About this Course

Interpretation provides consensus on the appropriate treatment for issues not specifically dealt with by FRSs. The other objective of Interpretations is to reach a consensus where unsatisfactory or conflicting opinions have developed by practitioners, or are seem likely to be developed in the absence of authoritative guidance.

This seminar highlights the critical issues of each Interpretation covered in the outline and to explain the consensus reached. The seminar demonstrates the link between each Interpretation and the related FRSs as well as providing a step-by-step guide to the accounting requirements.

Programme Outline 

• Changes in Existing Decommissioning, Restoration and Similar Liabilities
  
• Determining whether an Arrangement contains a Lease
  
• Rights to Interest arising from Decommissioning, Restoration and Environmental Rehabilitation Funds
  
• Liabilities arising from Participating in a Specific Market – Waste Electrical and Electronic Equipment
  
• Applying the Restatement Approach under FRS29 Financial Reporting in Hyperinflationary Economies
  
• Reassessment of Embedded Derivatives
  
• Interim Financial Reporting and Impairment
  
• Service Concession Arrangements
  
• Customer Loyalty Programmes
  
• FRS19 – The Limit on a Defined Benefits Asset, Minimum Funding Requirements and their Interaction
  
• Agreement for the Construction of Real Estate
  
• Hedges of a Net Investment in a Foreign Operation
  
• Distributions of Non-cash Assets to Owners
  
• Transfer of Assets from Customers
  
• Extinguishing Financial Liabilities with Equity Instruments
  
• Stripping Costs in the Production Phase of a Surface Mine
  
• Levies
  
• Government Assistance – No Specific Relation to Operating Activities
  
• Operating Leases – Incentives
  
• Income Taxes – Changes in the Tax Status of an Entity or its Shareholders
  
• Evaluating the substance of Transactions Involving the Legal for of a Lease
  
• Service Concession arrangements: Disclosures
  
• Revenue – Barter Transactions Involving Advertising Services
  
• Intangible Assets – Web Site Costs
  

Intended For

This Intermediate Level programme is suitable for Practising Accountants, Non-Practising Accountants and Audit Professionals. Those who are keen to seek clarity and achieve a deeper understanding of the accounting treatment and requirements in various uncommon and/or complex situations are welcome to attend.

Training Methodology

Lecture style, with Exercises/Illustrative examples

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