IFRS for corporates

Many actors in our economy discuss the financial performance of companies using IFRS standards. For some, the adoption of IFRS will have 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 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.