- Parent company financial statements under French GAAP - Accounting production: How to produce parent company financial statements under French GAAP
- Off-balance sheet commitments - Off-balance sheet commitments
- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- IFRS - International Financial Reporting Standards (IFRS)
Improvement
Target audience
- Consolideurs
- Contrôleurs de gestion
- Experts comptables, Commissaires aux comptes
- Responsables financiers, consolidation et comptables
1 day
Liability accounting training
Prerequisites
No prior knowledge is required
Objectives
◗ Identify situations that require the recognition of a provision.
◗ Measure liabilities and provisions in accordance with French accounting standards and IFRS.
◗ Disclose relevant information in the notes to the financial statements.
Training program
◗ Distinguish provisions from other liabilities
– The triggering event
– The present obligation: legal or constructive
– The concept of “contingent liability”
✔ UNDERSTAND | IAS 37 Decision Tree
✔ APPLY | Case Study: Identifying Provisions
✔ UNDERSTAND | Illustration: Off-Balance-Sheet Commitments and Contingent Liabilities
◗ Valuing provisions: initially and subsequently
– Measurement methods under IAS 37
– Accounting for the time value of money
– Subsequent revaluations
– Treatment of repayments
✔ APPLY | Case study: measuring provisions using both methods
✔ APPLY | Case study: discounting a provision
◗ Provide the required and relevant information
– Information to be provided in the appendix
✔ UNDERSTANDING | Annotated reading of group publications
◗ Handling special cases
– Decommissioning obligations
– Loss-making contracts
– Restructurings
– Tax liabilities recognized on the balance sheet (IFRIC 21)
✔ UNDERSTAND | Example: Group financial statements
✔ APPLY | Case study: Valuation of a provision for restructuring
◗ Take into account events occurring after the balance sheet date
– Categories of post-balance-sheet events (IAS 10) and their impact on the recognition of provisions
✔ EVALUATE | Quiz: Accounting for various post-balance-sheet events
Why choose this course?
Provisions are traditionally a significant challenge during the financial closing process. This training course provides participants with the skills needed to properly account for provisions and to apply the specific rules governing unprofitable contracts, restructurings, and post-closing events under both IFRS and French accounting standards.
Teaching and assessment methods
Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.
Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.
Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.
During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.
Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.
Price
1 295 € EXCL. TAX
Testimonials
Liability accounting training
Liability accounting training
Liability accounting training
Liability accounting training
Jonathan C.
Company
Training