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 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 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 a partner leading PwC’s IFRS service with extensive expertise in IFRS and treasury. Since starting his career in 2004 auditing banks, he has specialised globally in IFRS and treasury, becoming a recognised expert. Philippe is a chartered accountant in Luxembourg and leads the Payment Service Providers cluster. He is active in PwC’s Global Corporate Reporting Services and Global Corporate Treasury Solution groups. Philippe has contributed to key projects including the IFRS “memento” edition with PwC Paris, hedge accounting implementation, and supporting corporate IFRS transitions. Since 2007, he has also been an instructor delivering technical and soft skills training for clients and staff.