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.
For reporting periods ending on or after 31 January 2020, the effects of the COVID-19 would need to be incorporated into the preparation of financial statements. The financial reporting implications will depend on the facts and circumstances of each entity. The following are some of the financial reporting considerations that entities and engagement teams need … Continue reading Effects of the COVID-19 on 2020 Reporting Periods
Revenue can be recognized either over a period of time or at a point in time, depending on when a performance obligation is fulfilled. An entity must consider 3 criteria to determine whether control over an asset is transferred over time. If any of these criteria is met, then the entity should recognize revenue over … Continue reading IFRS 15 – Performance obligations satisfied over time