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 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 IFRS treatment relevant to the Alternative industry in detail. 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 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.

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.