IFRS for private equity

This module is proposed to the participants who have already a good knowledge of the basics of IFRS.

Many actors in our economy discuss the financial performance of companies using the IFRS standards. For some, the adoption of the IFRS will have a significant impact on the presentation of the financial information,their company's organisation, their performances keys, etc. For others, those who have already made this transition, IFRS keeps evolving.

This training covers in detail IFRS treatment relevant to the Alternative industry. The instructors will use concrete examples from their daily experience to explain the theory and ensure a better understanding of the new concepts.

This course does not address matters linked to the real estate structures, which are included in the training programme 'IFRS for real estate'.

By the end of this course, participants will be able to:

• identify and explain the various issues specific to IFRS for holding companies, Soparfi and private equity structures;
• anticipate the implementation of the standards to these sectors.

• Introduction
• Presentation of financial statements
• Financial instruments
  • Recognition, classification and measurement
  • Debt/equity
  • Disclosures
• Functional and presentation currency
• Consolidation
• Revenue recognition
• Related party transaction
• Other matters related to Holding/Soparfi and private equity

This training is coordinated by Philippe Förster, Lead Partner of IFRS Learning Solutions of PwC Luxembourg.

It will be led by experts of PwC Luxembourg who are actively engaged in the daily implementation of the IFRS norms.

Philippe Förster is the IFRS leader for PwC Luxembourg and a partner in the Assurance practice. With over 20 years of experience serving financial and multinational institutions by providing audit and advisory services, he is a member of various PwC International IFRS working groups, including GACS (Global Accounting and Consulting Services), Financial Instruments Topical Team (FITT), and Corporate Treasury Technical Committee (CTTC). Philippe played a crucial role in developing our global guide: Hedge Accounting in Practice.

Philippe graduated from HEC-University of Liège-Belgium. He is a qualified “réviseur d’entreprises” in Luxembourg.