IFRS for corporates

Many actors in our economy discuss the financial performance of companies using IFRS standards. For some, the adoption of IFRS has 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 operational companies. The instructors will use concrete examples from their daily experience to explain to the participants the theoretical part and ensure a better understanding of these new concepts.

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 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.