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