We provide an extensive programme of specialist courses for business and finance professionals. Our courses are suitable for every level of staff from new starters to specialists. All our courses are delivered in a practical, interactive workshop-style environment. We limit the number of attendees so we can deliver a more personal experience. We provide you with everything you need on the day – from comprehensive course materials to full refreshments. Our courses will provide a great learning experience!

IFRS 17 Insurance Contract Accounting – How to do the numbers (Two day)

By the end of the course participants will be able to demonstrate a thorough working knowledge of the rules applied by IFRS 17.

IFRS 17 Insurance Contracts (Half day)

By the end of the course participants will be able to demonstrate a working knowledge of the basic elements of the general accounting model applied by IFRS 17.

IFRS 17 Insurance Contracts (One day)

This IFRS 17 one day training course will commence with a review of the basics of the general accounting model for insurance contracts using a worked numbers example. This will be followed by a consideration of the main areas of difficulty that will arise in practice in applying the model to insurance contracts. These and the IFRS 17 solution to them will be illustrated (where appropriate) with further numbers examples which will be worked through interactively with the participants.

IFRS 17 changes fundamentally the way in which insurance contracts are accounted for over time. After investing 20 or so years of development effort into IFRS 17, the IASB expectation is that it will bring greater transparency about the profitability and financial position resulting from conducting insurance contract business.

Preparing for and implementing IFRS 17 is problematic and challenging, requiring considerable effort to gain an initial understanding of the impact on the reported numbers as well as identifying upgrades to processes and systems to ensure they can provide IFRS 17 compliant data.

Learning outcomes

By the end of the course participants will be able to:

  • Demonstrate a working knowledge of the basic elements of the general accounting model applied by IFRS 17
  • Articulate the key numbers that will be presented in the statements of profit or loss and financial position and how different they are to those under current practice
  • Communicate to others the story that the IFRS 17 numbers are telling
  • Explain the main areas of difficulty that will most likely arise in practice
  • Articulate the permitted modifications to the general model, in particular the premium allocation approach
  • Demonstrate the timetable for transition to IFRS 17 and explain the processes and pros and cons of the different options available.

IFRS 9 – Financial instruments

Financial instruments are found in every business, not just in the balance sheet of financial institutions. They include trade receivables/ payables, third party and inter-company loans, the issue of, or investment in bonds, equity investments and derivatives.

IFRS 9 Financial instruments became effective for periods beginning on/ after 1 January 2018. It replaced IAS 39 which was criticised for being overly complex, too rules-based and not prudent enough when it came to recognising impairments of financial assets.

The standard was released in three phases: recognition and measurement, hedge accounting and, finally, impairment. Although entities were permitted to early adopt each phase, most delayed adoption until the mandatory date.

The new standard is still challenging, but is generally easier to follow than IAS 39, with the exception of the new impairment model which presents significant challenges. It requires entities to apply an expected-loss model that anticipates the risk of defaults from initial recognition, and revises estimates each reporting date. This will impact all businesses, increasing the size of write-downs of trade receivables, loan receivables and lease receivables, and causing greater volatility in profit or loss.

This course will guide you through the aspects of the standard that apply to all non-financial institutions. Using examples and exercises, it will aim to explain the concepts in clear, simple language, and flag some of the issues that arise when applying the requirements in practice.

IFRS 9 Accounting for Financial Instruments

By the end of this course participants will take away a thorough understanding of what financial instruments are and the need for robust accounting rules and disclosure in this area.

IFRS Comprehensive Refresher – Day 1

The mutually exclusive two days of this course are designed to provide delegates with a thorough understanding of the accounting and financial reporting requirements of key IFRSs including an insight into the latest changes.  As the days are mutually exclusive, it is possible to book only one of the days. 

Day 1 is designed to provide delegates with a thorough understanding of the accounting treatment and financial reporting requirements of some of the most key standards. Topics are explained thoroughly and accompanied by illustrative examples throughout.

IFRS Comprehensive Refresher – Day 2

The mutually exclusive two days of this course are designed to provide delegates with a thorough understanding of the accounting and financial reporting requirements of key IFRSs including an insight into the latest changes. As the days are mutually exclusive, it is possible to book only one of the days.

The course is ideal for anyone in need of a thorough and up to date refresher of IFRS in a practical and relevant way. It might be that you have not dealt with the detail of IFRS for some time, or that you have been focusing on a few IFRS standards in your work place, necessitating a refresher and update in all of the key areas.

IFRS Group Reporting – A Comprehensive Primer

By the end of this course participants will be able to:

  • Analyse transactions with a view of identifying the status of interests in entities acquired by a group and be able to explain to others the impact of such transactions on the group structure and financial risk profile
  • demonstrate a working knowledge of how consolidations work following the relevant IFRS standards and the numbers that arise a result of the consolidation process
  • articulate the impact on the group financial statements of acquiring and disposing of interests in entities
  • appreciate the importance of the disclosure regime applied by IFRS 12 

IFRS Update – Including Revenue, Financial Instruments and Leasing

This IFRS Update  training course will bring you up to date with the changes to IFRS that have become effective over the past year and the new standards and key exposure drafts proposing changes for the future. It features an in-depth examination of IFRS 16, the leasing standard.

Implementing FRS 102 for Public Benefit Entities

Medium and large not-for-profit entities implemented FRS 102 for the first time during 2016. For many it has been a difficult transition. Some staff at such entities may find it useful to consider the finer detail of FRS 102, which will be covered in this course.

It is during 2017 that small entities will be forced to implement FRS 102, or a tailored version of it, for the first time. This course will go through the key accounting changes that public benefit entities such as charities and housing associations will need to implement as a result of the introduction of FRS 102. This will include transitioning to the FRS 102 SORP from the FRSSE SORP. The disclosure exemptions contained within Section 1A of FRS 102 will also be considered.

Influencing and Rapport Building Skills

Your ability to influence and build rapport will allow you to develop stronger and longer lasting relationships with colleagues and clients. Through an improved understanding and application of different communication styles, you will further develop the core skills that are essential to your role as a manager. You will gain insights into emotional intelligence and its role in persuading and influencing others. It is important to be able to demonstrate confidence and capability in handling challenging situations and challenging people in a variety of professional and personal situations.

Influencing and Rapport Building Skills

Your ability to influence and build rapport will allow you to develop stronger and longer lasting relationships with colleagues and clients. Through an improved understanding and application of different communication styles, you will further develop the core skills that are essential to your role as a manager. You will gain insights into emotional intelligence and its role in persuading and influencing others. It is important to be able to demonstrate confidence and capability in handling challenging situations and challenging people in a variety of professional and personal situations.

More about our courses

With our extensive programme of Accounting and Finance, Taxation, VAT, Governance, Risk and Compliance, Financial Markets and Corporate Treasury, and Charities courses, we can help improve the knowledge and efficiency of your entire team and keep you ahead of ever-changing regulations and developments.

You can easily ask questions and discuss scenarios relevant to your business or workplace. Our comprehensive courses aim to provide a thorough understanding of specific topic areas. As well as a range of refresher and update courses to assist you if you need to update your knowledge.

Whichever course you attend, our expert trainers have been carefully selected for their knowledge and experience. They deliver the courses from a practical perspective giving you the skills to enable you to use what you’ve learned back in the office. 

Onsite training – All courses can be run onsite and tailored to meet your specific training needs. We can also put together bespoke courses if you do not see anything that meets your requirements in our programme. Our trainers are specialists in their respective fields and deliver engaging and informative courses supported by relevant course materials. Find out more here.

If you have an enquiry regarding any one of our courses or you are interested in running a course onsite, our training team would be delighted to help. You can call us on 0844 873 2121 or by contacting us on courses@quorumtraining.com.

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