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Home   Courses   IFRS - International Financial Reporting Standards   Provisions, contingent liabilities, accounting policy and events after the balance sheet date

Provisions, contingent liabilities, accounting policy and events after the balance sheet date

November 10, 2021 | Warszawa or Online Live
at 13:15 - 16:30
Price: PLN 590
  • For whom?
  • Objectives and advantages
  • Programme
  • Date and location
  • Tutors
  • Price
  • Contact

For whom

The program is intended for accountants, chief accountants, controllers and finance directors who wish to understand, interpret and apply IFRS.
The course program assumes knowledge of basic accounting procedures and the principle of double entry. Knowledge of accounting standards is not required.

Goals and Benefits

  • Acquiring the ability to apply the International Financial Reporting Standards in practice
  • Understanding the possibilities of shaping the accounting policy in accordance with IFRS and the impact of selected policies on the financial statements
  • Familiarizing people analyzing and preparing financial statements with the current updates and the requirements of IFRS

Program

Provisions, liabilities and contingent assets
  • Definitions of provisions, contingent liabilities and contingent assets
  • Obligatory events: legal and customary obligations
  • Provisions for future operating losses and onerous contracts
  • Valuation rules: determining the expenditure required to fulfill the obligation, discounting, unwinding the discount
  • Conditions for recognizing a provision for restructuring costs
  • Discussion of the terms of recognition in the statement of financial position or in the notes
Events after the end of the reporting period
  • Identification of the period in which events occur after the end of the reporting period
  • Events after the end of the reporting period, requiring and not requiring correction of the financial statements - practical examples and their approach
Principles of accounting policy, changes in accounting estimates, accounting errors
  • Hierarchy of reference sources in the process of selecting the entity's accounting policy
  • Definition of past period errors and accounting treatment of error corrections
  • Accounting estimates and their changes

Date and place

November 10, 2021 | Warszawa or Online Live
at 13:15 - 16:30
Price: PLN 590

Tutor

Michał Błeszyński FCCA, CIA Manager
A graduate of the Faculty of Computer Science and Management at the Wrocław University of Technology. He is a statutory auditor, has CIA (Certifed Internal Auditor) qualifications and is a member of ACCA (Association of Chartered Certified Accountants). For five years he worked in the audit department of Ernst & Young and was responsible for auditing financial statements of mainly manufacturing companies as well as capital groups operating on the real estate market. He also participated in training new employees of the audit department in the scope of performing external audit tasks. Since 2008, he has been working as a trainer at the EY Academy of Business, where he specializes in International Financial Reporting Standards, management accounting and internal audit
Price 590.00 PLN (+ 23% VAT)
E-mail the Course Co-ordinator

Contact

We are happy to answer all your questions. 
Aleksandra Trych | tel. +48 505 171 636 | aleksandra.trych@pl.ey.com