Conceptual Framework
and Presentation
of Financial Statements
(IFRS/US GAAP)
Who should attend
 Accountants
 Financial managers
 Internal auditors
 Internal controllers
 Employees of financial services, who are familiar with the basics of accounting.
Duration
2 days / 16 academic
hours / 16 CPD units /
14 СPE credits
Objectives
 To acquire the basic knowledge in financial accounting
 To consider the conceptual principles of the preparation of financial statements
according to IFRS/IAS and US GAAP
 To consider the following IFRS/IAS and US GAAP:
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
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IAS 1 «Presentation of Financial Statements»
ASC 205 «Presentation of Financial Statements»
ASC 210 «Balance Sheet»
ASC 215 «Statement of Shareholder Equity»
ASC 220 «Comprehensive Income»
ASC 225 « Income Statement»
ASC 235 «Notes to Financial Statements».
Training methodology
 Training is conducted in an interactive form and includes a number of case
studies.
 Training participants are provided with specially designed training materials
in Russian.
IFRS/US GAAP: Conceptual Framework and Presentation of Financial Statements
Training outline
Day 1
Certificates
Certificates of the EY Academy of Business.
Fundamental concepts of financial accounting
Place and time
 Role of accounting
Open trainings are conducted at EY Academy
of Business from 9:30 to 16:30.
 Main objectives and definitions of financial
accounting
 Principles and concepts of financial accounting
In-company training
Financial Statements
 Preliminary analysis of clients’ training needs,
identification of aims and goals
 Financial Statements structure
 Training adaptation to industry
 Statement of Financial Position
 Statement of Comprehensive Income
 Flexible approach to training location
and schedules
 Statement of Changes in Equity
 Report on the training results on request.
 Notes to Financial Statements
Recommended training scheme
Day 2
 Conceptual Framework and Presentation
of Financial Statements (IFRS/US GAAP)
Recording transactions
 Books of prime records
 General ledger
 Trial balance
Period-end adjustments
 Accrued expenses
 Accrued income
 Prepaid expenses
 Deferred income
 Worksheet
Closing entries.
2
 Presentation and Measurement of Working
Capital Elements (IFRS/US GAAP)
 Accounting for Non-current Assets (IFRS/
US GAAP)
 Accounting Estimates in Preparation of Financial
Statements (IFRS/US GAAP)
 Recognition and Measurement of Income
and Expenses (IFRS/US GAAP)
 Investments and Financing Sources in Financial
Statements (IFRS/US GAAP)
 Accounting for Employee Benefits (IFRS/
US GAAP)
 Reporting of Changes in Foreign Exchange Rates
(IFRS/US GAAP)
 Disclosures in Financial Statements (IFRS/
US GAAP)
How to apply?
Please complete the registration form online
at our web site: ey.com/cis/academy