PRACTICAL
ASPECTS OF TRANSITION INTO IFRS AND GAAP (US GAAP)
ACCOUNTING STANDARDS
14 – 21 September 2008, London,
UK
PROGRAMME
The process of unification of accountancy standards
is directly related to fundamental changes in world
economy, resulting from increased international integration
and internationalisation of economic activity. The
increased risks associated with investment in Russia,
mean that adopting international standards in accountancy
and financial reporting is a key step in attracting
foreign investors and providing them with some peace
of mind and reassurance of the minimised investment
risks your company has to offer. In the words of one
of Morgan Stanley's key analysts, foreign investors
will not be 'seriously ready to come to the Russian
market until sufficient improvements in corporate
transparency' are made. This transition to international
practices of accountancy essentially facilitates mutual
relations with foreign investors and promotes growth
of equality in cooperating international projects.
APPROACH:
The seminar's practical approach to the subject means
that the programme consists of more than just taught
seminars, hosted by leading experts, but also interactive
sessions, presentations, field visits, and individual
or group consultations. All participants are provided
with seminar materials on arrival, which are supplemented
throughout the seminar, as all areas of training are
covered to ensure full benefit to you. Acquired knowledge
and information will help participants to broaden
and deepen their understanding of their field and
the seminar practical approach aims to demonstrate
how it can effectively be implemented into their work.
The seminar is aimed at financial directors and chief
accountants, financial analysts, as well as managerial
level aiming to grow or broaden their knowledge. The
seminar's structure also involves a series of business
games and round tables, altogether assuming approximately
30hours of active work
PARTICIPANTS:
The programme is organised alongside
specialists from international organisations involved
in financial planning, accounting and auditing. Experts
include: Accountancy Tuition Centre, Moore Stephens,
London Stock Exchange, Business Interchange.
MAIN TOPICS:
• International Financial
Reporting Standards (IFRS)
• ACCA diploma in International Financial reporting
Диплом
• Modern corporate management practices – approaching
conditions of international standards and accounting
administration
• Generally Accepted Accounting Principles (GAAP USA)
• Statement of the financial and accounting reporting
– conforming to international standards
• Practical aspects of IFRS and GAAP transition –
preparation and company restructuring
• Key stages and methods of transition of financial
reporting
• Administrative accounting - understanding, concept
and organisation
• Expenses as the basic object of administrative accounting
• Researching, planning, budgeting, implementation
• Financial and investment planning
INDIVIDUAL CONSULTATIONS
During the seminar participants can receive
individual or group consultations, as well as practical
advice based on the following questions:
• Financial organisation of investment projects, including
the participation of international financial organisations,
such, as the European Bank of Reconstruction and Development
(European Reconstruction and Development Bank), International
Financial Corporation (IFC), Agencies of Export Crediting,
etc. and other commercial sources;
• Preparation of company feasibility reports and business
plans so that they correspond with creditor requirements
• Identifying potential western investors and strategic
partners
• Planning and transition of companies and commercial
banks to IFRS and GAAP