Business and Management seminars

This course is intended for those with no previous accounting experience who need a basic financial awareness, to have a set of accounts demystified and most importantly, why understanding finance is critical in business and decision making. It will explain the...business and management seminars

Introduction: The link between strategy and the daily activities that achieve those goals – ‘the golden thread’ Strategic financial management and budgeting requires a clear link between the organisation’s objectives, the resources that support them and the tasks with achieve them. Do...business and management seminars

•Review of UK residence and domicile rules •HMRC practices on residence issues •Compliance for employees leaving the UK or arriving •Part time or full time overseas working •Contract issues and planning points •Recent developments on domicile and remittance basis rules •Short...business and management seminars

•Recent Finance Act/Bill changes •Current rates and allowances •Buildings and structures – baseline rules •Legal aspects of property purchases and apportionments •Plant and machinery – definitions and interpretation •Short and long life asset rules •Integral features of the new regime •Enhanced...business and management seminars

•Income tax refresher, chargeable income and persons •Employee benefits and expenses – P11D completion •Form filling and employer obligations •Tax codes and NIC numbers •Calculating tax and NIC liabilities and operating PAYE •Joiners and leavers procedures •Dispensations and PSA arrangements •Travel...business and management seminars

•Recent Finance Act/Bill changes •HMRC statements of practice •Case law developments •Current topical issues •Tax planning points business and management seminars

•Current taxation provisions – FRS 16 and IAS 12 •Current taxation disclosures – FRS 16 and IAS 12 •Accounting for deferred taxation – alternative methodologies •FRS 19 and IAS 12 – the detail and disclosures compared •Case studies business and management seminars

•The scope, the charge and the impact of corporation tax •The Corporation Tax Acts 2009 and 2010 •Company residence •Company accounting periods, financial years, level of corporation tax and accountability •Pro-forma corporation tax computation - Corporation tax return •CTSA - the...business and management seminars

Practical introduction to group taxation The basics of group tax in practice Group tax computations Group relief for losses computations Taxation of consortia and relief for losses and other tax areas Group payment arrangements for corporation tax Corresponding accounting periods, companies...business and management seminars

TRANSFER PRICING – DOCUMENTATION REQUIREMENTS Overview of UK transfer pricing regulations Basic documentation structure with reference to OECD, EU and HMRC Guidelines: •Background •Industry analysis •Functional analysis •Economic analysis •Conclusions •Annual reviews Importance of adopting a risk-based approach Comparison of international transfer pricing regimes COMMON RISK AREAS...business and management seminars

•The definitions and workings of the ‘new’ construction industry scheme •The responsibilities of the contractor •Verification of subcontractors, monthly CIS returns, and the completion of statements •The definition of a contractor •What really are construction operations? •Return completion, computations and case studies •Problem areas: mixed operations, architects,...business and management seminars

Organised Crime & Terrorist Overview •Definitions, scale and characteristics of the “Black Economy” •The four key components of financial crime: drugs, terrorism, white-collar crime, corruption •The crucial role of organised crime & terrorist groups •International law enforcement fight back The Legal & Regulatory Framework •International background,...business and management seminars

CORPORATE GOVERNANCE OVERVIEW •The 20th Century governance background •Governance frameworks – the law, regulations and directors’ duties •The UK Corporate Governance Code and other governance models around the world •Traditional roles, responsibilities and structures •Investors and the Stewardship Code •Benefits of good...business and management seminars

Fraud Perspective •Types and scale of fraud •Creative accounting •Exploitation or manipulation •The ‘honesty’ culture •Relevant legislation •What the fraudsters say Detection Techniques •Fraud environments •Whistle blowing •Fraud indicators and red flags •Data mining and Benford’s law •Behaviour at work •Life style The Investigation •Search orders...business and management seminars

Initiation of the Risk Management Programme •Risk management concepts •Business objectives and risk •Inherent, residual and retained risk •Concept of control as a risk management tool •Need for high-level support Risk Identification and Management •The benefits of risk workshops •Allocating risk ownership •Decision process...business and management seminars

Reporting traditions Implementation problems The need for and value of reports Reporting style Report contents and structures Word choices and persuasion factors Report “findings sheets” Follow -up procedures and analysis of report failures The “agreed action “principle and negotiation business and management seminars

The audit purpose Typical compliance audit environments Essential skills and requirements How to deal with behavioural responses Work planning Interview method Suitable methods for control evaluation Testing strategy Documentary evidence – concepts and practicalities Concise and timely reporting business and management seminars

The Control Framework •Definitions, purpose (preventative and detective), examples •The COSO Integrated Controls Model •The audit process (internal and external) and its importance •Turnbull Guidance and the crucial link between risk and controls Control Environment & Tone at the Top •The governance dimension...business and management seminars

WHAT IS CASH MANAGEMENT? •Value-dating •Forecasting •Payments and receipts •Moving money between accounts •What is “float” and how do I reduce it? Collection->Disbursement->Management CASH MANAGEMENT POLICY AND PROCEDURES • How much liquidity do we need and where do we source it? •Cost of Liquidity •Trade Off: safety vs liquidity...business and management seminars

Corporate Treasury Activities A practical view of the various activities within a Treasury department The need for a Policy and Procedures Manual Day to day requirements How Treasury interfaces with other departments Key Treasury roles and responsibilities 1) Cash Management Most important – needed to make...business and management seminars