Seminar for the Quarzwerke group
PROGRAM
Accounting for inventory under FASB 5/2019 and HGB
Evgenia Chernova
Estimated liabilities and their use in RAS and HGB
Evgenia Chernova
Features of paying dividends to foreign participants – questions from practice
Daria Pogodina
Calculating fair (market) value for assets and liabilities. Conducting an impairment test
Evgenia Chernova
ABOUT THE SEMINAR
Evgenia Chernova held a seminar for employees of the Quarzwerke group on the topic of “Accounting for inventory under FASB 5/2019 and HGB”. As part of the meeting, the speaker compared Russian and German standards for accounting for inventories, focusing on key differences and potential risk areas. Particular attention was paid to practical examples that arise during parallel accounting in international companies. The seminar allowed the participants to better navigate the nuances of reporting under the two systems.
During another seminar, the speaker examined approaches to the formation and reflection of estimated liabilities in the Russian and German accounting systems, focusing on the differences in recognition criteria and calculation procedures. Practical examples allowed the participants to better understand how to balance the requirements of both systems in the context of international reporting.
Daria Pogodina gave a report on the topic “Features of paying dividends to foreign participants – issues from practice”. As part of it, the speaker covered current legal requirements, restrictions and procedures related to the payment of dividends to foreign owners. Particular attention was paid to practical cases, typical errors and possible strategies in the current conditions. The participants received valuable recommendations on reducing risks and complying with regulatory requirements.
In her report on “Calculating Fair (Market) Value for Assets and Liabilities”, Evgeniya Chernova examined in detail the methods for determining fair value, the procedure for conducting an impairment test in accordance with RAS and international practice, and also highlighted situations in which asset revaluation is required. The report was accompanied by practical examples and aroused the interest of specialists working with financial reporting and audit.
