13 IFRS courses

OVERVIEW -------------------------------------------------------------------------------- Currently, IFRS consists of two principles-based standards, IAS 18 Revenue and IAS 11 (Construction Contracts) and three IFRS Interpretations. These were criticised for failing to provide adequate guidance on application - they have been described as 'vague and inconsistent'. The IASB and the US Financial Accounting Standards Board (FASB) collaborated on a project to develop improved, converged standards for revenue recognition. Preparers must develop a policy for measuring the amount and timing for recognising revenue for goods and services. Revenue is a key performance indicator that drives the recognition of expenses and profits and the valuation of an entity.

An overview of new disclosure reporting standards IFRS S1 and IFRS S2

OVERVIEW -------------------------------------------------------------------------------- The most significant network between the organisation and their investors is Financial Statements and annual reports. It is very important to understand the role of these factors to have better communication channels. This course will give you intense knowledge to prepare financial statements according to International Financial Reporting Standards. IFRS regulates financial reporting standards and according to it the company's financial reporting should be transparent. Thus, if it is as per IFRS rules, its credibility can be trusted.  It will also help to analyse the financial statement and annual reports. It will enable you to evaluate corporate accounts and make strong decisions and judgements about the company's status.

OVERVIEW -------------------------------------------------------------------------------- This five-day workshop provides a detailed review of significant IFRS requirements for the upstream oil and gas sector, including regulatory reporting and the diverse accounting practices that arise from the many commercial and contracting arrangements which are unique to it. It includes coverage of IFRSs, hands-on case studies, examples, exercises, and benefits from the interactive participation of the attendees. The program includes the latest pronouncements, and participants are brought up-to-date on all topics. In addition, participants are provided with information to assist them in researching accounting issues and monitoring future changes.

ABOUT THIS TRAINING COURSE The aim of this exclusive 5-days training course is to raise an intermediate level to your knowledge and understanding of international E&P finance and accounting. This is achieved by in-depth examination of international practices and current developments across a broad range of relevant topics. You are encouraged to challenge existing methods as a basis for reviewing procedures and introducing improvements in your own work place. Training Objectives After the completion of this training course, participants will be able to: * Enhance your comprehension of accounting and reporting issues unique to the E&P industry with emphasis on the application of International Financial Reporting Standards (IFRS) * Improve your understanding of the accounting and reporting of Sales Revenue, Farm In/Farm Out, and Carried Interest * Enhance your knowledge of Production Sharing Contracts and Joint Venture Accounting issues including Unitisation & Redetermination * Advance your knowledge of the Corporate Budget and Planning process including a review of Key Performance Indicators and Company Strategy * Raise your awareness of the E&P business activity for which we are accounting and reporting Target Audience We recommend that, to derive maximum benefit from this course, you should first attend our predecessor Level 1 course. Otherwise, this course is suitable for personnel with a good foundation knowledge in exploration and production accounting. Course Level * Intermediate Training Methods The training instructor relies on a highly interactive training method to enhance the learning process. This method ensures that all participants gain a complete understanding of all the topics covered. The training environment is highly stimulating, challenging, and effective because the participants will learn by case studies which will allow them to apply the material taught in their own organization. Course Duration: 5 days in total (35 hours). Training Schedule 0830 - Registration 0900 - Start of training 1030 - Morning Break 1045 - Training recommences 1230 - Lunch Break 1330 - Training recommences 1515 - Evening break 1530 - Training recommences 1700 - End of Training The maximum number of participants allowed for this training course is 25. This course is also available through our Virtual Instructor Led Training (VILT) format. Trainer Your expert course leader has more than 30 years of experience in the international oil and gas industry, covering all areas of Finance and Audit, including involvement in Commercial roles. During her 19 years with ENI she worked in Italy, Netherlands, Egypt and UK and was CFO for 2 major ENI subsidiaries. She has delivered training courses in Accounting, Audit, Economics and Commercial topics in many Countries. She has a Degree in Economics & Accounting and is a Certified Chartered Accountant. She is also a Chartered Auditor and an International Petroleum Negotiator. Outside of work, she is inspired by the beauty of nature and art, helping disadvantaged people, sports (football, golf) and her cat. Courses Delivered Internationally: * E&P Accounting, Auditing in the Oil & Gas Industry * Cost Control & Budgeting * Introduction to the Oil & Gas Industry * Petroleum Project Economics * Contracts Strategy * International O&G Exploitation Contracts POST TRAINING COACHING SUPPORT (OPTIONAL) To further optimise your learning experience from our courses, we also offer individualized 'One to One' coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster. Request for further information post training support and fees applicable Accreditions And Affliations

ABOUT THIS TRAINING COURSE This highly interactive 5-day training is aimed at those who wish to take their E&P accounting skills to a more advanced level than our introductory course, E&P Accounting - Level 1, and our intermediate course, E&P Accounting - Level 2.  It will help equip you for more demanding analytical roles within your organisation. Training Objectives After the completion of this training course, participants will be able to: * Carry out and manage the day-to-day financial accounting activities associated with participation in E&P joint ventures * Prepare, analyse and present information for effective financial reporting * Understand the impact of a comprehensive range of activities on the financial statements of an upstream oil and gas company * Practically apply IFRS in accounting for a wide range of typical oil and gas industry activities Target Audience This is an advanced level course designed for: * those who have already attended E&P Accounting - Level 1 and E&P Accounting - Level 2, or * those who can demonstrate, by a combination of relevant experience and previous study, sufficient prior knowledge to contribute and benefit from attending this workshop Course Level * Advanced Training Methods Training Method - Scenario Based Learning * Learning centers around highly realistic E&P company scenarios. * A computer-based simulation is used to plan, record and report the progress of your company through several years of international E&P activities. * Teams of 2 - 3 people participate in the financial management of these activities, including Operator and Non-operator accounting, recording of transactions, updating of financial statements and analysis of results. The highly interactive laptop-based scenario approach will enable you to follow the impact of each activity from initiation through to final results and analysis of company performance. You will need to bring with you to the course your own laptop PC with MS Excel™ pre-installed.  Prior knowledge of spreadsheet techniques is assumed.  Trainer will provide various Excel files which participants may retain at the end of the course. Course Duration: 5 days in total (35 hours). Training Schedule 0830 - Registration 0900 - Start of training 1030 - Morning Break 1045 - Training recommences 1230 - Lunch Break 1330 - Training recommences 1515 - Evening break 1530 - Training recommences 1700 - End of Training The maximum number of participants allowed for this training course is 25. Trainer Your expert course leader has more than 30 years of experience in the international oil and gas industry, covering all areas of Finance and Audit, including involvement in Commercial roles. During her 19 years with ENI she worked in Italy, Netherlands, Egypt and UK and was CFO for 2 major ENI subsidiaries. She has delivered training courses in Accounting, Audit, Economics and Commercial topics in many Countries. She has a Degree in Economics & Accounting and is a Certified Chartered Accountant. She is also a Chartered Auditor and an International Petroleum Negotiator. Outside of work, she is inspired by the beauty of nature and art, helping disadvantaged people, sports (football, golf) and her cat. Courses Delivered Internationally: * E&P Accounting, Auditing in the Oil & Gas Industry * Cost Control & Budgeting * Introduction to the Oil & Gas Industry * Petroleum Project Economics * Contracts Strategy * International O&G Exploitation Contracts POST TRAINING COACHING SUPPORT (OPTIONAL) To further optimise your learning experience from our courses, we also offer individualized 'One to One' coaching support for 2 hours post training. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It will be delivered over a secure video conference call by one of our senior trainers. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster. Request for further information post training support and fees applicable Accreditions And Affliations

The aim of this course is to equip learners with the skills and knowledge necessary to analyze financial statements using various tools and techniques. The course aims to provide a comprehensive understanding of financial ratios and their significance in assessing the financial health of an organization. After the successful completion of the course, you will be able to learn about the following, * Understand and utilize different Tools and techniques of financial statement analysis. * Understand and utilize different Types of Ratios to analyze the financial health of an organization. * Understand the International Financial Reporting Standards. The aim of this course is to equip learners with the skills and knowledge necessary to analyze financial statements using various tools and techniques. The course aims to provide a comprehensive understanding of financial ratios and their significance in assessing the financial health of an organization. Additionally, the course aims to familiarize learners with International Financial Reporting Standards (IFRS) and their importance in financial statement analysis. This course will cover the different tools and techniques used in financial statement analysis, such as horizontal and vertical analysis, ratio analysis, and budget analysis. It will also cover the types of financial ratios used to analyze the financial health of an organization, including liquidity ratios, profitability ratios, and solvency ratios. Additionally, the course will provide an understanding of the International Financial Reporting Standards (IFRS). * VIDEO - COURSE STRUCTURE AND ASSESSMENT GUIDELINES Watch this video to gain further insight. * NAVIGATING THE MSBM STUDY PORTAL Watch this video to gain further insight. * INTERACTING WITH LECTURES/LEARNING COMPONENTS Watch this video to gain further insight. * FINANCIAL STATEMENT ANALYSIS TOOLS TECHNIQUES AND STANDARDS Self-paced pre-recorded learning content on this topic. * FINANCIAL STATEMENT ANALYSIS TOOLS TECHNIQUES AND STANDARDS Put your knowledge to the test with this quiz. Read each question carefully and choose the response that you feel is correct. All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details. There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course. The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience. * Financial Analyst * Financial Reporting Manager * Accounting Supervisor * Investment Analyst * Business Development Manager * Financial Planning and Analysis Manager * Financial Controller * Budget Analyst * Treasury Analyst * Investment Banker. AVERAGE COMPLETION TIME 2 Weeks ACCREDITATION 3 CPD Hours LEVEL Advanced START TIME Anytime 100% ONLINE Study online with ease. UNLIMITED ACCESS 24/7 unlimited access with pre-recorded lectures. LOW FEES Our fees are low and easy to pay online.

This course aim to provide the learners with understanding of the Accounting & Finance regulatory framework.  After the successful completion of the course, you will be able to learn about the following; * Explain the concept of financial reporting and its significance in business organizations. * Identify the key elements of financial regulation and their role in ensuring financial stability and accountability. * Describe the financial regulators operating in the UK and their respective mandates. * Analyze the IFRS regulatory framework and its impact on financial reporting globally. * Compare and contrast the GAAP and principles-based accounting frameworks and their respective applications. * Evaluate the benefits and impacts of financial regulatory frameworks on business organizations, including the role of UK accounting standards and corporate accounting practices and policies. This course provides students with an in-depth understanding of financial reporting and regulation in the context of contemporary business organizations. Students will learn the fundamental concepts and principles of financial reporting and the role of financial statements in decision-making. The course will examine the regulatory frameworks that govern financial reporting, including the key elements of financial regulation and their role in ensuring financial stability and accountability. The course will cover various topics, including the financial regulators operating in the UK and their respective mandates. Students will also analyze the International Financial Reporting Standards (IFRS) regulatory framework and its impact on financial reporting globally. Additionally, students will compare and contrast the Generally Accepted Accounting Principles (GAAP) and principles-based accounting frameworks, along with their respective applications. This course provides students with an in-depth understanding of financial reporting and regulation in the context of contemporary business organizations. Students will learn the fundamental concepts and principles of financial reporting and the role of financial statements in decision-making. The course will examine the regulatory frameworks that govern financial reporting, including the key elements of financial regulation and their role in ensuring financial stability and accountability. * VIDEO - COURSE STRUCTURE AND ASSESSMENT GUIDELINES Watch this video to gain further insight. * NAVIGATING THE MSBM STUDY PORTAL Watch this video to gain further insight. * INTERACTING WITH LECTURES/LEARNING COMPONENTS Watch this video to gain further insight. * UNDERSTANDING THE ACCOUNTING & FINANCE REGULATORY FRAMEWORK Self-paced pre-recorded learning content on this topic. * UNDERSTANDING THE ACCOUNTING & FINANCE REGULATORY FRAMEWORK Put your knowledge to the test with this quiz. Read each question carefully and choose the response that you feel is correct. All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details. There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course. The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience. * CEO, Director, Manager, Supervisor * Accountant * Financial analyst * Auditor * Financial controller * Risk analyst * Compliance officer * Investment analyst * Treasury analyst * Business analyst * Financial reporting manager AVERAGE COMPLETION TIME 2 Weeks ACCREDITATION 3 CPD Hours LEVEL Advanced START TIME Anytime 100% ONLINE Study online with ease. UNLIMITED ACCESS 24/7 unlimited access with pre-recorded lectures. LOW FEES Our fees are low and easy to pay online.

OVERVIEW This comprehensive course on Applied Accounting will deepen your understanding on this topic. After successful completion of this course you can acquire the required skills in this sector. This Applied Accounting comes with accredited certification from CPD, which will enhance your CV and make you worthy in the job market. So enrol in this course today to fast track your career ladder. HOW WILL I GET MY CERTIFICATE? You may have to take a quiz or a written test online during or after the course. After successfully completing the course, you will be eligible for the certificate. WHO IS THIS COURSE FOR? There is no experience or previous qualifications required for enrolment on this Applied Accounting. It is available to all students, of all academic backgrounds. REQUIREMENTS Our Applied Accounting is fully compatible with PC's, Mac's, Laptop, Tablet and Smartphone devices. This course has been designed to be fully compatible with tablets and smartphones so you can access your course on Wi-Fi, 3G or 4G. There is no time limit for completing this course, it can be studied in your own time at your own pace. CAREER PATH Learning this new skill will help you to advance in your career. It will diversify your job options and help you develop new techniques to keep up with the fast-changing world. This skillset will help you to- * Open doors of opportunities * Increase your adaptability * Keep you relevant * Boost confidence And much more! COURSE CURRICULUM 6 sections • 52 lectures • 02:00:00 total length •Definition of Accounting: 00:02:00 •Accounting Principles: 00:03:00 •Accounting Equation: 00:01:00 •Accounting Cycle: 00:02:00 •Double Entry Accounting: 00:04:00 •Assets: 00:02:00 •Liabilities: 00:02:00 •Capital: 00:04:00 •Accounting Conventions: 00:02:00 •IFRS and GAAP: 00:02:00 •Financial Accounting: 00:01:00 •Financial Statements - Applications and Use: 00:02:00 •Profit and Loss Statement - Income Statement: 00:02:00 •Multi-step Income Statement: 00:02:00 •Expenses: 00:02:00 •Profit before Tax and EBITDA: 00:02:00 •Input to Depreciation Accounting: 00:03:00 •Depreciation Journal Entries: 00:01:00 •Balance Sheet - Assets and Liabilities Statements: 00:03:00 •Inventories: 00:01:00 •Liability Accounts: 00:02:00 •Total Liabilities and Equity: 00:01:00 •Permanent and Cyclical Working Capital: 00:02:00 •Forms of Working Capital Financing: 00:03:00 •Determinants of Working Capital: 00:02:00 •Cash Flow Statements - Operational and Reporting Formats #1: 00:04:00 •Cash Flow Statements - Operational and Reporting Formats #2: 00:01:00 •Economic Value Added (EVA) & Cash Flow Return on Investment (CFRIO): 00:02:00 •Cash Flow Return on Investment (CFROI): 00:01:00 •Key Ratio Analysis - Short Term Acid Tests & Long Term Viability: 00:05:00 •Management and Cost Accounting: 00:03:00 •What is Cost Accounting?: 00:01:00 •Material, Labour and Overhead Costing: 00:02:00 •Process Costing, Job Costing and Batch Costing: 00:03:00 •Job Costing: 00:04:00 •Activity Based Costing - Lean Operations: 00:03:00 •Steps in Developing and Activity - Based Costing System: 00:02:00 •Benefits and Limitations of Activity-Based Costing: 00:02:00 •Standard Costing and Variance: 00:02:00 •Standard Costing in GAAP and IFRS: 00:04:00 •Responsibilities for Variances: 00:01:00 •Volume, Cost and Break-even Analysis / Cost-Volume Profit Analysis: 00:03:00 •Uncertainties and Quality of Input Data: 00:02:00 •Break-Even Chart: 00:04:00 •Inventory Management- Raw, Work in Progress (WIP) & Finished Goods: 00:02:00 •Reorder Point, Lead Time and Safety Stock: 00:03:00 •Budgeting & Capital Investment - Revex & Capex: 00:04:00 •Limitations of Accounting - Financial Reporting: 00:03:00 •Intangibles, Human Capital & Goodwill - Recognition and Valuation: 00:01:00 •Goodwill: 00:02:00 •Audit - Internal & External: 00:03:00 •Assignment -Applied Accounting: 00:00:00

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