IFRS for real estate

This training programme addresses IFRS issues related to real estate vehicles. It focuses on the main areas linked to accounting of such vehicles in conformity with IFRS.

The training consists of practical examples and case studies. It is offered to participants who are responsible for the accounting of real estate structures in accordance with IFRS and who already have a basic knowledge and understanding of IFRS and of real estate structures.

Objectives

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

• understand and assess the main impacts of IFRS 15;
• apply their knowledge to their IFRS reporting.

• IFRS principles for real estate
• Introduction
• Properties (IAS 40, IAS 16, IAS 2, IAS 21 and IAS 23) and non-current assets
• Held for sale (IFRS 5)
• IAS 12
• Debt vs equity
• Fair value measurement (IFRS 13) and related disclosures
• INREV NAV

An attendance certificate will be sent to participants.

This training will be coordinated by Frank Ballmann, Philippe Foerster and Ionela Poenaru.

Frank Ballmann is an assurance partner at PwC Luxembourg with over 15 years of experience. He is expert in IFRS and LuxGAAP for Real Estate and asset management (including consolidation). He is member of the Real Estate Technical team and member of German Country Working team.
He is a qualified Luxembourg réviseur d’entreprises agréé, Luxembourg expert comptable and wirtschaftsprüfer.

Philippe Forster is the IFRS leader for PwC Luxembourg and is partner in the Assurance practice. He has over 16 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 a partner 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 to 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.

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.