IFRS for private equity

This module is proposed to the participants who have already a good knowledge of the basics of IFRS.

Most of the actors of the financial sector 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 specific training covers in detail IFRS issues bound to holding companies, to Soparfis and to private equity structures.

Our experts will use very concrete examples to explain to the participants the theoretical part and so insure them a better understanding.

This course does not address matters linked to the real estate structures, which are included in the training programme "IFRS for real estate".

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

• Identify and explain the various issues specific to IFRS for holding companies, Soparfi and private equity structures;
• Anticipate the implementation of the standards to these sectors.

• Introduction
• Presentation of financial statements
• Financial instruments
  • Recognition, classification and measurement
  • Debt/equity
  • Disclosures
• Functional and presentation currency
• Consolidation
• Revenue recognition
• Related party transaction
• Other matters related to Holding/Soparfi and private equity

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.