In order to thrive in today’s competitive financial environment, you need to stay on the cutting edge of current industry requirements. Our in-house and public seminars are aligned with the goals and objectives of your organization, promote knowledge retention through active participation and their key aims are to sharpen your skills and develop your expertise. We offer a wide range of seminars covering topics such as:
– Fraud Prevention / Detection
IFRSs provide a global language for business affairs so that company accounts are better understood. The rules are frequently revised to present relevant, useful, and transparent information to users, but this regular change in rules can make IFRSs implementation challenging or even daunting. Eventually, every business will come across a financial reporting issue when preparing their financial reports. In these situations, expert IFRS advice is crucial. Some of our key IFRS services are:
– Specialist technical advice
– Implementation services of new accounting standards
– Forensic / expert witness services in application of IFRSs
FRAUD PREVENTION CONSULTING
Regardless of the type of business, the risk of fraud is always present. Fraud is estimated to cost organizations 5% of revenues each year. To put it simply into numbers, the projected worldwide impact is a staggering $3.7 trillion loss! Most victim companies recover nothing from their losses and it is estimated that a third of the US corporate bankruptcies are a direct result of employee theft. Our Fraud Prevention services include:
– Fraud risk assessment
– Fraud policy review
– Designing a system of internal controls
Financial Learning Hub (FLH) was founded in 2017. FLH is a boutique firm, specializing in IFRSs and Fraud Prevention & Detection. The success of your business is our business.
Orestis is the founder and Managing Director of FLH. He is a qualified Chartered Accountant (ACA), member of the ICAEW and a qualified Certified Fraud Examiner (CFE), member of the ACFE.
Since 2010, he has been training ICAEW & ACCA students for their exams. Orestis has also been successfully delivering seminars to qualified accountants and other professionals for CPD purposes. Furthermore, he has served as a lecturer at 2 of the most prestigious Universities in Cyprus. He frequently publishes technical articles related to the services FLH provides, with dozens of thousands of readers worldwide.
Although non-financial items fall outside the scope of IFRS 9, if those contracts can be settled net in cash, then they are within the scope of IFRS 9 (subject to an exception). This is because these contracts meet the definition of a derivative. The exception is where, despite the ability to settle net, the entity … Continue reading IFRS 9 – Own Use Contracts
IFRS 16 provides an optional exemption from the full requirements of the standard for short-term leases (leases with a lease term of 12 months or less). If the entity elects to take the exemption, lease payments are recognized as an expense on a straight-line basis over the lease term or another systematic basis. The short-term lease exemption must be applied consistently to all … Continue reading IFRS 16 and Short-term Leases