Finance Professionals Technical Update

Speaker:  Laurence Howland / John Sharkey / Robert Phelps BA FCA / Derek Taylor / Steve Giles  |  CPD Hours: 6.0

Price £495 plus VAT

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OBJECTIVES

This technical update will cover all the latest developments across a variety of topics. It will highlight challenges, identify potential risks and provide you with the expert guidance you need to stay ahead of the game.

CONTENT

Corporate Governance Changes

Steve Giles

50 mins

The UK Corporate Governance regime has been strengthened with increased reporting requirements and corporate governance code changes from the start of Jan 1st 2019. These changes will affect listed as well as large private companies. The intention is to improve the running of companies, protect the interests of shareholders and demonstrate engagement with employees, customers and suppliers. This presentation delivered by Steve Giles will review the key changes and looks at which companies they will affect.

  • Changes in corporate governance in the UK applicable from 1 January 2019
  • New Wates Corporate Governance Principles for large private companies.
  • Other legislative changes

IFRS news round up 2019

Bob Phelps

50 mins

IFRS 16 Leases is the product of a long and much debated standard setting process. Applicable for accounting periods starting on or after 1st January 2019, the new standard will require lessees to adopt an on-balance sheet accounting treatment for all leases of any significance. Any reporting entity that pays rent in order to secure the right to use items of property, plant and equipment will be impacted by IFRS 16, That is a lot of entities! This presentation delivered by Robert Phelps will consider some key aspects of IFRS 16 and will finish with a brief review of the IASB work plan post-IFRS 16.

  • IFRS 16 Leases
    • Overview of the new lessee accounting rules
    • FRC’s early disclosure recommendations
    • Review of an early adopter’s IFRS 16 numbers – AFKLM
  • IFRS what’s next? – a review of the IASB workplan

Bitcoin, Crypto Currencies and the Block-chain

Derek Taylor

50 mins

More people are now searching for how to invest in Bitcoin than how to invest in Gold!

What is Bitcoin? How does it work?

The course explores the FinTech revolution currently impacting not just Financial Services, but the wider markets in general.

This presentation sets out to explain Bitcoin and Crypto/ Digital currencies. We look at the technology that supports Crypto Currencies (Block-chain) and discuss future applications and how this technology is already changing the way we live.

  • What is FinTech? Disruptive Innovation
  • Distributed ledgers – Blockchain
  • Cryptocurrencies – Bitcoin/CBCC’s
  • Blockchain – technology applications
  • Smart contracts and DApps.

Criminal Finance Act 2017

Laurence Howland

40 mins

The Criminal Finances Act 2017 introduces two new corporate offences of facilitating tax evasion for a client, whether the evasion itself occurs in the UK or abroad. The legislation imposes further regulatory burdens on companies in order to ensure that they comply with the new rules.

This presentation, delivered by Laurence Howland, reviews the new offences and  highlights the potential pitfalls and the action that affected companies should take to ensure that they do not inadvertently fall foul of the legislation through a simple failure to act. The presentation will cover:

  • The background to the introduction of the offences
  • An explanation of the offences
  • Examples of potential breaches
  • The statutory defence and measures that can be taken to mitigate corporate responsibility.

Corporate Treasury in Practice

Derek Taylor

50 mins

This presentation will demonstrate how and why good treasury practices can be cost-effective, can improve corporate efficiency and will put the Treasury department in context with the rest of the organisation.

  • The need for a Policy and Procedures Manual
  • Cash Management/Forecasting/ Cash Concentration Techniques
  • Financing -Debt and Debt Management
  • Risk Management – Objectives: Profit centre vs Cost centre treasuries
  • The Exposure Management Process/Benchmarks and Hedge Ratios
  • Treasury Management Systems (TMS)
  • Banking Relationships – Relationship vs Transactional Banking

IFRS 17 Insurance Contracts

Bob Phelps

50 mins

Preparing for and implementing IFRS 17 is problematic and challenging, requiring considerable effort to gain an initial understanding of the impact on the reported numbers as well as identifying upgrades to processes and systems to ensure they can provide IFRS 17 compliant data.

This lecture will revolve around a review of the basics of the general accounting model for insurance contracts followed by a consideration and discussion of the main areas of difficulty that in practice will arise in applying the model to insurance contracts.

  • Background to IFRS 17
  • Out with the old and bring in the new – the basics of the general model explained
  • Identifying insurance contracts and groups of insurance contracts for accounting purposes
  • Review of problem areas that will arise in practice in applying the general model
  • Overview of the premium allocation approach
  • Transitional rules
  • An overview of the IFRS 17 approaches available

WHO SHOULD ATTEND

Finance Professionals that want to keep up  to date with the current changes in the finance industry.

Looking to train your team or a group?

We can deliver any of our courses tailored to your needs at your offices or at a location of your choice.

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