IFRS for banks

Annual accounts, prudential reporting and more and more financial information reporting are based on IFRS.

This training, dedicated to professionals with good knowledge in IFRS will help them to understand and deal with major IFRS issues related to the banking sector starting from the CSSF FINREP reporting.

PwC experts deliver this training combining theory with case studies derived from their practical experience of these standards.

Objectives:

By the end of the training, participants will be able to:

• understand and assess the main impacts of IFRS for banks
• apply their knowledge to the preparation of the CSSF FINREP reporting

• Presentation of financial statements for banks
• Debt/equity analysis (including new super subordinated instruments, non-viability clause..)
• Financial instruments (application to banking products)
• Derivative and hedging (now and tomorrow)
• Disclosures
• Provisions (including prudential ones)
• Current and deferred taxes
• Related parties
• Revenue recognition (now and tomorrow)
• Link with prudency reporting and solvency ratios

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

It will be animated by experts of PwC Luxembourg daily involved in the implementation of the IFRS norms. Philippe Foerster is the IFRS leader for PwC Luxembourg and is a partner in the Assurance practice.

He has over 16 years experience in serving financial and multinational institutions providing audit and advisory services. He is part of the PwC Global Accounting and Consulting Services (GACS) and is a partner specialised in accounting for financial instruments and consolidation under IFRS. He is member of several PwC international IFRS working groups: GACS, Financial Instruments Topical Team (FITT) and Corporate Treasury Technical Committee (CTTC). He participated in the elaboration of our global guide: hedge accounting in practice.

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