- 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)
Mastering a complex environment
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
◗ Detect situations in which a provision must be booked
◗ Valuing liabilities and provisions in accordance with French GAAP and IFRS
◗ Present relevant information in the notes to the financial statements
Training program
◗ Distinguishing provisions from other liabilities and contingent liabilities
- Operative event
- Current obligation: legal or implicit
- Notion of "contingent liability
✔ UNDERSTANDING | IAS37 decision tree
✔ APPLY | Case study: identifying provisions
✔ APPLY | Case study: off-balance sheet commitments and contingent liabilities
◗ Valuing provisions: initially and subsequently
- Expected value and most likely outcome
- Taking time value into account
- Subsequent revaluations
- Treatment of refunds
- Recognition of uncertain tax positions (IFRIC23)
✔ APPLIQUER | Case study: valuation of provisions using both methods
✔ APPLIQUER | Case study: discounting a provision
◗ Provide the required and relevant information
- Balance sheet and income statement presentation, French GAAP/IFRS comparison
- Notes to the financial statements
✔ UNDERSTANDING | Commented reading of publications by listed groups
◗ Handling specific cases
- Loss-making contracts
- Restructuring
- Decommissioning
- Residual differences between French GAAP and IFRS - Maintenance expenditure
expenses
- Liabilities recognized in respect of taxes (IFRIC21)
✔ APPLIQUER | Case study: provision for restructuring
◗ Take into account post-closing events
- The different categories of post-balance sheet events and their impact on
provisions
- Disclosures
✔ ASSESS | Quiz: accounting treatment of post-balance sheet events
Why choose this course?
Provisions are traditionally a key issue at the end of the financial year.
This training course will help you master the accounting treatment of provisions and the specific rules governing loss-making contracts, restructuring and post-closing events under IFRS and French GAAP.
Teaching and assessment methods
Before: self-assessment quiz
During the session: each point covered is accompanied by practical examples and published financial statements. Practical case studies, interactive quizzes and discussions during the session ensure that you acquire the knowledge you need.
After: documentary contributions.
The trainer is available to answer any questions relating to liability accounting training.
General training | FinHarmony Conseil & Formation
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Price
1,295€ EXCL. TAX
Testimonials
Liability accounting training
Liability accounting training
Liability accounting training
Liability accounting training
Jonathan C.
Company
Training