Level Three
CARRER EXPERT
STARTING DATE
Feb 15, 2025
CLOSING DATE
March 9, 2025
DURATION
4 weeks
TUITION
₦500,000 / $350
FORMAT
Online
ABOUT
Level Three is designed to provide a comprehensive understanding of advanced financial accounting and reporting concepts. It covers a wide range of topics, including complex financial instruments, consolidation, business combinations, and international financial reporting standards (IFRS). Through a combination of theoretical knowledge and practical application, participants will develop the skills and expertise necessary to navigate the complexities of modern financial reporting.
Who should register?
- Accounting and Finance Professionals: Experienced professionals seeking to deepen their knowledge of complex accounting standards and regulations.
- Auditors and Consultants: Individuals in audit and consulting firms who need to stay updated on the latest accounting developments.
- Financial Analysts and Controllers: Professionals responsible for financial analysis, reporting, and decision-making.
- Aspiring CFOs and Financial Directors: Individuals aiming for senior leadership roles in finance.
What does the program offer?
Level Three provides a comprehensive and practical approach to advanced accounting and finance concepts. Key areas of focus include:
- In-depth Coverage of Advanced Topics:
- Complex financial instruments
- Consolidation of financial statements
- Business combinations
- IFRS 9 Financial Instruments
- IFRS 15 Revenue from Contracts with Customers
- IFRS 16 Leases
- IFRS 17 Insurance Contracts
- Practical Application:
- Case studies and real-world examples
- Hands-on exercises and simulations
- Group discussions and peer learning
- Expert Faculty:
- Experienced industry professionals and academic experts
- Engaging and informative lectures
- Networking Opportunities:
- Connect with fellow professionals and industry leaders
- Build valuable relationships and expand your network
Learning Outcomes
Upon completion of Level Three program, participants will be able to:
Get Advanced Courses
Week 1: Introduction and General Framework
- Overview of ECL
- General ECL Framework
- Significant Increase in Credit Risk and Staging Considerations
Week 2: Components of the General Approach
- Exposure at Default (EAD)
- Probability of Default (PD)
- Loss Given Default (LGD)
- Probability Weightings
- Incorporation of Forward-Looking Information (FLI)
Week 3: Simplified Approach and Practical Considerations
- Background to Simplified Approach and Provision Matrix
- Settlement Pattern Method
- Roll Rate Method
- Key Practical Considerations and Issues
- Practical Exercises
Week 4
- Practical Applications, Group and Capstone Project
Week 1: Introduction to Derivatives
- Definition of Terms
- Qualifying Criteria for Hedge Accounting
- Types of Hedges
- What are Derivatives?
- Types of Derivatives
Week 2: Hedge Effectiveness and Financial Statement Implications
- Hedge Effectiveness Assessment
- Financial Statement Implications of Hedge Accounting
- IFRS Financial Statement Disclosures
Week 3: Practical Applications and Case Studies
- Case Studies on Hedge Accounting
- Practical Exercises on Derivative Valuations and Hedge Effectiveness Assessments
Week 4
- Practical Applications, Group and Capstone Project
Week 1: Overview and Scope
- Overview of IAS 29
- Selection of General Price Index (GPI)
- Determination of Restatement or Conversion Factor
Week 2: Restatement Procedures and Monetary/Non-Monetary Items
- Segregation of Monetary and Non-Monetary Items
- Restatement Procedures
- Impact of Hyperinflationary Foreign Operations
- Calculation and Proof of Net Monetary Gain or Loss
Week 3: Interim Financial Reporting and Practical Considerations
- Application of IAS 29 to Interim Financial Reporting
- Practical Exercises on Restatement and Conversion
Week 4
- Practical Applications, Group and Capstone Project
Week 1: Overview and Short-Term Employee Benefits
- Overview and Scope of IAS 19
- Accounting for Short-Term Employee Benefits
Week 2: Post-Employment Benefits
- Defined Contribution Plans
- Defined Benefit Plans
- Calculation of Defined Benefit Obligation (DBO)
- Recognition of Actuarial Gains/Losses, Past Service Cost, and Net Interest
Week 3: Practical Considerations and Case Studies
- Practical Exercises on Calculating DBO and Recognizing Pension Costs
- Case Studies on Complex Pension Arrangements
Week 4
- Practical Applications, Group and Capstone Project
Week 1: Introduction to IFRS 16
- Scope and Key Principles
- Identifying a Lease
- Right-of-Use Asset and Lease Liability Recognition
Week 2: Subsequent Measurement and Lessor Accounting
- Subsequent Measurement of Right-of-Use Asset and Lease Liability
- Lessor Accounting
- Sublease Agreements
- Foreign Currency-Denominated Leases
Week 3: Lease Modifications, Reassessments, and Practical Considerations
- Accounting for Lease Modifications and Reassessments
- Areas of Judgment in IFRS 16 Application
- Practical Exercises on Lease Accounting
Week 4
- Practical Applications, Group and Capstone Project
Week 1
- Amendment to IFRS 16 – Leases on Sale and Leaseback
- Amendment to IAS 7 and IFRS 7 – Supplier Finance
Week 2
- IFRS 18 Presentation and Disclosure in Financial Statements
- IFRS 19 Subsidiaries without Public Accountability: Disclosures
Week 3
- Amendments to IAS 21 – Lack of Exchangeability
- Amendments to IFRS 9 and IFRS 7 – Classification and Measurement of Financial Instruments
Week 4
- Practical Applications and Capstone Project
