Professional Standards Training - 5 Days

Service Description

A five-day comprehensive training plan that covers a wide range of topics for accountants, consultants, and professionals, including international accounting standards, taxation, audit standards, business management, regulatory compliance, risk management, product development, technology impacts, anti-money laundering, and accounting treatments for specific industries:

Day 1: Financial Accounting and International Standards

1. Introduction to Financial Accounting

2. Basics of International Accounting Standards (IAS/IFRS)

3. IAS 1: Presentation of Financial Statements

4. IAS 16: Property, Plant, and Equipment 5. IAS 36: Impairment of Assets

6. Advanced Financial Reporting Issues (Consolidation, Joint Ventures)

7. Case Study: Applying IFRS to Financial Statements

 8. Group Discussion and Q&A

Day 2: Management Accounting, Costing, and Budgeting

1. Principles of Management Accounting

2. Cost Classification and Behaviour

3. Costing Methods (Job Costing, Process Costing) 4. Cost-Volume-Profit (CVP) Analysis

5. Activity-Based Costing (ABC)

6. Budgeting Fundamentals

7. Variance Analysis

8. Case Study: Cost Analysis and Budgeting

Day 3: Taxation and International Tax Regimes

1. Personal Taxation Essentials

2. Income Tax Calculation and Allowances

3. National and International Taxation Principles

4. Business Taxation: Corporation Tax (UK and EU)

5. VAT (Value Added Tax) Principles and Compliance

6. Transfer Pricing and International Taxation

7. Case Study: Tax Planning in a Global Context

8. Group Discussion on Tax Challenges

Day 4: Auditing Standards and Beyond

1. Introduction to Auditing Standards (UK GAAS and International Standards on Auditing)

2. Audit Planning and Risk Assessment

3. Audit Evidence and Sampling Techniques

4. Internal Controls and Control Testing

5. Auditing in a Digital Environment

 6. Reporting and Communication of Audit Findings

7. Ethical Considerations in Auditing

8. Exploring Beyond Auditing: Business Management and Risk

Day 5: Business Management, Compliance, and Industry-Specific Accounting

1. Business Management Essentials

2. Regulatory Compliance and Best Practices

3. Risk Management Strategies

4. Product Development and Life Cycle Management

5. Technology Impacts on Accounting and Business Operations

6. Anti-Money Laundering (AML) Regulations and Detection Methods

7. Accounting Treatments in Specific Industries

Throughout the training, participants will engage in practical exercises, case studies, and group discussions.