12. Accounting for Government Grants and

(Under IAS - 38) Donations (Under IAS - 20) A. Calculation and interpretation of A. Nature and accounting treatment of A. Definitions accounting ratios and trends to

internally generated and purchased B. Recognition of government grants address users' and stakeholders' needsintangibles C. Non-monetary government grants

! Profitability ratiosB. Criteria for the initial recognition and D. Disclosures in financial statements in ! Liquidity and gearing ratiosmeasurement of intangible assets respect of Government Grants

C. Subsequent accounting treatment, ! Shareholders' investment ratios13. Employee Salaries & Benefits (IAS - 19)including the principle of impairment A. Accounting treatment for defined B. Limitations of the interpretation tests contribution schemes techniques

D. Description and application of the 14. Accounting for Income Taxes (IAS-12)C. Discussion of the different approaches requirements of relevant accounting A. Account for current taxation in that may be required when assessing s t a n d a r d s t o r e s e a r c h a n d accordance with relevant accounting

the performance of specialized, not-for-development expenditure standards (including income tax and profit and public sector organizationsE. Disposal of intangible assets withholding tax)

Mr. Muhammad Arif S a e e d i s C h a r t e re d Accountant (ACA) of The Institute of Chartered Accountants of Pakistan ( I C A P ) . H e i s a l s o Certified Internal Auditor

(CIA) from the Institute of Internal Auditors (IIA) in the United States.

Presently; he is working with an affiliate firm of RSM International in Afghanistan (6th Largest Accounting Network on the Globe) as partner in its operations in Kabul, Afghanistan.

He has more than 12 years of extensive experience in the field of Financial R e p o r t i n g, F i n a n c i a l M a n a g e m e n t, Management Accounting, Internal Audit, External Audit and Business Planning.

He has vast experience of financial reporting consultancy for public sector entities, private sector entities and funds/projects of international funding agencies (i.e. USAID, UN and EC etc.),.

His areas of expertise are:

! International Financial Reporting Standards (IFRSs)

! International Professional Practices Framework (IPPF) of the Institute of Internal Auditors (IIA)

! International Standards on Auditing (ISAs) - for External Audit

! Business Planning and Financial Management Consultancy, and

! Management Accounting

Profile of The Trainer INVESTMENTUS $ 1,600 per participant (Which includes visa, air ticket, lunch, 2 times high tea, training venue, training material and handouts, and certificate)

The fee does not include the cost of accommodation, however we can facilitate the participants in arranging accommodation for them at very reasonable rates. An intimation from the participants 10 days before the training will be required.

DISCOUNT! Early Bird:

th 10% for registrations before 12 September 2013.! Group:

10% for organizations registering more than 2 participants.

REGISTRATIONBy filling the registration form and paying the fee in advance.

IMPORTANTPayment of fee in advance is a must for confirmation of registration.

WORKSHOP DATES, TIMINGS AND VENUEth rd Dates: 29 September 2013 to 3 October 2013

Timings: 09:00 AM to 05:00 PMVenue: Conference Hall, Business Village, Clock Tower, Deira Dubai, UAE


Ansar AhmadBrainstorm Accounting and Bookkeeping

Usman HafeezAdvanced Business Consulting (ABC)

Mr. Rahim UllahAdvanced Business Consulting (ABC)

[email protected]@bsaccountants.ae

[email protected] [email protected]@googlemail.com

[email protected] [email protected] [email protected]

CellPhone

Fax

Cell

Cell

+ 971 (0) 561 797344 + 971 (0) 42 951484+ 971 (0) 42 951784+ 971 (0) 42 951486

+ 971 (0) 561 797350

+ 93 (0) 787 779429 + 93 (0) 777 000303

Duabi Office

Kabul, Afghanistan

Office



Advanced Business Consulting (ABC) was established in 2007. Its need was emerged from the current demand for business management consulting and training services provision to v a r i o u s o r g a n i z a t i o n s i n Afghanistan. A team of dedicated, e x p e r t a n d e x p e r i e n c e d professionals have been engaged for providing Quality based Management Consulting and Training services to both public as well private sector of Afghanistan.

T h e s p i r i t b e h i n d t h e establ ishment of ABC is to contribute to the reconstruction a n d d e v e l o p m e n t o f Afghanistan.ABC is a Business Edge™ accredited partner in Afghanistan.

For further detail, please visit our website: www.abc.com.af

ABOUT

“Brainstorm Accounting and Bookkeeping” is a professional services firm operating in Dubai, United Arab Emirates. It was established with the vision of providing insightful, cost-effective and reliable outsourcing services to its clients, focusing on their needs. Its aim is to be a one stop accounting and management services firm, by developing a large variety of workable accounting and management solutions. Brainstorm has brought together a team of expert young professionals, which is led by the firm’s qualified partners who possess transnational experience of numerous industries.

Brainstorm is affil iated with International Referral Group, which is the world's largest exclusive network of professional services firms. Its global existence is validated by its portfolio of 750 members worldwide in 120+ jurisdictions."

For further details, please visit our websites: www.bsaccountants.ae www.international-referral.com

ABOUT SPONSOR OF THE TRAINING



Dubai UAE

Under IFRSs - International Financial Reporting Standards Advanced Accounting & Financial Reporting

REGISTRATION FORM


Amount______________________

Dated________________________Name & Signature of

Authorized Official of ABC

_________________________________________

REGISTRATION FEE (US $ 1600) PER PARTICIPANTFull Amount must be paid in advance by cashRegistration Fee includes visa, air ticket, lunch, 2 times high tea, training venue, training material and handouts, and certificate.

Name

Organization

Designation

Contact No

Address

Email

Training Workshop at Dubai

On



Ansar AhmadBrainstorm Accounting and Bookkeeping

[email protected]@bsaccountants.ae

CellPhone

Fax

+ 971 (0) 561 797344 + 971 (0) 42 951484+ 971 (0) 42 951784+ 971 (0) 42 951486

Usman HafeezAdvanced Business Consulting (ABC)

[email protected] [email protected]@googlemail.com

Cell + 971 (0) 561 797350Mr. Rahim UllahAdvanced Business Consulting (ABC)

[email protected] [email protected] [email protected]

Cell + 93 (0) 787 779429 + 93 (0) 777 000303

Kabul, Afghanistan

Office

DubaiOffice



Dubai UAE

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2. Payment for the Event must be received in full by ABC in accordance with ABC's payment terms from time to time in force but in any event not later than 7 Days before the Event. If payment in full is not received before the Event, ABC reserves the right at its sole discretion and without liability either to require payment as a condition of entry to the Event or to refuse entry to the Event. No refunds of any proportion of fees already paid (if any) will be made and any balance of the fees will remain due and payable where entry to an Event is refused under this condition 2.

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6. Registrations cancelled after confirmation by ABC but more than 7 days before the Event are subject to a $200 administration charge and this exclude the visa, ticket etc costs which will be charged as per actual. Registration fees for registrations cancelled 7 days or less before the Event must be paid in full. If you fail to attend an Event, the full fees remain payable and no refunds will be given. ABC reserves the right to cancel any registration after confirmation in which case all fees paid will be refunded. You acknowledge that the refund of registration fees is your sole remedy in the event of cancellation of your registration by ABC and all other liability is expressly excluded.

7. Substitutions are welcome at any time but in all other respects delegate registrations are issued for your personal use only. You may not purchase registrations as agent for any third party or sell or otherwise transfer your registration to others, or exploit the registration commercially or non-commercially in any way.

8. You may transfer your registration for a training course to an alternative course provided that the alternative course takes place within 3 months of the date of the original course. Transfers are subject to availability and to the payment of any additional fees due in respect of the alternative course. You will not be entitled to any refund when you transfer to an alternative course. You may only transfer between courses once. We regret that we cannot accept cancellations once you have transferred to an alternative course and any fees will be remain payable in full. We regret that we cannot accept the transfer of registrations between conferences.

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15. ABC reserves the right to amend these terms and conditions from time to time and you will be subject to the terms and conditions in force at the time you submit your registration.

16. These terms and conditions will be governed by the laws of the Emirate of Dubai and such federal laws of the UAE applicable in the Emirate of Dubai and disputes under or in connection with them shall be subject to the non-exclusive jurisdiction of the Courts of Dubai.

17. ABC won't be liable for denial of visa or deportation of delegate by UAE authority. All delegates and applicants are requested to abide local laws and customs. 18. Delegates who have their own visa or travel plan can contact us for further information. 19. ABC does not guarantee visa and tickets to all participants and any person who is denied visa or ticket should not hold ABC liable, whatever the

circumstances.

TERMS AND CONDITIONS FOR DELEGATES

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Documents

“ABC” and “Brainstorm Accounting & Book Keeping” Jointly …abc.com.af/images/UAE workshop/5-Days Training on IFRSs at Dubai... · “ABC” and “Brainstorm Accounting &