On June 3, 2015, at 13:00, the webinar “Analysis of Differences between National Accounting Regulations (Standards) in Ukraine and International Financial Reporting Standards” will be held for free for legal and economics experts.

To register for the webinar, please follow the link.

To connect to on-line webinar:  https://login.webinar.fm/nndes

(the link will be activated on the date of the webinar, at 12:45).

Webinar program:

Track 1. Conceptual framework for preparation and submission of financial statements in compliance with IFRS and IAS: general description, IFRS structure, specifics of the IFRS first-time application, the analysis of the transition to IFRS when preparing financial statements.

Track 2. Comparative analysis of IAS and IFRS as regards recognition of non-current assets (intangible assets, fixed assets, investment property, leasing): initial recognition, evaluation of fixed assets on the accounting date, amortization, and reflection in the financial reports. Comparative analysis of IAS and IFRS as regards recognition of current (circulating) assets (stocks): determination of expenses recognized as an asset and carried forward as future revenues; determination of cost and subsequent expenses, including any partial write-down below cost to net realizable value.

Track 3. Comparative analysis of IAS and IFRS as regards recognition of financial investments, disclosure of information that enables users to evaluate the significance of financial instruments for financial status and performance; the nature and extent of risks arising during and at the end of the accounting period. Comparative analysis of IAS and IFRS as regards accounting for obligations (provisions for future expenditure and payments): specifics of accounting for provisions, contingent liabilities and contingent assets, and disclosure notes sufficient to enable users to understand their nature, timing and amount.

Track 4. Comparative analysis of IAS and IFRS as regards accounting for revenues, expenses, income tax): recognition of revenue arising from sale of goods, services and use of assets by other parties, yielding interest, royalties and dividends; accounting, estimate and date of expense recognition. Specifics of formation of financial results and their reflection in the financial statements.