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!

FRS 102 – Accounting for Fixed Assets

This course is an introduction to accounting for fixed assets under FRS 102 in the UK and provides a practical guide on how to approach accounting for fixed assets. It will involve case studies to illustrate all aspects of fixed asset accounting and will cover recent accounting issues. It will be a comprehensive guide for those in industry and commerce and will also be useful to those in public bodies.  The impact of, and comparison with, IFRS will be discussed.  Case studies will be used throughout to illustrate accounting entries.

FRS 102 – Practical Scenarios and How to Deal with Them

Getting to grips with FRS 102 for small and medium-sized entities is proving a challenge for those entities as well as their accountants and advisors! This practical one-day course considers some of the specific issues on transition to FRS 102, including the options on transition, the adjustments that arise and the impact on current and deferred tax will also be outlined.

The course is designed to be a practical and interactive session so that delegates can go through real situations and learn how to deal with them. Frequently asked questions will be covered and practical solutions given. The session includes several case study examples to help participants understand the effect of the transition on financial statements.

Fundamentals of Transfer Pricing

This fundamentals of transfer pricing course gives a comprehensive overview of tax, accounting, or legal professionals working in-house or in an advisory firm, for those who need a broad, introductory understanding of transfer pricing or who want to lay the foundations for further learning about transfer pricing.

The course includes a review of the latest developments, which currently include:

  • The OECD’s likely introduction of new rules under which multinationals can have taxable presence in market jurisdictions. This is likely to entail new rules for determining profits that may override the arm’s length test.
  • The EU’s introduction of DAC 6, under which multinationals and advisers will have mandatory obligations to file disclosures of transfer pricing arrangements that meet certain criteria.

The course is not specific to any particular country; it is based on international norms. Nor is it specific to any industry; it covers transactions that arise in almost all industries.

Fundamentals of Transfer Pricing – Session 1 & 2

This fundamentals of transfer pricing course gives a comprehensive overview of tax, accounting, or legal professionals working in-house or in an advisory firm, for those who need a broad, introductory understanding of transfer pricing or who want to lay the foundations for further learning about transfer pricing.

The course includes a review of the latest developments, which currently include:

  • The OECD’s likely introduction of new rules under which multinationals can have taxable presence in market jurisdictions. This is likely to entail new rules for determining profits that may override the arm’s length test.
  • The EU’s introduction of DAC 6, under which multinationals and advisers will have mandatory obligations to file disclosures of transfer pricing arrangements that meet certain criteria.

The course is not specific to any particular country; it is based on international norms. Nor is it specific to any industry; it covers transactions that arise in almost all industries.

GDPR Refresher and Update

All businesses operating in the UK hold information about individuals (whether they be employees, customers or anyone else) and so are affected by data protection laws. Since failure to comply with requirements can result in regulatory action and criminal as well as civil liability, no organisation can afford to ignore the issue of data protection.

The EU General Data Protection Regulation (GDPR) builds on existing legislation but introduces some substantial new aspects, including, for example, that fines for non-compliance can be an eye watering €20m or 4% of annual group turnover! Brexit is not an escape clause – the GDPR comes into full effect in the UK in May 2018, when the UK will still be in the EU. And there is also a new Privacy Regulation to come into force in the same time scale.

This Introduction to General Data Protection Regulation (GDPR) training course is a practical guide to how data protection works and how the principles must be applied in a variety of contexts, how to prepare for the GDPR and other new EU developments in data protection.

Group Taxation

The Group Taxation course will give participants a practical guide to the workings of the UK group corporation tax regime. Case studies and computations will aid the learning process.

At the end of the course delegates will benefit from an understanding of the taxation consequences of creating a group having worked through a variety of computations on group taxation, group relief, group capital gains.  They will also gain an appreciation of problem areas in group taxation and planning.

The course will include tax calculations for groups of companies, group loss relief tax rules and procedures and group payment and administration and compliance rules and available relaxations with HMRC.  Any recent developments in UK group taxation law and practice will also be covered together with any recent case law decisions which are likely to be of day to day relevance to the busy group tax manager or adviser.

IFRS 15 – Revenue from Contracts

Revenue recognition has been at the heart of many accounting scandals, with huge inconsistencies between entities.  IFRS 15 replaced IAS 18 Revenue and IAS 11 Construction Contracts for periods ending 31 December 2018 onwards. It has surprised entities with its level of detail and the realisation that accounting does not necessarily follow the information presented in a contract to a customer.

The comprehensive standard aims to tighten up the accounting for revenue and improve comparability and disclosure. Even where an entity concludes that the new standard does not materially change a former accounting treatment, it will need to justify this, and continue to assess that this holds true in future periods.

Entities will need to consider whether to change the way they negotiate and word their contracts so as to facilitate their accounting, how they make and control the many judgements & assumptions required in the accounting approach, and whether their systems are adequate to manage the on-going application and disclosure requirements. The importance of having a comprehensive understanding of this standard extends beyond the finance department, most notably to legal teams to understand the impact for the contracts they write, and for the sales departments understand how changes to revenue recognition may affect their commission and bonus.

IFRS 15 – Revenue from Contracts

This half day IFRS 15 – Revenue from Contracts training course provides an in-depth understanding of the requirements of IFRS 15 using a number of examples and exercises.

Revenue recognition has been at the heart of many accounting scandals, with huge inconsistencies between entities.  Hence IFRS 15 is a very detailed and comprehensive standard that aims to tighten up the accounting for revenue and improve comparability. Even where an entity’s results are not expected to change significantly, there is still a significant increase in the volume of disclosure required.

There are some significant decisions to be made when transitioning to IFRS 15, namely whether to take a fully retrospective or cumulative catch-up approach, how to make and control the many judgements & assumptions required in the accounting approach, and whether your systems can manage the on-going application and disclosure requirements.

IFRS 16 – Leases

2019 hailed the end to operating leases and off-balance sheet financing in the accounts of lessees.  Companies of all sizes, and in all industries, have been affected by the introduction of IFRS 16, forcing them to bring approx. $3tn of leasing obligations on their balance sheets. The change in accounting has impacted their P&L profile, debt covenants and credit scores.

IFRS 16 requires many assumptions and estimates to be made at the inception of a lease and then reviewed and revised at each reporting date. This presents challenges and an increased volume of work for the accountant, especially for entities that have lease extension/ termination options or variable lease payments.

For those who haven’t yet adopted IFRS 16, how will you identify all your leases and gather the data required to calculate the necessary adjustments on transition? Will the standard change your decision to buy rather than lease?

This course will provide a detailed analysis of the requirements, using exercises and examples to enhance understanding.

IFRS 16 – Leases

This half day IFRS 16 leases training course provides a comprehensive look into IFRS 16 – Leases.

2019 hails the end to operating leases and off-balance sheet financing in the accounts of lessees.  The IASB expects one in two quoted companies to be affected by the introduction of IFRS 16, forcing them to bring approx. $3tn of leasing obligations on their balance sheets. This change in accounting will impact companies P&L profile, debt covenants and credit scores.

For existing finance leases, the standard will also bring changes, and increase the accounting complexity. Owing to the number of assumptions and estimates required by IFRS 16, ongoing annual maintenance of the accounting numbers will be significantly increased, especially for entities that have lease extension/termination options or variable lease payments.

How will companies identify all their leases and gather the data required to calculate the necessary adjustments on transition? Will the standard change decisions to buy rather than lease? These questions will be addressed as part of a detailed analysis of the requirements, using exercises and examples to enhance understanding.

IFRS 16 and Topic 842 – Lease Accounting for Dual Preparers

By the end of this course participants will take away a thorough understanding of leases and arrangements deemed to be leases and the need for robust accounting rules and disclosure in this important area of finance.

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.

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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