LYNCHPIN designed and conducted a financial instruments training program for a supplier of quality packaging solution, to build a sound understanding of one of the most complex areas of financial reporting – Financial Instruments (IAS 32, 39 & IFRS 9).
Our client is a part of renowned beverage packing group. CANPACK Group’s ISO certified management systems and their high quality production have received attention from companies like: Coca-Cola, Pepsi-Cola, Heineken, Carlsberg, SAB-Miller, InBev and many other large world brands.
Over a dozen enterprises that make up the Group, with annual revenue over USD 1 billion, offer a broad range of aluminum beverage cans and steel welded and drawn cans for foodstuffs, easy-open ends, aerosol cans, caps for bottles, metal packages for the chemical industry.
CANPACK Middle East (ME), wanted to resolve several issues surrounding the recording and presentation of their financial assets, other related assets and associated market risk management using financial instruments. There were a number of factors which were increasing the complexity of the issues:
CANPACK ME, approached us with their requirements, knowing the importance of the training program for our client a training and development manager was assigned to meet and scrutinize the issue with client.
A detailed presentation was given at CANPACK ME premises, about how can we decipher the complexities of the accounting treatment. Our trainers have an impressive range of experience in implementing successful solutions for clients, including customization of our standard courses to meet our client’s need. So, LYNCHPIN was selected as the official training provider of the company, not only for this program but also for any emerging training need of the company.
Two days training program with delegates from all levels of the organization, was designed in a way to address every little detail of the financial reporting area. Live demonstrations, illustrations and real-life examples of the labyrinth key terms of International Accounting standards helped the audience understand them easily. CANPACK ME’s Managing Director has appreciated the trainer by complimenting about the session that trainer has excellent knowledge and materials provided were also very good.