IFRS for private equity

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

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

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.

• Presentation of financial statements
• Debt vs Equity classification
• Functional and presentation currency
• Consolidation and investment entity exemption
• Carried interest and distributions
• Financial instruments: recognition, classification and measurement
• Financial instruments: disclosures
• Other matters

This training is coordinated by Ionela Poenaru, Director at PwC Luxembourg.

Ionela, Director, belongs to different PwC Global groups such as Global Accounting Consultancy Services (GACS), CMAAS (Capital Markets Accounting Advisory Services). During her 8 years of experience within the IFRS team, she has performed IFRS impact analysis in the context of various complex transaction like business combinations, group restructuring, refinancing, hedge accounting, tax structuring. She has developed tailored training solutions for large clients and has robust experience in reviewing financial statements and analysing the impact of IFRS for first-time adopters and existing preparers.