Kardemir Karabuk tailor-made IFRS training event
In a two-day tailor-made International Financial Reporting Standards training event held in the headquarters of Kardemir A.S. in Karabuk, Turkey, we have focused on IFRS compliant accounting of derivative transactions, separation of spot and forward elements of forward instruments and time and intrinsic components of options and the elimination of temporary and unrealistic volatility in profit and loss statement.
De Facto tailor-made IFRS training event
We have succesfully completed tailor-made IFRS 9 hedge accounting training session with De Facto treasury and accounting professionals focusing on unrecognized firm commitment fair value hedge accounting for foreign exchange risk component and highly probable forecast transaction cash flow hedge accounting for foreign exchange risk component in line with principles of IFRS 9.
We had also special focus on the accounting mismatch elimination through application of net investment hedge accounting in consolidated financial statements.
Hayat Holding IFRS trial balance conversion
We have succesfully completed company-specific IFRS trial balance composition and migration to information technology system infrastructure project with participation of treasury, accounting, tax and IT professionals of Hayat Holding.
Throughout the engagement, we had special focus on the accounting of newly adopted and complex IFRS principles such as IFRS 16 leasing agreements, fair value hedge accounting entries, etc.