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IFRS Training

IFRS Training

Having your accounts department trained in International Finance Reporting Standards (IFRS) is a proactive step that you can take now to assure that any future government regulations or company expansions are handled smoothly and without disruption to daily operations.

These accounting standards created by the International Accounting Standards Board (IASB) are being adopted by many companies who are public or thinking of becoming public. Incorporating them into your existing accounting framework means your accounts will achieve a high global standard for all your company’s financial reporting.

Kress Cooper offers accessible, comprehensive IFRS training to your staff that will introduce and build on the procedures and guidelines of the IASB, and how they can be immediately adopted. By giving participants a ready-made, methodical and structured process for the migration and adoption of an IFRS structured reporting platform, we enable our training to be put into practice as soon as the course is complete.

We empower your employees to understand and learn IFRS so that they can are 100% competent in its implementation and application leaving your company in a globally compliant position now and in future.

MS office and others Training

Microsoft office training includes the collection of Word, Excel, PowerPoint, and Outlook. Each program serves a different purpose and is compatible with other programs included in the package.

Microsoft Excel is used for various purposes by business establishments. Easy and effective comparisons – With the powerful analytical tools included within Microsoft Excel you have the ability to analyze large amounts of data to discover trends and patterns that will influence decisions. Microsoft PowerPoint is a presentation software program that is commonly used in both businesses and classrooms. Microsoft PowerPoint offers word processing software, outlining, drawing, graphing, and presentation management tools- all designed to be easy to use and learn. Microsoft Office Outlook is mostly used for storing, receiving and sending emails, it is called a personal information management tool because it also includes calendar, tasks, contacts, and notes as well as a journal.

Following people should attend this training:

  • Front Office Administrator
  • Secretary
  • Assistant Office Manager
  • Office Manager
  • Office Administrator
  • Computer Instructor
  • IT technical support
  • SharePoint specialists
  • Personal Assistant

Transfer Pricing are the prices at which companies forming part of a multinational group exchange tangible goods, intangibles, services or financial arrangements.

Increased regulatory and compliance requirements, as well as international focus on Transfer Pricing, have resulted in an increased focus on Transfer Pricing. Therefore, multinational enterprises should nowadays pay more attention to the Transfer Pricing aspects in relation to their daily business.

In this context, we are pleased to provide a training on Transfer Pricing. The training gives you a theoretical and practical understanding of the basic Transfer Pricing principles. The training will also focus on the Transfer Pricing rules currently in place in GCC countries. Relevant concepts such as the arm’s length principle, transfer of profits, intragroup transactions and hidden dividend distribution will be discussed.

OBJECTIVES

The objective of this course is to understand the key aspects of Transfer Pricing. Upon completion of the course, participants will be able to:

  • Assess potential Transfer Pricing risks as well as potential Transfer Pricing opportunities;
  • Explain the most recent Transfer Pricing developments in GCC.
  • Identify the key requirements to comply with the Transfer Pricing rules, especially in relation to the requirements when being engaged in financial intermediation activities.
  • Apply in practice the examples analyzed during the training.

CONTENTS

  • Introduction
  • Key aspects of transfer pricing
  • Definitions / basic principles
  • Impact of transfer pricing
  • Steps in assessing transfer pricing
  • Transfer pricing methods
  • Transfer pricing policy setting and documentation
  • Overview of Transfer pricing in GCC
  • Conclusions

For many accounting departments, VAT is a big headache that will not go away. Knowing when, where, why and how to pay VAT can be a list of confusing questions. Getting your VAT payments and claims right is important for compliance and cost-savings.

Kress Cooper has VAT experts that are ready to train your accounting staff on every area of VAT ensuring your company navigates the system correctly and to its advantage.

Our training is broken down into parts that specifically pertain to your business and region, and take into account:

  • Current suppliers, vendors andcustomers,
  • Types of services supplied and purchased,
  • Continual recording and classification of VAT to be paid or claimed,
  • Processes in place that address VAT compliance,
  • Procedures that can maximize VAT claims.

We not only teach the board basics of VAT to your employees but also take a specific look at how they are currently dealing with VAT as it applies to your organisation’s daily operations. By under standing what is in place and how your accounts department engages with it, we can custom our program so it is immediately applicable to day to day work habits.We also make customary recommendations as to how VAT compliance and claims can be better managed by every level of the company ending at the accounts department’s filing of VAT reports and returns. In this way we are not only providing training but also advice on how to optimise your response to this regulatory requirement.

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