Course details

Dates are currently being finalised. Get in touch to find out more
Download course brochure

VAT on Virtual and Online Programmes

VAT is applicable on virtual programmes to delegates attending from the UK*. If participating from the EU, a valid VAT number is required to ensure VAT will not be charged under the reverse charge mechanism. VAT is not applicable to attendees from all other countries.
*For virtual courses ran through our Asia office, VAT may be applicable to HK and Singapore residents only. Find out more by contacting


Claiming Back Your VAT

All attendees of a London based course incur VAT as a part of the cost of attendance.

Euromoney Learning have partnered with VAT IT to allow you the unique opportunity to recoup the VAT incurred.

Using VAT IT's extensive experience and simple sign-up and refund process, every invoice can be turned into cash for your business.

Claim the VAT that's rightfully yours in four simple steps:

1. Register your interest

2. Sign a few simple documents

3. VAT IT processes your claim

4. Receive your refund

Why choose VAT IT 

VAT IT have spent two decades identifying, researching and perfecting the foreign VAT Reclaim process and built the best back end technology in the industry. By partnering with Euromoney Learning, we can provide you with a fast and effective way to reclaim your VAT which helps reduce the cost of your training.

VAT IT will charge a percentage of the VAT refund if/when it is successful. 

Can I claim back the VAT myself?

You can claim back VAT directly from the UK Tax Authority (HMRC) by completing the following form. 
For European clients, please refer to form VAT 65
All other clients, please refer to form VAT 65A.


You may also be able to claim back your VAT against courses taking place outside of the UK, and we would recommend contacting VAT IT, our specialist partner, to discuss how to do this.

International Financial Reporting Standards (IFRS)

Explore how to provide transparent & forthright financial reporting
  • OThe programme will be conducted via a series sessions over three days to deliver an update on IFRS reporting requirements covering the standards in a practical, technical and commercial basis, with the inclusion of real life company challenges and use will be made of excel models to demonstrate many of the commercial concepts (these models will be provided as a take-away for participants).

    The course will include the latest statements as well as projects which will be started on in the future. The course is designed to be broken into sessions to allow for regular breaks and maximum interaction.

    On completion of the workshop, participants will be able to:

    • Apply the International Financial Reporting Standards to key elements of financial reports
    • Interpret financial statements with better understanding and with improved commercial insights
    • To prepare IFRS compliant financial statements, including group accounts

    What You Get:

    • Real life examples of correct accounting and incorrect accounting treatment
    • Excel driven guidance tools for easy reference
    • Focus on certain sector area challenges
    • Meet other practitioner’s and users of IFRS financial statements

  • This course is will be delivered using Video Conferencing Technology.   To find out more, please contact


    The course is designed to run over three days, with distinct sessions.   The start time each day is due to be 9am BST (British Summer Time)



    Content Overview

    • Introduction:
    o Introduction and Conceptual Framework
    o Presentation of Financial statements [IAS 1]
    o Accounting Policies, changes in Accounting estimates and Errors [IAS 8]
    • Income:
    o Revenue from Contracts with Customers [IFRS 15]
    • Assets:
    o Inventories [IAS 2]
    o Non-current Assets: Recognition and Measurement [IAS 16, IAS 38 and IAS 40]
    o Borrowing Costs [IAS 23]
    o Impairment of Assets [IAS36]
    o Non-current Assets Held for Sale and Discontinued Operations [IFRS15]
    • Liabilities:
    o Provisions, Contingent Liabilities and Contingent Assets [IAS 37]
    o Share Based Payments [IFRS 2]
    o Income Taxes [IAS 12]
    o Fair Value Measurement [IFRS 13]
    • Cash Flow Statement:
    o Statement of Cash Flows [IAS 7]
    • Group Accounts
    o Consolidated Financial Statements [IFRS 10]
    o Joint Arrangements [IFRS 11]
    o Disclosure of Interests in Other Entities [IAS 24 and IAS 28]
    o The Effects of Changes in Foreign Exchange Rates [IAS 21]
    • First-time Adoption:
    o First-time adoption of IFRSs
    • Specialist Topics:
    o Employee Benefits [IAS 19]
    o Financial Instruments [IFRS 9]
    o Leasing [IAS 16]


    Session 1
    Introduction and Conceptual Framework


    • Background on IFRS
    • Purpose of the IASB
    • Sources of IFRS
    • Assumptions behind IFRS
    • Scope and adoption
    • Conceptual framework:
    o Recognition and initial measurement
    o Impairment and de-recognition
    o Measurement after recognition
    o Disclosures
    • Primary financial statements project
    • Exercise: review how the conceptual framework has been applied to industry sectors, focusing on banking, retail, pharmaceutical, manufacturing and construction
    • Take-away: IFRS summary presentation and tailoring question driven by excel

    Session 2
    Presentation of Financial statements [IAS 1]


    • Notes to the accounts – significant areas of interest for banks
    • Presentation of Financial Statements for Banks
    o Balance Sheet
    o Income Statement
    o Statement of Recognised Income and Expense
    o Cash Flow Statement
    • Updates:
    o What comprises a complete set of financial statements?
    o Current asset definition
    o Non-current asset definition
    o Current liability new definition
    • Exercise: review various IFRS financial statements and provide comments. Participants will them be provided with award winning disclosure statements in order to have a benchmark to work from

    Session 3
    Accounting Policies, changes in Accounting estimates and Errors [IAS 8]


    • Selection and application of accounting policies
    • Consistency of accounting policies
    • Changes in accounting policies
    • Disclosures relating to changes in accounting policies
    • Changes in accounting estimates
    • Disclosures relating to changes in accounting estimates
    • Errors
    • Exercise: Determine the treatment of changes in accounting policies, changes in estimates and errors.


    Session 4
    Revenue from Contracts with Customers [IFRS 15]


    • Scope
    • The five-step model framework
    • Identifying the contract
    • Performance obligations:
    o Customer control of an asset
    o Indicators of transfer of control of asset
    o Conditions for performance obligation
    • Disclosure requirements
    • Exercise: Different situations to be assessed to determine the appropriate accounting for arrangements with various terms and factors to consider
    • Take-away: The effective interest rate method model in excel


    Session 5
    Inventories [IAS 2]


    • Scope
    • Measurement of inventories
    • Write downs and net realizable values
    • Expense recognition
    • Disclosure
    • Exercise: Calculate an inventory impairment, how to recognize it and the appropriate treatment of a subsequent change in value

    Session 6
    Non-current Assets: Recognition and Measurement [IAS 16, IAS 38 and IAS 40]


    • Property, plant and equipment [IAS 16]
    • Measurement of the cost of an asset, including asset retirement obligations
    • Borrowing costs
    • Revaluation
    • Non-current assets held for sale
    • Updates to IAS 16:
    o What is cost?
    o To capitalise or not?
    • Investment property [IAS 40]
    • Definition
    • Investment property transfers
    • Intangible assets [IAS 38]
    • Purchased intangibles
    • Acquisition as part of a business combination
    • Internally generated intangible assets
    • Exercise: Determine and then calculate transactions relating to a construction of a new plant and establish the correct measurement and treatment

    Session 7
    Borrowing Costs [IAS 23]


    • Recognition and measurement
    • Disclosure
    • Exercise: Calculate the correct borrowing costs and disclose the treatment for capitalisation of borrowing costs

    Session 8
    Impairment of Assets [IAS36]


    • Identifying impairment indicators
    • Determining recoverable amount
    • Measuring and recognizing impairment
    • Cash generating units and impairment of goodwill
    • Exercise: Determine the impairment of goodwill and determine the recognition of the amount

    Session 9
    Non-current Assets Held for Sale and Discontinued Operations [IFRS15]


    • Key provisions relating to assets held for sale
    • Held-for-sale classification
    • Held for distribution to owners classification
    • Disposal group concept
    • Measurement
    • Disclosure
    • Presentation
    • Key provisions relating to discontinued operations
    • Classification as discontinuing
    • Disclosure in the statement of comprehensive income
    • Exercise: Review the financial statements of companies which hold assets for sale and discontinued operations


    Session 10
    Provisions, Contingent Liabilities and Contingent Assets [IAS 37]


    • Measurement of provisions using the best estimate
    • Future operating losses
    • Onerous contract
    • Measurement of provisions
    • Re-measurement of provisions
    • Restructurings
    • Use of provisions
    • Contingent liabilities
    • Contingent asset
    • Disclosure
    • Updates:
    o Onerous contracts

    • Exercise: Review the correct disclosure of various contingent liabilities – take-and pay agreements, commitments, legal proceedings and guarantees


    Session 11
    Share Based Payments [IFRS 2]


    • Share-based payment
    • Equity settled share-based payments
    • Cash settled share-based payment
    • Exercise: Identify in share-based payments, calculate the financial statement impacts and the accounting treatment

    Session 12
    Income Taxes [IAS 12]


    • Deferred tax assets
    • Deferred tax liabilities
    • Presentation and disclosure
    • Exercise: Calculate deferred tax associated with various assets and liabilities

    Session 13
    Fair Value Measurement [IFRS 13]


    • Level 1 inputs
    • Level 2 inputs
    • Level 3 inputs
    • Overview of fair value measurement approach
    • Guidance on measurement
    • Valuation techniques
    • Disclosure
    • Exercise: See session 8


    Session 14
    Statement of Cash Flows [IAS 7]


    • Fundamental principles
    • Presentation requirements:
    o Operating activities
    o Investing activities
    o Financing activities
    • Direct versus indirect
    • Consolidation requirements
    • Exercise: Prepare a complete cash flow statement in terms of IFRS requirements, using the indirect method


    Session 15
    Consolidated Financial Statements [IFRS 10]


    • Identification of investment status
    • Exemptions and exclusions from the standard
    • Preparation of group accounts
    • Goodwill on acquisition
    • The fair value exercise when accounting for acquisitions
    • Differences to current Indian rules and standards
    • Exercise: See session 17

    Session 16
    Joint Arrangements [IFRS 11]


    • Joint arrangements versus joint control
    • Types of joint arrangements
    • Classifying joint arrangements
    • Joint operations
    • Joint ventures
    • Separate Financial Statements
    • Disclosure
    • Exercise: See session 17

    Session 17
    Disclosure of Interests in Other Entities [IAS 24 and IAS 28]


    • Associates [IAS 28]
    • Related party disclosure [IAS 24]
    • Exercise: Determine various entities invested in and whether, investments, associate, subsidiary or a joint arrangement and how to treat each investment

    Session 18
    The Effects of Changes in Foreign Exchange Rates [IAS 21]


    • Foreign currency transactions
    • Translation from the functional currency to the presentation currency
    • Disposal of a foreign operation
    • Tax effects of exchange differences
    • Disclosure
    • Convenience translations
    • Exercise: Calculate the translation of financials of a foreign subsidiary to the holding company financial statements in the functional currency

    Session 19
    First-time adoption of IFRSs

    • Scope of the standards
    • Practical considerations before the change
    • Extra reporting requirements in the changeover period
    • Opening IFRS Balance Sheet
    • Explanation of transition
    • Comparative information requirements
    • Case examples of first time financial statements under IFRS
    • Practical considerations for accountants
    • Exercise: Participants will be required to prepare adjustments in order to create financial statements in accordance with IFRS


    Session 20
    Employee Benefits [IAS 19]

    • Different types of post-employment benefits
    • Defined benefit pension plan:
    o Projected benefit obligation (PBO)
    o Accumulated benefit obligation (ABO)
    o Vested benefit obligation (VBO)
    • Elements of the PBO:
    o Current service cost
    o Interest costs
    o Plan amendments
    o Expected return on planned assets
    • Assumptions and impact on PBO
    • Net pension assets or liabilities
    • IAS 19:
    o Profit-sharing and bonus payments
    o Types of post-employment benefit plans
    o Plan curtailments or settlements
    o Termination benefits
    o New rules coming in for investment return assumptions
    o Differences between funding valuation and IAS 19 valuation
    • IAS 26 - Accounting and reporting by retirement benefit plans
    • Exercise: Understand the components of a pension plan and determine the information to be disclosed in the financial statements

    Session 21
    Financial Instruments [IFRS 9]


    Part 1 - Classification and Measurement• Initial measurement of financial instruments
    • Subsequent measurement of financial assets:
    o Amortized cost
    o Fair value (FVTPL or FVTOCI)
    • Debt instruments:
    o Business model test
    o Cash flow characteristics test
    • Fair value option
    • Classifications and reclassifications
    • Subsequent measurement of financial liabilities:
    o Fair value option (FVTPL)
    • Reclassification


    Part 2 – De-recognition

    • De-recognition of financial assets:
    • Cash flows identified from an asset
    o Fully proportionate share of cash flows from an assets
    o Fully proportionate share of cash flows cash flows identified from an assets
    • De-recognition of financial liabilities


    Part 3 – Derivatives

    • Measurement (items linked to unquoted equity investments)
    • Fair value changes - Profit and loss or apply ‘hedge accounting’
    • Hedging considerations
    • Embedded derivatives – identification


    Part 4 – Hedge Accounting

    • Qualifying criteria for hedge accounting
    • Hedging instruments
    • Hedge items
    • Hedging relationships:
    o Fair value hedge
    o Cash flow hedge
    o Hedge of a net investment in a foreign operation


    Part 5 – Impairment

    • Three stages
    • General approach
    • Impact of increases in credit risk
    • Credit impaired financial assets:
    • Basis for estimating expected credit losses
    • IASB guidance updates
    • Exercise: Accounting and disclosure for a variety of financial instruments
    • Take-away: Excel models including the valuation and accounting disclosure of the main financial instruments

    Session 22
    Leases [IFRS 16]


    • Recognition exemptions
    • Identifying a lease
    • Separating components of a contract
    • Key definitions:
    o Interest rate implicit in the lease
    o Lease term
    o Lessee’s incremental borrowing rate
    • Accounting by lessees
    • Accounting by lessors
    • Sale and leaseback transactions
    • Disclosure
    • IASB guidance updates
    • Exercise: Determine the accounting and disclosure treatment of various lease transactions

    Session 23
    Summary and Close
  • Our Tailored Learning Offering

    Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save up to 50% on the cost of sending delegates to a public course and dramatically increase your ROI.

    If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

    We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

  • We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

    We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

    • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
    • Track record – 10/10 of the world’s largest banks have chosen us as there training provider and we have delivered training across the largest banks and have trained over 25,000 professionals.
    • Knowledge – our 100+ strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
    • Reliability – if we promise it, we deliver it. We have delivered over 25,000 events both in person and online, using simultaneous translation to delegates from over 99 countries.
    • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 4.2/5 on service and 4.7/5 on Coursecheck
This course can be run virtually online or as an in-house, tailored learning solution


  • Andre Lanser

    Working in Venture Capital and Private Equity for 12 years allowed me to gain a vast amount of experience in corporate analysis and valuation. This allows me to design learning programmes with a real focus on the practical realities of business.


    Andre is a consulting trainer as well as a corporate finance practitioner and he has delivered courses around the world in the areas of Credit, Corporate Finance, Valuation and Financial Modelling both for Corporates and Banks. Andre originally qualified as a Chartered Accountant, completing articles with PricewaterhouseCoopers. He started his career with a subsidiary of Commercial Union, involved in the steel manufacturing industry. His experience ranged from systems implementation, credit assessment of the highly risky construction industry customers, heading up the finance functions to successfully turning the business around and then selling the company through a trade sale. He later joined Commercial Union in the investment back-office function, reengineering the investment back office and later headed-up a team who implemented a new investment management system for both the back office and the front office. His commercial experience includes restructuring and turning around a Steel Manufacturing operation, consulting to a Pharmaceutical company involved in medical devices for both Government and Private Hospitals and an in depth knowledge of the citrus industry, consulting to South African Airways and extensive work at Hanover Acceptances property company, Dorrington in London. His career then spanned over 15 years in the Venture Capital and Private Equity arena, where he has gained a vast amount of experience in the corporate analysis and valuation field. He is a specialist in developing and training finance related courses, including corporate credit related topics, credit analysis and cash flow analysis with a special focus on the banking sector, derivatives, and financial modeling courses. His training experience spans a period of more than 15 years. For DCGT Andre has successfully written/delivered courses for clients such as Arrow Pharmaceutical, Shell Oil, IBM, Komercni Banka, Societe Generale, Fortis Bank, Raiffeisen Group, Islamic Development Bank, Banco Santander, Standard Bank, Westpac, Commercial Bank of Qatar, Bank of Cyprus, ING, Bank of Cyprus, Rabobank, Eurohypo, Standard Chartered, Erste Bank and numerous others throughout the globe. Specific work in the Gulf Region: Islamic Development Bank, Saudi Airline and SABIC in Saudi Arabia. Financial reporting and IFRS training to banks in the Emirates, Qatar and Kuwait, which include Noor Islamic Bank, NBK and QNB. He is a trainer for the South African market for Continuing Professional Development (CPD) in IFRS.