Accounting Treatments for Industry Types

Service Description

A five-day training plan that covers accounting treatments for various industry sectors, specifying accounting standards unique to each sector for accounting, recognition, pricing, and valuation for management and financial accounting reports: Day 1: Accounting Treatments in the Mining Sector 1. Introduction to Accounting in the Mining Industry 2. Industry-Specific Accounting Standards (e.g., IFRS 6) 3. Exploration and Development Costs 4. Mineral Reserves and Resources Reporting 5. Asset Impairment Testing in Mining 6. Revenue Recognition and Pricing 7. Case Study: Financial Reporting in the Mining Sector 8. Group Discussion and Q&A Day 2: Accounting Treatments in Healthcare and Pharmaceutical Sector 1. Accounting Challenges in Healthcare and Pharma 2. Industry-Specific Accounting Standards (e.g., IFRS 15 for Pharma) 3. Revenue Recognition for Healthcare Services 4. Valuation of Intangible Assets (Drug Patents) 5. Research and Development Costs 6. Drug Inventory Accounting 7. Case Study: Financial Reporting in Healthcare and Pharma 8. Group Discussion and Q&A Day 3: Accounting Treatments in Financial Markets and Banking Sector 1. Accounting in Financial Services 2. Industry-Specific Accounting Standards (e.g., IFRS 9) 3. Fair Value Measurement of Financial Instruments 4. Loan Loss Provisioning 5. Hedge Accounting 6. Investment Portfolio Valuation 7. Case Study: Financial Reporting in Financial Services 8. Group Discussion and Q&A Day 4: Accounting Treatments in Science and Research & Development Sector 1. Accounting Challenges in R&D 2. Industry-Specific Accounting Standards (e.g., IAS 38 for Intangible Assets) 3. Capitalising R&D Expenditures 4. Intellectual Property Valuation 5. Collaboration Agreements and Revenue Recognition 6. Grants and Government Funding 7. Case Study: Financial Reporting in R&D 8. Group Discussion and Q&A Day 5: Accounting Treatments in Various Sectors 1. Industry-Specific Accounting in Manufacturing, Education, Energy, Imports and Exports, Service, Travel and Tour, Agriculture, and Farming Sectors 2. Key Accounting Standards and Considerations for Each Sector 3. Case Studies: Financial Reporting in Diverse Sectors 4. Regulatory Compliance and Reporting Challenges Across Sectors 5. Emerging Trends in Sector-Specific Accounting 6. Final Exam and Assessment 7. Course Conclusion and Certificates Throughout the training, participants will engage in practical exercises,

Contact Details

• Ability House, 121 Brooker Road, Waltham Abbey, UK

  +442081453355

  info@pmct.co.uk