IFRS for corporates

Most of the actors of our economy already speak about the financial performance of companies using the language IFRS. For some, adoption of the IFRS will have a consequent impact on the presentation of the financial information, on the organisation of their company, on their performances-keys, etc. For others, those who have already made this transition, the IFRS continues to evolve…

This training covers in detail IFRS treatment bound to operational companies. The instructors will use concrete examples taken from their daily experience to explain to the participants the theoretical part and to ensure a better understanding of these new concepts.

Objectives

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

• identify the overall IFRS impacts on operational companies accounting;
• describe hedging and hedge accounting;
• explain revenue recognition.

• Presentation of financial statements for operational companies
• Inventories
• Property, Plant and Equipment (PP&E)
• Financial instruments and cash or cash equivalent
• Hedging and hedge accounting
• Provisions
• Revenue recognition

An attendance certificate will be sent to participants.

This training is coordinated by Philippe Foerster, Partner in Assurance practice and 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 has over 18 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 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.