We provide an extensive programme of specialist courses for business and finance professionals. Our courses are suitable for every level of staff from new starters to specialists. All our courses are delivered in a practical, interactive workshop-style environment. We limit the number of attendees so we can deliver a more personal experience. We provide you with everything you need on the day – from comprehensive course materials to full refreshments. Our courses will provide a great learning experience!

A Practical Guide to Transfer Pricing

This course is intended as an ‘everyman’s guide’ to transfer pricing (‘TP’) and the arm’s length standard (the ‘ALS’). It covers the specifics of the UK legislation but focuses on OECD Transfer Pricing Guidelines which are generally regarded as offering the global standard for TP in OECD and most developed economies.  It includes a discussion of what changes are likely to OECD practice in the TP area when OECD and the G20 countries ongoing Base Erosion and Profit Shifting (‘BEPS’) project concludes.

There will be numerous examples and the course concludes with a focus on the most frequently encountered TP controversies.

Accounting for Financial Instruments under FRS 102 – A Practical Guide

FRS 102 was scheduled for adoption in the UK in 2015. This course will provide an introduction to the principles behind the accounting entries for financial instruments under the new standard. The course involves practical application of the accounting principles with a comprehensive case study involving the accounting entries for the financial instruments.

Accounting for Subsidiaries – IFRS 10 and IFRS 3

IFRS 10 and IFRS 12 have been effective for a number of years and together with IFRS 3 they provide the requirements for identifying a subsidiary, conducting the purchase price allocation exercise on acquisition, calculating goodwill, accounting for step acquisitions and changes in ownership in addition to the disclosure requirements. This course will explore the detailed requirements of these three standards through the use of company financial statements, illustrations and exercises. It also provides an overview of any technical developments or proposals in this area.

Accounting Principles 1 – Posting Basic Transactions

This course explores the mystery of double entry postings and other basic accounting principles. It will illustrate how entries are posted in computerised accounting ledgers and show how sales, purchases and other accounting transactions relate to each other.

Case studies and worked examples are used as detailed explanations of how the concepts work, are updated and interact with each other. Delegates will work through examples reflecting everyday transactions they would come across in practice.

Accounting Principles 2 – Accounting Adjustments can be attended to develop these concepts further.

Accounting Principles 2 – Accounting Adjustments

This course builds on the basic principles covered in the Accounting Principles 1 – Posting Basic Transactions course and provides an understanding of why and how these ledgers interact and have to be reconciled.

Sessions will also explain how assets and liabilities are recorded, adjusted and valued as necessary especially at period end. Case studies and worked examples will be used as detailed explanations of how the fundamental accounting concepts work, are updated and interact with each other. Delegates are given the opportunity to work through examples that reflect realistic everyday transactions they would come across in practice.

Accounting Principles for Tax Department Staff

This one-day course provides tax department staff with the core accounting principles they need to be aware of to be effective.  The course covers basic accounting principles and the impact of recent UK and international accounting standards, including FRS 102.

Adoption of FRS 102 (including Section 1A)

Preparers under FRSSE are required to adopt either FRS 102 with Section 1A (for small entities) or FRS 105 (for micro entities) for financial years starting on/after 1 January 2016.  Early adoption of these frameworks is allowed, which is of great benefit to entities as there is then no need to adopt FRSSE 2015 as an in-between GAAP.  This course is therefore of significant relevance to small entities adopting FRS 102 Section 1A. The course covers FRS 102 (including Section 1A) requirements and changes from ‘old UK GAAP’ in depth – supplemented by illustrative examples and exercises throughout.

Advanced Transfer Pricing – Loans and other Financial Transactions

Almost all multinational groups are obliged by transfer pricing legislation to determine the arm’s length interest rate on intragroup loans. Despite the ubiquity of these issues, the OECD Transfer Pricing Guidelines have little to say about loans and other financial transactions – nor do most textbooks. This course aims to provide a practical guide to how to apply transfer pricing rules to such transactions.

The course is not specific to any particular country; it is based on international norms. Nor is it specific to any industry; it covers transactions that arise in almost all industries.

An Introduction to Data Protection and General Data Protection Regulation (GDPR)

All businesses operating in the UK hold information about individuals (whether they be employees, customers or anyone else) and so are affected by data protection laws. Since failure to comply with requirements can result in regulatory action and criminal as well as civil liability, no organisation can afford to ignore the issue of data protection.

And now there is the EU General Data Protection Regulation (GDPR), which builds on existing legislation (still the 8 Data Protection Principles), but introduces some substantial new aspects, including for example that fines for non-compliance can be an eye watering €20m or 4% of annual Group turnover! (Brexit is not an escape clause – the GDPR comes into full effect UK in May 2018, when the UK will still be in the EU.) And there is also a new Privacy Regulation to come into force in the same time scale.

This course is aimed at lawyers, compliance officers, IT managers, directors and other professionals in companies and in public authorities. It provides a practical guide to how data protection works and how the principles must be applied in a variety of contexts, and how to get ready for the GDPR and other new EU developments in data protection.

Anti-Money Laundering and Counter-Terrorist Financing

This course provides an essential overview and refresher, including analysis of the changes brought about by the new international standards and the upcoming EU 4th Directive, together with the key findings of the UK’s National Risk Assessment.  It includes a comprehensive review of the UK’s laws, regulations and guidance notes and is also focussed on business needs, taking a risk-based approach and providing an understanding of the controls and processes needed to manage the threats.  Delegates will learn the threats to businesses and individuals posed by organised crime and terrorists and how to take a risk-based approach to manage them.

Applying FRS 101 – The Reduced Framework

This course is designed to provide an in-depth understanding of adopting/applying FRS 101 Reduced Disclosure Framework together with EU-adopted IFRS.

FRS 101 Reduced Disclosure Framework provides disclosure exemptions which are available for certain qualifying entities that apply IFRS in their individual financial statements.  This course provides a detailed look at the differences in the accounting treatment between previous UK GAAP and FRS 101 together with the specific requirements on first time adoption of FRS 101 (and EU-IFRS which it requires).

Illustrative examples and case studies are used throughout.  Additional application guidance and practical resources are also provided. 

Auditing IT Systems

Computerised systems add great value to an organisation when they operate correctly, but can have significantly adverse operational and reputational consequences when they go wrong.  The immediacy of the impact leaves little time for the organisation to rectify the problem before it enters the public domain. It is better to identify potential problems before they enter the public domain.  This requires good governance and management structures and a wide understanding of both the scope and impact of IT on the efficiency and effectiveness of business operations.

More about our courses

With our extensive programme of Accounting and Finance, Taxation, VAT, Governance, Risk and Compliance, Financial Markets and Corporate Treasury, and Charities courses, we can help improve the knowledge and efficiency of your entire team and keep you ahead of ever-changing regulations and developments

You can easily ask questions and discuss scenarios relevant to your business or workplace. Our comprehensive courses aim to provide a thorough understanding of specific topic areas. As well as a range of refresher and update courses to assist you if you need to update your knowledge.

Whichever course you attend, our expert trainers have been carefully selected for their knowledge and experience. They deliver the courses from a practical perspective giving you the skills to enable you to use what you’ve learned back in the office. 

In-house – All courses can be run In-house and tailored to meet your specific training needs. We can also put together bespoke courses if you do not see anything that meets your requirements in our programme. Our trainers are specialists in their respective fields and deliver engaging and informative courses supported by relevant course materials. Find out more here.

If you have an enquiry regarding any one of our courses or you are interested in running a course in-house, our training team would be delighted to help. You can call us on 0844 873 2121 or by contacting us on courses@quorumtraining.co.uk.

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