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 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.