Accounting

You will gain comprehensive knowledge of the key practical questions that arise when creating financial statements in accordance with the German Commercial Code. Drawing on a wide range of practical examples, you will find out more about the individual balance sheet items, the valuation, and the underlying accounting techniques in each case. In addition, you will get to know the key deviations from IFRS and tax accounting law. The instructors will gladly answer any individual questions you may have, based on their many years of practical experience in the auditing of and consultancy to SMEs and market-listed groups.

Fundamentals

• Components and legal fundamentals of the annual accounts
• Basic principles of accounting
• General financial accounting and valuation specifications

The reflection of individual sets of circumstances in the balance sheet and the profit and loss account:

• Intangible assets
• Property, plant and equipment
• Leasing
• Financial assets
• Inventories and accounts receivable
• Other assets
• Equity capital
• Provisions
• Liabilities
• Accruals and deferrals
   

You will gain greater in-depth knowledge of selected subjects, related to financial accounting and valuation, which arise in the preparation of financial statements in accordance with the German Commercial Code. Using many practical cases and through the analysis of concrete annual financial statements, you will find out more about difficult and discretionary matters in financial accounting. In addition, important deviations from IFRS and tax accounting law will be explained. The instructors will gladly answer your individual questions, based on their many years of practical experience in the auditing of and consultancy to SMEs and market-listed groups.

• Special features of revenue recognition
• Financial accounting for company acquisitions
• Internally generated intangible assets (in particular development costs)
• Options in terms of the percentage of completion method
• Valuation of shares
• Deferred taxes
• Valuation units/hedging
• Special cases for the financial accounting of provisions
• Notes to the financial statement
• Management report
• The foundations of group financial accounting/consolidation steps

In the seminar, you will become familiar with the increased information- and transparency-related requirements of the IAS/IFRS international accounting standards. You will gain an overview of all the key IFRS standards that are relevant to practice. With the use of several short case studies, you will be able to take the knowledge you have acquired and apply it in practice. In addition, examples from real business reports will be looked at. Using errors identified by the Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung, DPR) we will show you how you can avoid various errors. The instructors will gladly answer any questions you may have, based on their many years of practical experience in auditing and consulting.Die wichtigsten Grundkonzepte des Change-Managements im Überblick

• Legal fundamentals and institutional framework conditions
• Convergence and harmonization of internal and external accounting
• Components of the financial statements and effects of first-time accounting in accordance with IFRS
• Comprehensive representation of all key balance-sheet items
• Options for the representation of the profit and loss account and statement of comprehensive income
• Explanation of problematic areas of revenue recognition, in particular effects on financial accounting for complex business models
• Deferred taxes
• Cash flow statement
• Reporting in the notes to the financial statement in accordance with IFRS, taking into account segment reporting

At this practical seminar, you will learn all the current specifications under tax and financial accounting law, including IAS/IFRS. You will consolidate the knowledge you have acquired through the use of many practical examples and case studies. In this way you will gain certainty and efficiency in the capitalization of IT equipment software, and other intangible assets.

• Bookkeeping and financial accounting for IT equipment and IT accessories
• Obligations/rights and prohibitions relating to capitalization
• Risks in the valuation and leasing of software
• Handling of research and development costs
• Fiscal handling of ERP software / the current opinion of the Institute of Public Auditors in Germany
• Advantages and disadvantages, as well as renewals, of leasing in commercial/tax law and IFRS

In practical exercises using a wide range of extracts from current annual and consolidated financial statements prepared in accordance with IFRS and the German Commercial Code, you will quickly learn how to get an overview of a company’s financial position, performance and changes in financial position. You will be able to identify discretionary scope, implement grooming transactions, employ a targeted balance sheet policy, and conduct a quantitative and qualitative financial statement analysis. In particular, you will also be able to identify the limits of validity for financial figures that are usually employed in practice. The instructors will gladly answer your individual questions, based on their many years of practical experience in the auditing of and consultancy to SMEs and market-listed groups.

• Analysis of the financial position, performance, and changes in financial position
• Quantitative and qualitative analysis
• Gaining knowledge as well as the limits of validity for financial figures in practice
• Balance sheet, profit and loss account, cash flow statement, statement of changes in equity, and notes to the financial statement: Where can each of these things be found?
• How do you identify hidden liabilities, potential overvaluations, and any need for impairment of assets?
• How can you identify hidden liabilities and latent risks in the provisions and liabilities?
• Additional sources of knowledge: The management report and audit report
• Target audience
• The Annual Financial Statement Analysis seminar is intended primarily for decision-makers and employees from the Controlling, Treasury, and M&A departments, as well as accountants, credit and stock analysts, and anyone who would like to gain a deeper understanding of the targeted reading of a business report.

At this practical seminar, you will learn all the current specifications under tax and financial accounting law, including IAS/IFRS. You will consolidate the knowledge you have acquired through the use of many practical examples and case studies. In this way you will gain certainty and efficiency in the capitalization of IT equipment software, and other intangible assets.

Generally accepted accounting principles

• Tasks and addressees
• Legal regulations of the German Commercial Code
• Underlying technology
• Debit and credit
• A simple and clear view of T accounts

Understanding of the different account types

• Accounts for the balance sheet and profit and loss account
• Assets and liabilities
• Expenditure and income

Recording practically relevant business transactions in the accounts

• Non-current and current assets
• Equity capital
• Provisions and liabilities
• Accruals and deferrals
• Sales revenue

You will become familiar with the fundamentals of various event-driven valuation procedures. You will gain an overview of the process of company valuation, as well as the parameters that influence its value and how to determine them. In this process, examples will be used to show you ways to influence corporate values. You will be able to identify the complex valuation-related interactions, and the importance of forecasting in terms of company valuation. Our valuation professionals will be happy to answer any individual questions you may have.

• Reasons for valuation: Legal and contractual bases
• Valuation methods: The German income approach, discounted cash flow method, and trading and transaction multipliers
• Preparation and plausibility-checking of forecasts: Valuation of the business entity, the principle of the cut-off date, valuation of non-operating assets, accounting for synergetic effects, and phase models
• Finding the calculatory interest: Risk-free basic interest rate, quantification of the risk surcharge, sources of information
• Modeling of a real case in Excel: Important fine-tuning in value determination
• Principles of tax valuation

The Comparing German Commercial Code and IFRS seminar provides a concise view of the accounting standards in the German Commercial Code alongside the IFRS. The main problematic areas are illustrated using many current best practices from business reports. In addition, frequent findings by the Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung, DPR) are used to show which circumstances are particularly prone to errors in accounting. Smaller case studies complete the seminar. The instructors will gladly answer your individual questions, based on their many years of practical experience in the auditing of and consultancy to SMEs and market-listed groups.

• Legal fundamentals and institutional framework conditions
• Key differences and commonalities between the German Commercial Code and IFRS
• The application of specific terminology in accordance with the German Commercial Code and IFRS
• Components of financial statements in accordance with the German Commercial Code and IFRS
• Effects on the presentation of the balance sheet and profit and loss account as well as key figures when switching from the German Commercial Code to IFRS
• Detailed explanation of all the key balance-sheet items
• Profit and loss account: Total cost method versus the cost of sales method, harmonization of internal and external reporting, and deferred taxes
• Extent of the obligations to provide explanations in the notes to the financial statement in accordance with the German Commercial Code and IFRS

You will quickly learn how to deal with the key techniques of consolidation and try these out using case studies from practice. In addition, best practices are demonstrated using current business reports. Our consolidation professionals will be happy to answer your individual questions in the “supreme discipline” of accounting.

• Fundamentals and components of consolidated financial statements
• Demarcation of the consolidation scope and consolidation methods
• Consolidation of capital
• Consolidation of debts
• Elimination of intercompany profit and loss
• Expense and income consolidation
• Proportional consolidation
• Equity method
• Deferred taxes in the Group

You will gain an overview of all steps involved in financial, tax, and legal Due Diligence (DD). In this process, you will use practically oriented examples to structure DD projects in such a way that guarantees efficient and careful analysis of the object of purchase. You will be able to identify the risks associated with the transaction at an early stage. By closing information gaps, you will be able to support and accelerate the entire negotiation process, the contract design, and the valuation of the object of purpose.

• Process
  • Project process
  • Letter of intent
  • Non-disclosure agreement
  • Asset vs. share deals
  • List of documents
  • Data room
  • DD team
  • Checklist and list of questions that have been tried and tested in practice
  • DD report 
• Financial DD
  • Analysis of the financial statements as well as the financial position, performance, and changes in financial position
  • Reviewing the plausibility of the plans
  • Verification of the business plan
• Tax DD
  • Identifying tax risks
  • Internal control system for taxes
  • Loss carryforwards
  • Analysis of the BP reports
  • International transfer prices
  • Fiscal tax groups
  • Optimum transaction design 
• Legal DD
  • Analysis of the relevant contracts
  • Articles of association
  • Key supplier and customer contracts
  • Contracts with related persons
  •  Compliance system
• Effect of DD on the valuation
  • Plausibility and resilience of the plans
  • Making allowance for particular risks
• Effect of DD on the purchase agreement
  • Required contractual assurances and guarantee-related provisions in the framework of negotiations on the sales purchase agreement
  • Inclusion of tax-related clauses

You will quickly learn how to deal with all practically relevant regulations that relate to revenue recognition The regulations of the IFRS 16 standard that will be mandatory from 2019 will be discussed with you in detail. The instructor will be happy to answer your individual questions based on their many years of practical experience in the auditing of and consultancy for SMEs and market-listed groups, as well as their expertise in taking care of IFRS 16 projects. Problematic areas will be dealt with and thoroughly explored by means of many case studies. Considerations relating to the practice of accounting in accordance with business law, the principles concerning tax on profits with respect to financial accounting for leases, as well as analysis of error-related findings from the Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung, DPR).

Problematic areas relating to financial accounting for leases under business and tax law, and weaknesses in the “old” IAS 17 standard

Practical problematic areas for IFRS 16

• Identification of lease relationships
• Simplifications and exceptions
• Separation of lease and non-lease components
• Variable lease payments
• Determining the term of the lease relationship
• First-time valuation of the right to use and lease liability
• Subsequent valuation of the right to use and lease liability
• Differentiating between “reassessment” and “lease modifications”
• (Re-)Determination of the discount rate
• Special features in financial accounting for sale and leaseback transactions
• Effects on certain sectors
• Indicators
• Remuneration systems
• etc.

You will learn how to deal with all practice-relevant regulations relating to purchase price allocation and impairment tests. Based on current best practices and error-related findings from the Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung, DPR), you will learn how you should approach purchase price allocation and an impairment test, and avoid errors. Our transaction specialists will be happy to answer any individual questions you may have.

• Fundamentals of, and systems in purchase price allocation in accordance with IFRS 3
• Interpretation by means of the specifications in IDW S 5
• Identification of key assets and debts: Intangible assets such as customer relationships and orders on hand, brands, technologies, research and development projects, contingent liabilities, and restructuring
• Valuation procedures and valuation methods: Market-price-oriented, capital-value-oriented, and cost-oriented valuation procedures
• Fundamentals of, and systems in impairment tests in accordance with IAS 36
• Interpretation by means of the specifications in IDW RS HFA 40
• Case studies
• Representation in companies’ reporting

Im Seminar lernen Sie alles Wichtige, um auch komplexe Change-Vorhaben erfolgreich im eigenen Unternehmen zu durchzuführen. Wenn Sie bereits Erfahrung mit Change-Projekten haben und neue Insights und weitere Praktiken für Veränderungsvorhaben kennenlernen möchten, ist dass das richtige Seminar für Sie. Das Wissen um Change-Management weiterzugeben zählt zu den elementaren Aufgaben des Changers. Wir geben unsere Expertise weiter und zeigen Ihnen im Seminar auf, wie Sie Change-Trainings emotional erlebbar machen. Im ADVANCED-Modul lernen Sie auch, mit dem Spannungsfeld im eigenen Unternehmen in Ihrer Rolle als Changer umzugehen und wie Sie diesem professionell begegnen können. Für Ihren individuellen Mehrwert bieten wir Ihnen die Möglichkeit vorab bei der Anmeldung Ihren „Case for Change“ zu beschreiben, damit dieser im Seminar bearbeitet werden kann.

• Key standards in terms of recognition and valuation in accordance with IFRS, the German Commercial Code and tax law
• Identification of discretionary scopes and balance sheet policy
• Practical examples and findings from published business reports and error-related findings by the Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung, DPR)  
• Case studies

You will quickly learn how to deal with all practically relevant regulations that relate to revenue recognition The regulations of the IFRS 15 standard that will be mandatory from 2018 will be discussed with you in detail. The instructor will be happy to answer your individual questions based on their many years of practical experience in the auditing of and consultancy for SMEs and market-listed groups, as well as their expertise in taking care of IFRS 15 projects. Problematic areas will be dealt with and thoroughly explored by means of many case studies. Analyses of error-related findings by the Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung, DPR) complete the seminar.

• Introduction of a 5-stage model
• Revenue recognition relating to a point in time rather than a time period
• Other key changes and problematic areas, in particular transaction price allocation and contract costs as well as representation
• Examples from the illustrative examples and TRG documents
• Case studies
• Insight based on current reports from various sectors: Telecommunications, Utilities, Financial Services, Retail, Airline Industries, Automotive Supplier, Engineering & Defense, Life Science Industry, Media & Entertainment (including football)

As an accounting practitioner, keep your finger on the pulse in terms of all the developments relating to accounting in accordance with IFRS. Make sure you are aware of new standards and interpretations as well as their effects. The seminar content will be adapted to the focal areas from practice at short notice in each case. Here, the current IASB and IFRIC agenda as well as developments on the capital market are given particular attention. Insight from error-related findings by the Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung, DPR) as well as the auditor’s reports on the Key Audit Matters relating to discretionary topics relating to financial accounting complete the seminar.

• Representation and explanation of key practical problematic areas in the new IFRS standards relating to IFRS 9, IFRS 15 and IFRS 16
• Overview of current activities of the IFRIC, such as with respect to IFRIC 23 and the IFRIC updates
• Current insight from IFRS financial accounting practice, for example from key audit areas and central audit findings by the Financial Reporting Enforcement Panel (Deutsche Prüfstelle für Rechnungslegung, DPR) and the auditor’s reports relating to Key Audit Matters