KPMG Learning. Course Catalogue. November 2014 LEARNING KEY. is the

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1 KPMG Learning Course Catalogue November 2014 LEARNING is the KEY

2 About KPMG Learning How do you make sure your training program goes beyond simply providing continuing professional education (CPE) credits, and actually delivers the knowledge and skills your people need to help your organization meet these challenges? For many organizations, the answer is KPMG Learning. KPMG Learning provides you with direct access to a variety of education programs with real-time accessibility. This is your one-stop shop for quality training in technical accounting and related topics geared to various learning formats, such as web-based programs, webcasts and customized on-site instructor-led classes. KPMG Learning also offers a suite of training related services, including building learning strategies, curriculum design and providing general learning management systems capabilities. If KPMG Learning sounds like a program your organization would be interested in learning more about, please click here to. Training Approach KPMG Learning delivers high quality training through three main streams:, OnLine and OnRequest. Our web-based training allows you to keep up with the latest in accounting developments from the convenience and comfort of your own desk. Browse through our online catalogue for a wide range of hot topics. OnLine Live webcasts Our webcasts can be accessed through a convenient online platform where peers can exchange insights, share leading practices and access the latest thought leadership. A full listing of available webcasts can be found at OnRequest Customized training and related services We understand that your organizational and training goals vary and that your needs may require a more highly-customized program. For more information on customized training and related services, please. 2 KPMG Learning Course Catalogue

3 Course Listing Offering a broad curriculum of technical accounting and finance courses aimed at addressing today s most important issues. The KPMG Learning Course Catalogue touches on and OnRequest courses. If you are interested in receiving more information about our OnLine courses using the webcast platform, please visit 3 KPMG Learning Course Catalogue

4 Introduction to IFRS and its Framework 6 Presentation of Financial Statements IAS 1 and IAS 10 6 Inventories IAS 2 6 Statement of Cash Flows IAS 7 7 Accounting Policies and Changes in Accounting Estimates and Errors IAS 8 7 Income Taxes IAS 12 8 Leases IAS 17 and IFRIC 4 8 Joint FASB/IASB Leases Project Update 9 Revenue Recognition Part I The Basics IAS 18 9 Revenue Recognition Part II IAS 18, IAS 11, IFRIC 15, IFRIC 13, IFRIC 12, IAS 20 and IFRIC 18 9 Employee Benefits IAS 19 (2011) and IFRIC Foreign Exchange Rates and Financial Reporting IAS 21 and IAS Debt and Equity Classifications IAS Application Issues - Impairment of Long-Lived Assets and Goodwill IAS Impairment of Assets IAS Impairment of Long-Lived Assets IAS Provisions and Contingent Liabilities and Contingent Assets IAS Technical Feasibility IAS Classification and Measurement of Financial Instruments IAS De-recognition IAS Derivatives and Embedded Derivatives and Hedge Accounting IAS 39, IFRIC 9 and IFRIC Interim Financial Reporting and Impairment IAS 34 and IFRIC Investment Property IAS Agriculture IAS Selected Disclosures Financial Instruments Disclosures and Related Party Disclosures and Operating Segments IFRS 7, IAS 24 and IFRS 8 15 Part 1: Tangible and Intangible Assets Recognition and Measurement Principles IAS 16 and IAS Part II: Tangible and Intangible Assets Disposals Replacements AHFS and Disc Ops IAS 16, IAS 38 and IFRS 5 16 IFRS Requirements for Assets Held for Sale and Discontinued Operations IFRS 5 17 First-Time Adoption of International Financial Reporting Standards IFRS 1 17 IFRS Requirements for Business Combinations IFRS 3 17 Business Combinations IFRS 3 18 Fair Value Measurement and Disclosure IFRS Consolidations IFRS 10 and IFRS Joint Arrangements, Associates and Joint Ventures IFRS 11 and IAS Update on the IASB Work Plan 20 Revenue Overview IFRS Part 1 The Five-Step Model IFRS Part 2 Application Guidance IFRS Part 3 Transition Options IFRS Financial Instruments Overview IFRS 9 21 Financial Instruments In-depth (Non-Financial Sector) IFRS 9 21 Financial Instruments In-depth (Financial Sector) IFRS 9 22 Other IFRS OnRequest Courses 22 4 KPMG Learning Course Catalogue

5 Internal Control Over Financial Reporting Introduction to Internal Control Over Financial Reporting 23 Part I: COSO 2013 Introduction, Control Environment and Risk Assessment 23 Part II: COSO 2013 Control Activities, Information and Communication, and Monitoring Activities 24 Part III: COSO 2013 Transition and Other Considerations 24 An Overview of the COSO 2013 Framework 25 Understanding Current ICFR Matters 25 Internal Control Over Financial Reporting 26 SEC and Other Matters Overview of SEC Compliance and Reporting 27 The U.K. Bribery Act of 2010, Anti-Bribery and Corruption Compliance and Benchmarking Survey 27 Accounting for Capital Raising Activities 28 Critical Thinking and Process Risk Assessment 28 Select U.S. GAAP Revenue from Contracts with Customers An Overview 29 Revenue from Contracts with Customers The Five-Step Model 29 Implementing the Forthcoming Revenue Recognition Standard 30 Information Technology A Brave New World 31 Critical Questions Boards Should Be Asking About Technology 31 Cybersecurity 31 Embracing Disruption 32 Fostering a Culture of Innovation 32 Social Media: Risk and Reward 32 Technology and Leadership: The Critical Role of the CIO 33 The Big Data Revolution 33 Finance, Risks and Accounting Considerations for the Cloud 33 5 KPMG Learning Course Catalogue

6 Introduction to IFRS and its Framework Introduction to IFRS and its Framework provides an introduction to IFRS. The course will include an overview of the IASB and its objectives and describe the fundamentals of the IFRS framework. By the end of this course, participants should be able to: Describe the objectives of the IASB and the increased use of IFRS worldwide Explain what it means to comply with IFRS Identify the key concepts within the IFRS framework. Presentation of Financial Statements IAS 1 and IAS 10 Presentation of Financial Statements IAS 1 and IAS 10 is intended to provide an overview of the presentation of financial statements in accordance with IFRS, including subsequent events (IAS 1, Presentation of Financial Statements and IAS 10, Events after the Reporting Period). Explain the purpose of financial statements Explain features of financial statements Describe the structure and content of financial statements under IFRS Describe IFRS accounting and disclosure requirements for events after the reporting period. Inventories IAS 2 This course provides an introduction to IAS 2, Inventories. By the end of this course, participants should be able to: Identify types of inventories and allowable costing methods Describe the measurement of inventories Describe the respective disclosure requirements. 6 KPMG Learning Course Catalogue

7 Statement of Cash Flows IAS 7 This course provides an overview of IAS 7, Statement of Cash Flows. Topics covered include: Components of cash flow statements Presentation of cash flows from operating, investing and financing activities Foreign currency cash flows Cash flow statement disclosures Explain the scope and objective of IAS 7 Classify different transactions in a cash flow statement Describe the direct and indirect method for presenting operating cash flows Prepare a cash flow statement based on the direct method and on the indirect method Describe the disclosure requirements of IAS 7, including items to be disclosed separately. Accounting Policies and Changes in Accounting Estimates and Errors IAS 8 Accounting Policies and Changes in Accounting Estimates and Errors IAS 8 describes IAS 8, Accounting Policies and Changes in Accounting Estimates and Errors, and includes discussion about: Selecting accounting policies Accounting for changes in accounting policies and estimates Accounting for errors in the financial statements Respective disclosure requirements Describe how to select and apply accounting policies in preparing and presenting IFRS financial statements Explain a change in an accounting policy and how to account for it Explain a change in an accounting estimate and how to account for it Explain an error and how to account for it Distinguish between changes in accounting policies, changes in accounting estimates and correction of errors Describe situations in which it is impracticable to retrospectively apply a change in accounting policy or correction of an error Describe the respective disclosure requirements. 7 KPMG Learning Course Catalogue

8 Income Taxes IAS 12 Income Taxes IAS 12 provides an introduction to IAS 12, Income Taxes. By the end of this course, participants should be able to: Explain the recognition and measurement criteria for current taxes Explain the recognition and measurement criteria for the deferred taxes Determine the tax rates to be used when measuring current and deferred tax assets and liabilities Describe the exceptions for recognizing a deferred tax asset or liability that relate to deductible or taxable temporary differences Explain how deferred taxes are recognized as they relate to investments in associates and that arise from business combinations Explain how deferred taxes are recognized as they relate to uncertain tax positions, foreign exchange differences, and share-based payment transactions Identify required disclosures for income taxes. Leases IAS 17 and IFRIC 4 Leases IAS 17 and IFRIC 4 is intended to provide an overview of IAS 17, Leases and IFRIC 4, Determining Whether an Arrangement Contains a Lease. The course will explain presentation, recognition and measurement principles, and disclosures for lessees and lessors via interactive examples. Explain the objective and scope of IAS 17 and IFRIC 4 Determine whether an arrangement is or contains a lease Explain the differences between an operating lease and finance lease and explain the recognition and measurement for lessees and lessors Explain the accounting for sale and leaseback transactions Explain the presentation and disclosure requirements for leases. 8 KPMG Learning Course Catalogue

9 Joint FASB/IASB Leases Project Update The FASB and IASB are expected to issue the revised exposure draft on leases in late This course is intended to enable participants to identify the key decisions reached to date on the leases project and their potential impact on lease accounting. By the end of this course, participants should be able to: Discuss the FASB/IASB leases project timeline Describe basic principles and concepts related to the proposed lease standard, including the proposal s key impacts on lessees and lessors Describe the Boards tentative decisions affecting both lessees and lessors (i.e., scope, definition of a lease, lease arrangements that include non-lease components, lease classification, lease term, etc.) Distinguish between the proposed presentation and disclosure requirements for lessees and lessors Recognize how the adoption of the new standard will impact the business environment. Revenue Recognition Part I The Basics IAS 18 Revenue Recognition Part I The Basics IAS 18 is an interactive web-based intended to explain the key principles of revenue recognition under IFRS through interactive examples. Describe basic principles and concepts related to revenue recognition Identify revenue recognition standards and guidance for various transactions under IFRS Identify the appropriate accounting for an arrangement based on revenue recognition criteria. Revenue Recognition Part II IAS 18, IAS 11, IFRIC 15, IFRIC 13, IFRIC 12, IAS 20 and IFRIC 18 Revenue Recognition Part II IAS 18, IAS 11, IFRIC 15, IFRIC 13, IFRIC 12, IAS 20 and IFRIC 18 is intended to provide an explanation of the revenue recognition issues addressed in IFRIC 15, Agreements for the Construction of Real Estate, IFRIC 13, Customer Loyalty Programmes, IFRIC 12, Service Concession Arrangements, IAS 20, Accounting for Government Grants and Disclosure of Government Assistance and IFRIC 18, Transfers of Assets from Customers. Explain the scope and issues addressed in IFRIC 15, IFRIC 13, IFRIC 12, IAS 20 and IFRIC 18 Describe how revenue is recognized under IFRIC 15, IFRIC 13, IFRIC 12, IAS 20 and IFRIC 18 Apply the revenue recognition standards to real-world examples. 9 KPMG Learning Course Catalogue

10 Employee Benefits IAS 19 (2011) and IFRIC 14 Employee Benefits IAS 19 (2011) and IFRIC 14, an interactive, explains the different categories of employee benefits and how to account for each type under IAS 19 (2011). The course also provides presentation and disclosure requirements for post-employment benefits. Explain the scope and objectives of IAS 19, Employee Benefits Identify the four categories of employee benefits Describe the appropriate accounting treatment and required disclosures for postemployment benefits, including the determination of whether a post-employment benefit plan is a defined contribution plan or a defined benefit plan Describe the appropriate accounting treatment and presentation and disclosure requirements for short-term employee benefits, other long-term employee benefits and termination benefits. Foreign Exchange Rates and Financial Reporting IAS 21 and IAS 29 Foreign Exchange Rates and Financial Reporting IAS 21 and IAS 29 is intended to provide an overview of IAS 21, The Effects of Changes in Foreign Exchange Rates and IAS 29, Financial Reporting in Hyperinflationary Economies. The course will explain recognition for foreign currency transactions and translation of the financial statements into a presentation currency via interactive examples and explain required disclosures. The course will also provide an overview of the restatement process for the financial statements of an entity whose functional currency is that of a hyperinflationary economy. By the end of this course, participants should be able to: Determine a company s functional currency Translate foreign currency transactions and balances into a company s functional currency Translate financial statements into a presentation currency (if the presentation currency differs from the functional currency) Identify characteristics indicating that the economy is hyperinflationary Explain basic restatement procedures of financial statements whose functional currency is that of a hyperinflationary economy in accordance with IAS 29 Explain the presentation and disclosure requirements of IAS 21 and IAS KPMG Learning Course Catalogue

11 Debt and Equity Classifications IAS 32 Debt and Equity Classifications IAS 32 provides an introduction to IAS 32, Financial Instruments: Presentation. By the end of this course, participants should be able to: Discuss the definition of a financial instrument and whether various instruments are treated as debt or equity under IFRS Identify financial instrument settlement provisions and their impact on classification in the financial statements Explain compound instruments, the corresponding bifurcation process and their accounting impact on the financial statements Identify transaction costs for debt, equity and compound instrument transactions and how to account for those transaction costs under IFRS Discuss the classification and accounting treatment for treasury shares and dividends paid on liability and equity instruments. Application Issues Impairment of Long-Lived Assets and Goodwill IAS 36 Application Issues Impairment of Long-Lived Assets and Goodwill IAS 36 is an interactive which explains how cash generating units are determined for testing for impairment under IAS 36. The course also explains how the recoverable amount of an asset or a cash-generating unit is calculated, how the impairment charge is allocated to the underlying assets in a cash generating unit, and how a reversal of impairment is accounted for. Additionally, the course describes the presentation and disclosure requirements for impairment of assets. IAS 36 is currently effective. At the end of this course, participants should be able to apply the requirements of IAS 36 for the following: Identification of a cash generating unit Determination of when an asset or a cash generating unit should be tested for impairment Calculation of the recoverable amount as the higher of value in use and fair value less costs of disposal for an asset or a cash generating unit, including the composition of cash flows and the discount rate used in the calculation Allocation of the impairment amount to goodwill and other assets within a cash generating unit or group of cash generating units Reversal of an impairment Presentation and disclosure of an impairment loss or recovery. 11 KPMG Learning Course Catalogue

12 Impairment of Assets IAS 36 Impairment of Assets IAS 36 is intended to explain the key principles of asset impairment under IFRS through interactive examples. By the end of this course, participants should be able to: Describe the concept of recoverable amount, including the differences between value-in-use and fair value less cost to sell Identify assets that may be impaired and apply the concepts within IFRS. Impairment of Long-Lived Assets IAS 36 This course provides a discussion of Impariment of Long-Lived Assets IAS 36, including, goodwill and intangible assets. Both U.S. GAAP and IFRS contain similar indicators for assessing the impairment of depreciable long-lived assets; however, the impairment models differ in important respects. This course discusses the IFRS impairment model. The discussion also includes insights into practical considerations when applying this standard. By the end of this session, you should be able to: Explain the basic principles of the impairment model in accordance with IAS 36 Apply the measurement model by determining the recoverable amount. Provisions and Contingent Liabilities and Contingent Assets IAS 37 Provisions and Contingent Liabilities and Contingent Assets IAS 37 is intended to provide an overview of IAS 37, Provisions, Contingent Liabilities and Contingent Assets. Explain the definitions of & differences as they relate to liabilities under IFRS Assess the appropriateness of the amount and timing of provisions recorded on the balance sheet Identify whether items have been correctly accrued under IFRS Analyze areas where a current obligation can become a liability List examples of events that would be considered restructurings and ensure the criteria within IAS 37 are met before a restructuring provision is recorded. 12 KPMG Learning Course Catalogue

13 Technical Feasibility IAS 38 Technical Feasibility IAS 38 is an interactive and demonstrates how the criteria for capitalization of development costs are applied in different industries, through the use of case studies, using examples from three different industries. The course also shows the distinction between the research phase and the developments phase, and explains which types of costs should be capitalized. IAS 38 is currently effective. Apply the requirements of IAS 38 for capitalization of development costs Identify the types of costs that are included in the carrying amount of intangible assets. Classification and Measurement of Financial Instruments IAS 39 This course explains the key principles for classifying and measuring financial instruments under IFRS through interactive examples. Identify financial instruments that are included or excluded from the scope of IAS 39 Classify financial instruments into appropriate categories Determine the propriety of the initial recognition and subsequent measurement of financial instruments. De-recognition IAS 39 Derecognition IAS 39 is intended to provide an introduction to de-recognition of financial assets and liabilities (IAS 39). By the end of this course, participants should be able to: Describe the circumstances under which financial instruments can be derecognized Illustrate the method for derecognition of financial assets and liabilities Explain the respective disclosure requirements. 13 KPMG Learning Course Catalogue

14 Derivatives and Embedded Derivatives and Hedge Accounting IAS 39, IFRIC 9 and IFRIC 16 This course is intended to provide an introduction to derivatives, embedded derivatives and hedge accounting in accordance with IAS 39 Financial Instruments: Recognition and Measurement. By the end of this course, participants should be able to: Explain the objectives and scope of IAS 39 as they relate to derivatives, embedded derivatives, and hedge accounting Identify a derivative and explain how to account for it Identify whether a contract to buy or sell a non-financial item should be accounted for as a derivative Explain how to identify an embedded derivative Describe when an embedded derivative should be separated from the host contract and the related accounting treatment for it Explain when reassessment of an embedded derivative is required Identify the three hedging models and explain the criteria to apply hedge accounting Explain the accounting for each of the three hedge accounting models Describe hedge effectiveness assessment and hedge ineffectiveness measurement Explain the situations under which hedge accounting is terminated. Interim Financial Reporting and Impairment IAS 34 and IFRIC 10 Interim Financial Reporting and Impairment IAS 34 and IFRIC 10 explain accounting and disclosure requirements of IAS 34, Interim Financial Reporting and IFRIC 10, Interim Financial Reporting and Impairment. By the end of this course, participants should be able to: Explain the components, form, and content of interim financial statements Identify the periods for which interim financial reports are to be presented Apply the recognition and measurement principles in an interim financial report Identify common interim financial reporting issues. 14 KPMG Learning Course Catalogue

15 Investment Property IAS 40 Investment Property IAS 40 provides an introduction to IAS 40, Investment Property. By the end of this course, participants should be able to: Define and identify types of investment property Describe the recognition and measurement criteria for investment property Describe how to account for transfers and disposals Describe the related disclosure requirements. Agriculture IAS 41 Agriculture IAS 41 describes accounting and disclosure requirements of IAS 41 Agriculture. Explain the scope and objective of IAS 41 Explain recognition and measurement requirements for biological assets and agricultural produce Explain presentation and disclosure requirements of IAS 41. Selected Disclosures Financial Instruments Disclosures and Related Party Disclosures and Operating Segments IFRS 7, IAS 24 and IFRS 8 Selected Disclosures Financial Instruments Disclosures and Related Party Disclosures and Operating Segments IFRS 7, IAS 24 and IFRS 8 is intended to provide an introduction to IFRS 7, Financial Instruments: Disclosures, IAS 24, Related Party Disclosures and IFRS 8, Operating Segments. Explain the purpose, scope and application of IFRS 7, IAS 24 and IFRS 8 Describe key features and requirements of IFRS 7, IAS 24 and IFRS KPMG Learning Course Catalogue

16 Part I: Tangible and Intangible Assets Recognition and Measurement Principles IAS 16 and IAS 38 Part I: Tangible and Intangible Assets Recognition and Measurement Principles IAS 16 and IAS 38 will explain the key principles of asset recognition and measurement under IFRS through interactive examples and comparisons to U.S. GAAP. Explain tangible and intangible assets Explain the recognition and measurement criteria for tangible and intangible assets Assess the appropriateness of accounting for subsequent costs related to tangible and intangible assets. Part II: Tangible and Intangible Assets Disposals Replacements AHFS and Disc Ops IAS 16, IAS 38 and IFRS 5 This course is a continuation of the Part I: Tangible and Intangible Assets Recognition and Measurement Principles course. It is intended to provide an overview to the retirement and disposal criteria applicable for tangible and intangible assets, criteria and treatment for classifying assets as held for sale or as discontinued operations and the related disclosure requirements. Define the retirement and disposal criteria applicable for tangible and intangible assets Describe the criteria for classifying tangible and intangible assets as held for sale or as discontinued operations Explain the measurement and presentation requirements for assets held for sale, discontinued operations and retirements Describe the allocation of goodwill when a portion of a cash-generating unit is disposed of Describe the financial statement presentation and footnote disclosure requirements for tangible and intangible assets. 16 KPMG Learning Course Catalogue

17 IFRS Requirements for Assets Held for Sale and Discontinued Operations IFRS 5 This course provides a discussion of the accounting for assets held for sale and discontinued operations under IFRS 5, Non-current Assets Held for Sale and Discontinued Operations, which requires assets held for sale to be measured at lower of carrying amount or fair value less cost to sell. This course discusses these requirements and provides insights into practical considerations when applying IFRS 5. By the end of this session, you should be able to: Explain the criteria for held-for-sale classification of non-current assets or disposal groups Apply the measurement model for non-current assets or disposal groups held for sale Explain the definition of what constitutes a discontinued operation and presentation and disclosure requirements for discontinued operations. First-Time Adoption of International Financial Reporting Standards IFRS 1 First-Time Adoption of International Financial Reporting Standards IFRS 1 provides an introduction to IFRS 1, First Time Adoption of IFRS. By the end of this course, participants should be able to: Identify the general requirements to be applied when an entity adopts IFRS and prepares its first IFRS financial statements Explain the mandatory exceptions and optional exemptions granted by IFRS 1 Describe the process of adoption and conversion to IFRS Identify the presentation and disclosure requirements including the required reconciliations when an entity prepares its first IFRS financial statements. IFRS Requirements for Business Combinations IFRS 3 IFRS Requirements for Business Combinations IFRS 3 provides a discussion of the accounting for business combinations under IFRS, which requires the use of the acquisition method. This course discusses the requirements of IFRS 3, Business Combinations, and provides insights into practical considerations when considering application of IFRS 3. By the end of this session, you should be able to: Identify a business combination Explain the acquisition method Identify the measurement alternatives for non-controlling interest (NCI). 17 KPMG Learning Course Catalogue

18 Business Combinations IFRS 3 Business Combinations IFRS 3 provides an overview of IFRS 3 Business Combinations and explains: The acquisition method Measurement and recognition principles Disclosures required by IFRS 3 Explain the scope of IFRS 3 Determine whether a transaction or other event is a business combination Calculate the consideration transferred. Explain and apply initial and subsequent recognition and measurement principles for the identifiable assets acquired, the liabilities assumed and any non-controlling interests in the acquiree Explain and apply exceptions to the general recognition and measurement principles Explain the application of IFRS 3 to a business combination achieved in stages and to a business combination achieved without transferring consideration Explain disclosures required by IFRS 3. Fair-Value Measurement and Disclosure IFRS 13 Fair-Value Measurement and Disclosure IFRS 13 will provide a discussion of the IASB s fair-value measurement project, part of the Memorandum of Understanding between the IASB and the FASB. The memorandum resulted in IFRS and U.S. GAAP having the same definition and meaning of fair value and similar disclosure requirements about fair-value measurements. Additionally, this course is designed to keep participants up to date on the latest convergence developments and application of IFRS, and to contribute to the broader education on the future of global accounting standards. Describe the IASB s fair-value measurement project, part of the Memorandum of Understanding between the IASB and the FASB Discuss the requirements and scope of IFRS 13, Fair-value Measurement. 18 KPMG Learning Course Catalogue

19 Consolidations IFRS 10 and 12 Consolidations IFRS 10 and IFRS 12 is an interactive and explains the control model in IFRS 10, Consolidated Financial Statements and required disclosures in IFRS 12, Disclosures of Interests In Other Entities. The course also explains presentation requirements for non-controlling interests, consolidation accounting requirements, and accounting for a loss of control. IFRS 10 and IFRS 12 are mandatorily effective for annual periods beginning on or after January 1, Explain scope and core principles of IFRS 10 Consolidated Financial Statements Apply the control model in IFRS 10 Apply accounting for non-controlling interests and for a loss of control Identify the disclosure requirements in IFRS 12, Disclosures of Interests in Other Entities. Joint Arrangements, Associates and Joint Ventures IFRS 11 and IAS 28 This course is an interactive and explains the different types of joint arrangements and how to account for each type of joint arrangement. The course also explains the concept of significant influence and how it is determined. Additionally, this course explains the equity method of accounting for joint ventures and investments in associates, including the treatment of transactions between the investor and the investee. IFRS 11 and the amended IAS 28 are mandatorily effective for annual periods beginning on or after January 1, Determine how to distinguish whether a joint arrangement is a joint operation or a joint venture Identify an investment in an associate and define significant influence Apply equity method accounting to joint ventures and investments in associates. 19 KPMG Learning Course Catalogue

20 Update on the IASB Work Plan This course is designed to update companies on the current status of the IASB work plan and the status of new standards. Revenue Overview IFRS 15 OnRequest Customized training and related services Topics covered in this course include: Key Facts The Five-Step Model Overview Key Changes From Current Practice Business Impacts Next Steps Key Points to Remember. Part 1 The Five-Step Model IFRS 15 OnRequest Customized training and related services Revenue is a key metric for many entities. This course introduces the new five-step model for the timing and amount of revenue. Topics covered in this course include: Overview and Scope The Five-Step Model Resources Key Points to Remember. Part 2 Application Guidance IFRS 15 OnRequest Customized training and related services The new revenue standard will affect most companies. This course introduces some application guidance. Topics covered include: Application Guidance Contract Costs Presentation and Disclosures Effective Date and Transition Next Steps Key Points to Remember. 20 KPMG Learning Course Catalogue

21 Part 3 Transition Options IFRS 15 OnRequest Customized training and related services The new revenue standard provides for several different transition options. The transition option chosen can have a significant impact on your financial statements and cost of implementation. The transition options are complex and require careful consideration. An early decision is essential to allow you to plan your company s implementation project. Topics covered include: Transition Options How the Options Affect the Accounting Additional Factors to Consider Key Points to Remember. Financial Instruments Overview IFRS 9 OnRequest Customized training and related services IFRS 9: Financial Instruments Overview will impact all entities, but especially banks, insurers and other financial companies. Topics covered include: Background Classification and Measurement Expected Credit Losses Hedge Accounting Disclosures Business Impacts and Next Steps Key Points to Remember. Financial Instruments In-depth (Non-Financial Sector) IFRS 9 OnRequest Customized training and related services This course is intended for participants to form a knowledge of the requirements, application and implications of IFRS 9 Financial Instruments as its relates to non-financial sector entities. Upon completion participants should be able to: Describe criteria for classification of financial assets, including trade receivables Describe the new impairment model for financial assets Describe impact of IFRS for a non-financial sector. 21 KPMG Learning Course Catalogue

22 Financial Instruments In-depth (Financial Sector) IFRS 9 OnRequest Customized training and related services The course is intended to for participants to form a knowledge of the requirements of IFRS 9 Classification and Measurement requirements as they relate to financial sector entities. Describe the criteria for classification of financial instruments Describe measurement basis for financial instruments. Describe, at a high level, the impact of classification and measurement requirements for companies in financial sector. Other IFRS OnRequest Courses OnRequest Customized training and related services Additional IFRS OnRequest courses include: IAS 1 Presentation of Financial Statements IAS 11 and IAS 18 Revenue IAS 12 Income taxes IAS 16 Property, Plant and Equipment IAS 17 Leases IAS 19 Employee Benefits IAS 21 The Effects of Changes in Foreign Exchange Rates IAS 32 Financial Instruments Presentation IAS 33 Earnings per Share IAS 36 Impairment of Assets IAS 37 Provisions, Contingent Liabilities, Contingent Assets IAS 39 Classification IAS 39 Derivatives IAS 39 Hedge Accounting IAS 39 Recognition IAS 40 Investment Property IFRS 2 Share-Based Payment IFRS 3 Business Combination IFRS 7 Financial Instruments: Disclosure IFRS 8 Operating Segments IFRS 9 Financial Instruments IFRS 10, 11, 12 Consolidated Financial Statements, Joint Arrangements, Disclosure of Interests in Other Entities. 22 KPMG Learning Course Catalogue

23 Internal Control Over Financial Reporting Introduction to Internal Control Over Financial Reporting Introduction to Internal Control Over Financial Reporting is designed for participants to gain an introduction to internal controls from an integrated audit perspective. This course focuses on the history, background and timeline of integrated audits, from the corporate failures in the early 2000s to the passing of PCAOB AS No. 5 to current issues today. This course, which introduces participants to basic concepts of integrated audits, requires interaction with the scenarios presented. Describe the key historical events that led to the passage of the Sarbanes-Oxley Act of 2002, the creation of the PCAOB, the withdrawal of Auditing Standard (AS) No. 2, and the adoption of AS No.5 Describe the 1992 COSO Framework and its key components Explain key concepts from PCAOB AS No. 5, and how it differs from AS No.2 Describe the basic concepts of an integrated audit Describe the key conceptual differences between a financial statement audit and an integrated audit Recognize how PCAOB AS No. 5 helps determine the audit approach. Part I: COSO 2013 Introduction, Control Environment and Risk Assessment Business and operating environments have changed significantly since the COSO Framework was published in Companies have often been unclear in designing, implementing and conducting internal control and assessing its effectiveness. This course equips you with an understanding of COSO s 2013 Internal Control Integrated Framework, which clarifies the requirements for determining what constitutes effective internal control. Part I: COSO 2013 Introduction, Control Environment and Risk Assessment featuring members of KPMG s Department of Professional Practice, provides participants a more in-depth understanding of the COSO 2013 Framework and implementation considerations. This course discusses the Control Environment and Risk Assessment components. At the end of the course, participants should be able to: Summarize the key changes from the 1992 Framework to the 2013 Framework, including the reasons for the changes Describe the 17 principles that support each of the five COSO components, including the related points of focus for each principle Discuss the transition timeline, and begin to consider the implications of an organization s transition to the 2013 Framework in connection with management s assessment of the effectiveness of internal control over financial reporting for regulatory purposes. 23 KPMG Learning Course Catalogue

24 Internal Control Over Financial Reporting Part II: COSO 2013 Control Activities, Information and Communication, and Monitoring Activities Business and operating environments have changed significantly since the COSO Framework was published in Companies have often been unclear in designing, implementing and conducting internal control and assessing its effectiveness. This course equips you with an understanding of COSO s 2013 Internal Control Integrated Framework, which clarifies the requirements for determining what constitutes effective internal control. Part II: COSO 2013 Control Activities, Information and Communication, and Monitoring Activities featuring members of KPMG s Department of Professional Practice, provides participants a more in-depth understanding of the COSO 2013 Framework and implementation considerations. This course discusses the Control Activities, Information and Communication, and Monitoring Activities components. At the end of the course, participants should be able to: Summarize the key changes from the 1992 Framework to the 2013 Framework, including the reasons for the changes Describe the 17 principles that support each of the five COSO components, including the related points of focus for each principle Discuss the transition timeline, and begin to consider the implications of an organization s transition to the 2013 Framework in connection with management s assessment of the effectiveness of internal control over financial reporting for regulatory purposes. Part III: COSO 2013 Transition and Other Considerations Business and operating environments have changed significantly since the COSO Framework was published in Companies have often been unclear in designing, implementing, and conducting internal control and assessing its effectiveness. This course equips you with an understanding of COSO s 2013 Internal Control Integrated Framework, which clarifies the requirements for determining what constitutes effective internal control. Part III: COSO 2013 Transition and Other Considerations featuring members of KPMG s Department of Professional Practice, provides participants a more in-depth understanding of the COSO 2013 Framework and implementation considerations. This course discusses transition and other considerations related to the COSO 2013 Framework. At the end of the course, participants should be able to: Summarize the key changes from the 1992 Framework to the 2013 Framework, including the reasons for the changes Describe the 17 principles that support each of the five COSO components, including the related points of focus for each principle Discuss the transition timeline, and begin to consider the implications of an organization s transition to the 2013 Framework in connection with management s assessment of the effectiveness of internal control over financial reporting for regulatory purposes. 24 KPMG Learning Course Catalogue

25 Internal Control Over Financial Reporting An Overview of the COSO 2013 Framework OnRequest Customized training and related services Business and operating environments have changed significantly since the COSO Framework was published in This course equips you with an understanding of COSO s 2013 Internal Control Integrated Framework, which clarifies the requirements for determining what constitutes effective internal control. An Overview of the COSO 2013 Framework, designed to be presented in-house for your company, summarizes the changes from the 1992 Framework and discusses transition plan considerations regarding your assessment of the effectiveness of internal controls over financial reporting. At the end of the course, participants should be able to: Summarize the key changes from the 1992 Framework to the 2013 Framework, including the reasons for the changes Recall the 17 principles that support each of the five COSO components, including the related points of focus for each principle Discuss the timeline and begin to consider the implications of an organization s transition to the 2013 Framework in connection with management s assessment of the effectiveness of internal controls over financial reporting for regulatory purposes. Understanding Current ICFR Matters OnRequest Customized training and related services Understanding Current ICFR Matters, designed to be presented in-house for your company, addresses key challenges management may face in meeting its responsibilities relative to maintaining effective internal control over financial reporting (ICFR) and when describing the focus on ICFR by various regulatory bodies and COSO. This course includes a variety of hot topics raised in publicly reported PCAOB inspection findings and from SEC staff speeches. Topics include: Increased regulatory interest in ICFR from the SEC, COSO, and PCAOB SEC s 2007 Interpretive Guidance on Management s Report on ICFR ICFR Hot Topics identified by the SEC and PCAOB, including management review controls; controls over completeness and accuracy of information IT application controls and GITCs; use of third parties; and identifying and evaluating control deficiencies Changes from the COSO 1992 Framework to the COSO 2013 Framework. Describe the increased interest in ICFR Explain key concepts from the SEC s 2007 Interpretive Guidance Describe the ICFR hot topics identified by the SEC/PCAOB Determine an appropriate course of action based on certain ICFR hot topics scenarios. 25 KPMG Learning Course Catalogue

26 Internal Control Over Financial Reporting Internal Control Over Financial Reporting OnRequest Customized training and related services Internal Control Over Financial Reporting is designed to be presented in-house for your company s internal audit department and addresses key concepts related to internal controls. Topics include: Walkthroughs Selecting relevant controls Testing design and implementation Testing operating effectiveness Application controls Management review controls Reconciliation controls Identifying and evaluating internal control deficiencies Substantive Sampling Additional considerations when auditing internal controls over financial reporting. Explain how to prepare for and perform a walkthrough Describe considerations to be made when identifying and selecting relevant controls Identify the key points to remember when testing the design of controls Describe the key points to remember when testing the operating effectiveness of controls Describe application controls Describe the six steps of identifying and evaluating internal control deficiencies Identify considerations to be made when performing substantive sampling Recognize additional key points to remember when auditing internal control over financial reporting. 26 KPMG Learning Course Catalogue

27 SEC and Other Matters Overview of SEC Compliance and Reporting Overview of SEC Compliance and Reporting is an introduction to the SEC, its organization, rules & regulations, and filing requirements. It introduces XBRL and SEC reporting requirements. By the end of this course, participants should be able to: Describe the SEC s involvement with U.S. GAAP Explain the organization of the SEC Discuss an overview of the SEC s basic rules and regulations Explain the SECs basic filing requirements and provide an overview of the general filing forms Discuss an overview of XBRL. The U.K. Bribery Act of 2010, Anti-Bribery and Corruption Compliance and Benchmarking Survey This course reviews the latest developments related to enforcement of the U.K. Bribery Act of 2010 and discusses how multinational corporations may address related anti-bribery and corruption risk and compliance activities. Topics include: The U.K. Ministry of Justice guidance related to the U.K. Bribery Act of 2010 The joint prosecution guidance of the Serious Fraud Office and Crown Prosecution Service Anti-bribery and corruption compliance benchmarking Discuss the applicability and provisions of the U.K. Bribery Act of 2010 Describe the role of the Serious Fraud Office in enforcing the U.K. Bribery Act of 2010 Describe the results of anti-bribery and corruption compliance benchmarking. 27 KPMG Learning Course Catalogue

28 SEC and Other Matters Accounting for Capital Raising Activities Accounting for Capital Raising Activities describes some of the more common types of securities offered by companies to raise capital and walks through a framework that can be used to account for these debt and equity securities offerings. A case study is used to illustrate the application of the framework. Describe some of the more common types of securities offered by companies to raise capital Describe the process of accounting for debt and equity security offerings Identify some of the main features of debt and equity securities that can influence the accounting for these instruments Explain how to classify securities as liabilities or as equity Identify embedded features within a debt or equity security that might have accounting implications, such as beneficial conversion features or puts and calls Describe how to allocate securities proceeds Determine if the proceeds from an offering are properly allocated to the different features. Critical Thinking and Process Risk Assessment OnRequest Customized training and related services Critical Thinking and Process Risk Assessment, designed to be presented in-house for your company, provides participants with an overview of basic critical thinking concepts and how to apply these concepts to process risk assessment. Understand the definition of critical thinking Recognize the effects of point of view on critical thinking Explain the benefits of critical thinking Understand the relationships between processes, risks and controls Explain the steps in executing a process risk assessment Apply critical thinking concepts to execute a process risk assessment. 28 KPMG Learning Course Catalogue

29 Select U.S. GAAP Revenue from Contracts with Customers An Overview Revenue from Contracts with Customers An overview is the first in a series of four revenue recognition courses designed to provide participants an overview of the final revenue recognition standard. This course features professionals from KPMG s Department of Professional Practice and covers some of the potential changes to current practice and industries impacted. Topics include: Effective date, transition and scope Overview of the standard Examples of potential changes to current practice Business impacts Next steps At the end of the course, participants should be able to: Explain the effective date, transition, and scope of the revenue recognition standard Identify some of the potential changes to current practice Identify the implications of the new standard on your business. Revenue from Contracts with Customers The Five-Step Model Revenue from Contracts with Customers The Five-Step Model is the second in a series of four revenue recognition courses designed to provide participants an overview of the final revenue recognition standard. This course features professionals from KPMG s Department of Professional Practice and covers the five main steps to apply the new revenue recognition model. Topics include: Background and scope The Five-Step Model Key points to remember At the end of the course, participants should be able to: Explain the five steps of the revenue recognition model. 29 KPMG Learning Course Catalogue

30 Select U.S. GAAP Implementing the Forthcoming Revenue Recognition Standard Mobile Compatible Implementing the Forthcoming Revenue Recognition Standard features professionals from KPMG s Advisory and Department of Professional Practice groups discussing implementation considerations related to the FASB and IASB s forthcoming revenue recognition standard. Topics include: Assessing the impact on accounting policies and disclosures Considerations for systems and processes and internal control over financial reporting Tax considerations Changes in process and internal controls Other business considerations Next steps At the end of the course, participants should be able to: Describe the available transition options and timeline for each transition option Identify the implications the new standard may have on your business, including accounting policies, internal controls, tax implications and other business Identify the next steps for addressing the changes the standard will bring about. 30 KPMG Learning Course Catalogue

31 Information Technology A Brave New World Podcast The future has arrived and increasingly technology plays a critical role in the long-term sustainability of the enterprise. In this brave new world, boards must ensure their companies are prepared for the numerous ways emerging technologies are changing the traditional business landscape. This podcast is one of an eight-part series on the Intersection of Technology, Strategy and Risk: Defining the Board s Role. This series is designed to help boards understand: How emerging technologies impact directors responsibilities Why the board must partner with the CIO in providing IT leadership What boards should ask about big data, security and social media. Critical Questions Boards Should Be Asking About Technology Podcast Clear communication between the board and technology leaders is essential for a productive and profitable future. Learn the key questions that boards should be asking to ensure that the technology strategy and the business strategy are aligned. This podcast is one of an eight-part series on the Intersection of Technology, Strategy and Risk: Defining the Board s Role. This series is designed to help boards understand: How emerging technologies impact directors responsibilities Why the board must partner with the CIO in providing IT leadership What boards should ask about big data, security and social media. Cybersecurity Podcast From deliberate attacks to unforeseen errors, software failures to web weaknesses, today s IT environment is complex. Boards must have a robust understanding of the threats that exist, be aware of the company s vulnerabilities and have measures in place to counteract the risks. This podcast is one of an eight-part series on the Intersection of Technology, Strategy and Risk: Defining the Board s Role. This series is designed to help boards understand: How emerging technologies impact directors responsibilities Why the board must partner with the CIO in providing IT leadership What boards should ask about big data, security and social media. 31 KPMG Learning Course Catalogue