IFRS for real estate

• Heads of accounting and their teams
• Professionals of the financia sector
• Management controllers
• Teams of internal auditors or teams dealing with internal controls
• Heads of consolidation
• Tax consultants
• Accountants

This training programme addresses IFRS issues related to real estate vehicles, focusing on key areas associated with the accounting of such vehicles.

The training incorporates practical examples and case studies catering to participants who are responsible for the accounting of real estate structures in accordance with IFRS.

It is intended for individuals who possess a basic knowledge and understanding of both IFRS and real estate structures.

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

• identify and explain the various issues specific to IFRS for real estate structures;
• understand and comply with the application of the IFRS to this industry;
• view arising practical issues and consequences resulting from the application of IFRS;
• understand the impacts of recent changes and future developments in IFRS for real estate structures.

• 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 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.