IFRS for investment funds

Many actors in our economy discuss the financial performance of companies using the IFRS standards. For some, the adoption of the IFRS has a significant impact on the presentation of the financial information,their company's organisation, their performances keys, etc. For the others, who have already made this transition, IFRS keeps evolving.

This training covers in detail IFRS treatment bound to the UCITS industry. The instructors will use concrete examples from their daily experience to explain the theory to participants and ensure a better understanding of the new concepts.

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

• identify the overall IFRS impacts on investment funds accounting, including debt equity presentation, accounting for the porfolio, and the disclosures on risks and fair value.

IFRS applicable to investment funds
Review of the balance sheet, P&L, cash flow statement and statement of change in equity / net asset attributable to owners and notes
Financial assets at Fair Value Through Profit or Loss (FVTPL)
Cash and cash equivalent
Debt vs. equity – focus on puttable instruments
Financial liabilities at FVTPL

New and latest standards applicable to investment funds

This training is coordinated by Philippe Förster, Lead Partner of IFRS Learning Solutions of PwC Luxembourg.

It will be presented 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.