IFRS for investment funds

This course covers in detail IFRS bound to investment funds and asset management. The instructors will use concrete examples to explain to the participants the theoretical part and so insure them a better understanding of these new knowledge.

This module is open to participants having already a good knowledge in IFRS.

Objectives

Upon completion of the course, participants will be able to:

• understand the key technical elements of IFRS specifically relating to the investment fund industry;
• identify and explain issues and practical implications of IFRS applied to the investment funds industry;
• determine both the IFRS accounting treatment and financial statement disclosures required.

Introduction

• Investment funds under IFRS
• Partnership, trust and other fund structures

Presentation of financial statements for investment funds

• Illustrative financial statements for funds under IFRS
• Revised IAS 1
• IAS 7
• IAS 8; IAS 10
• IAS 21- IAS 21

Consolidation (agent versus principal, auto pilot, master-feeder) and related disclosures

• IAS 27, 28, 31 and SIC 12
• Master - feeder/umbrella fund/combined financial statements

Financial instruments, fair value, debt/equity analysis
Other IFRS topics applicable to investment funds

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.