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ACCOUNTING AND AUDITING

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At FPCT, we prioritise sustainability and transformation in financial products strategy. Our consulting and training services empower clients to achieve long-term, sustainable growth while adapting their offerings meaningfully. We create custom strategies that align with short and long-term goals, meeting customer needs. With our experienced professionals, you'll develop a financially and environmentally sound plan. Embrace opportunities and address challenges, crafting a transformative and sustainable financial products strategy for the future.

FINANCIAL PRODUCTS - ACCOUNTING AND AUDIT TERMS 

Financial Products Consulting and Training (FPCT) is proud to offer a team of experienced and expert accountants and auditors specialised in financial products. Our training course is designed to assist businesses and individuals in gaining in-depth knowledge and exposure in accounting and auditing of financial products.

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Accounting and auditing aspects related to financial products involve recognising purchases, sales, and settlement, as well as periodic charges and transaction fees. Fair valuation is conducted periodically using market prices or valuation models. Key dates include the value date for settlement and the trade date for capturing agreements. These processes ensure accuracy, compliance, and transparency throughout the life cycle of financial products.

TRAINING ON FINANCIAL PRODUCTS ACCOUNTING AND AUDIT

At FPCT, we understand the importance of customisation in training. Our courses can be tailored to meet industry nuances and individual preferences. We incorporate practical exercises, case studies, and interactive discussions for an engaging learning experience. Our experienced trainers provide practical insights into financial product accounting and auditing. Join us for a comprehensive training program that enhances your expertise in this field. Contact us to discuss your training needs and create a customised program.

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Introduction to Financial Products and Accounting Principles

  • Significance of financial products in the financial industry

  • Introduction to International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS)

  • Importance of compliance with international accounting standards

  • Characteristics of financial products

  • Overview of accounting principles, standards, and frameworks

  • Role of auditors and accountants in ensuring compliance.

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Accounting Treatment and Valuation of Financial Products

  • Examination of accounting principles for stocks, bonds, derivatives, and investment instruments

  • Valuation methodologies for determining fair value

  • Application of international accounting standards for valuation

  • Principles of fair value measurement

  • Application of IFRS 13: Fair Value Measurement

  • Valuation exercises and case studies

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Recognition and Measurement of Financial Products

  • Accounting treatment for purchases, sales, and settlement of financial products

  • Recognition of transaction costs, fees, and charges

  • Impact of value date and trade date values on recognition and settlement

  • Recognition criteria for financial product transactions

  • Application of IFRS 9: Financial Instruments

  • Accounting treatment for different types of financial products

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Periodic Reporting and Financial Statements Presentations

  • Principles of periodic reporting and financial statement preparation

  • Reporting requirements for different financial products

  • Case studies and exercises on financial statement preparation

  • Periodic reporting requirements for financial products

  • Presentation and disclosure in financial statements

  • Accounting for charges, fees, and expenses

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Audit and Assurance of Financial Product Accounting

  • Overview of auditing principles and procedures for financial product accounting

  • Risk assessment and audit planning specific to financial products

  • Audit procedures for verifying accuracy, completeness, and compliance

  • Case studies and discussions on auditing financial product transactions

  • Considerations for regulatory compliance and internal controls

  • Importance of audit documentation and materiality assessment

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Internal Controls and Risk Management for Financial Products

  • Importance of internal controls in financial product accounting and audit

  • Designing and evaluating internal control systems

  • Risk management frameworks for financial products

  • Identifying and mitigating risks associated with financial product transactions

  • Internal control testing and evaluation techniques

  • Practical examples and discussions on internal controls

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Emerging Issues and Complexities in Financial Product Accounting

  • Exploring emerging issues and trends in financial product accounting

  • Accounting for complex financial products

  • Challenges in applying accounting standards to evolving financial products

  • Case studies on addressing complexities in financial product accounting

  • Evaluating the impact of regulatory changes on financial product accounting

  • Interactive discussions on emerging issues and complexities

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Practical Application and Case Studies

  • Accounting and auditing principles applied to real-life scenarios.

  • Case studies and group exercises on financial product accounting and audit.

  • Analysing financial statements of different products.

  • Hands-on exercises in preparing financial statements and conducting audits.

  • Best practices and lessons from practical experiences.

  • Final assessment to evaluate understanding of accounting and audit concepts.

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