ΠΕΡΙΓΡΑΦΗ

This five-day seminar provides a comprehensive overview of the basic principles and practices in financial reporting, auditing, and taxation. Designed for professionals seeking to enhance their foundational knowledge, this seminar covers key topics such as the preparation and analysis of financial statements, the fundamentals of auditing processes and the core concepts of taxation. Participants will gain practical insights and skills necessary to navigate the complex financial landscape, ensuring they are well-equipped to handle the challenges and opportunities in their respective fields.

This course will be hosted in Nicosia but you may participate Live-Online if this suits your schedule. Cost is €550+VAT for Online participation & €650+VAT for in-class participation

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This seminar is ideal for:

• Junior Accountants
• Auditors
• Financial Analysts
• Entrepreneurs
• and anyone else working in various industries who seek to strengthen their foundational knowledge in financial reporting, auditing, and taxation.
• It is also beneficial for students and recent graduates pursuing careers in accounting or finance.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Course Content

Day 1 - Financial Reporting (Lecturer: Panos Kourouyiannis)

• Introduction to financial reporting
• Conceptual framework
• Presentation of financial statements
• Tangible non-current assets
• Tangible non-current assets
• Intangible assets
• Impairment of assets
• Leases

Day 2 - Financial Reporting (Lecturer: Panos Kourouyiannis) 

• Revenue
• Foreign currency
• Provisions
• Events after the reporting period
• Statement of cash flows

Day 3 - Audit (Lecturer: Marinella Georgiou)

• Introduction to Assurance Engagements
• Types of Assurance Engagements
• Codes of professional Ethics and Corporate Governance Process of the Audit

Process of the Audit

• Obtaining an Engagement
• Planning the Engagement (Audit Strategy, Audit Plan, Understanding the
• Entity and the Environment, Analytical Procedures, Materiality, Risk Assessment)

Process of the Audit- Evidence

• Types of Audit evidence
• Assertions
• Automated Tools and Techniques
• Internal Controls

Day 4 - Audit & Taxation (Lecturer: Marinella Georgiou)

• Process of the Audit- Evidence
• Procedures-Key financial statement figures

Process of the Audit- Completion and review

• Review of audit work
• Evaluation of misstatements
• Subsequent events Going concern
• Written representation
• Auditor’s report (Elements of an auditor’s report, types of opinion, additional communications, Key audit matters and other information)

Process of the Audit- Report

Auditor’s report (Elements of an auditor’s report, types of opinion, additional communications, Key audit matters and other information)

Cyprus Taxation 

• Introduction to the Cyprus Tax System
• Income Tax Law
• Social Insurance Contributions and Gesy
• Corporation Tax

Certification

All participants will be awarded a certificate. Each hour of attendance will account for one unit of Continuing Professional Development (CPD) as required for members of most professional bodies.