IFRS for Real Estate investment funds

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.

27 & 29 April 2021 (ENG) - 9am-12:30pm

16 & 18 June 2021 (ENG) - 9am-12:30pm

Price: 1050.00 €

Duration: 7h

Language: English, also available in French

Number of participants: max. 20

Objectives

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 practical issues arising and consequences resulting from the application of IFRS;
  • Understand the impacts of recent changes and future developments in IFRS for Real Estate Structures.

Content

  • 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

Target audience

  • Heads of accounting and their teams
  • Professionals of the financial sector
  • Management controllers

  • Teams of internal auditors and internal control
  • Heads of consolidation
  • Tax consultants
  • Accountants

Our lead experts

This training will be coordinated by Kenneth Iek and Frank Ballmann, Partners, PwC Luxembourg. The training will be presented by PwC subject matter experts dealing with real estate investments issues under LUX GAAP.   

Kenneth Iek is an assurance partner at PwC Luxembourg with over 24 years of experience.
He specialises in alternative investments including Luxembourg and Cayman investment entities, cross border real estate structures and IFRS.
Kenneth leads the Luxembourg real estate technical team and the Asian team focused on developing South East Asian businesses.
He is a member of the ALFI Real Estate Sub-committee and the CSSF committee on the issue of “look thru” relating to the SIF law.
He is a qualified Luxembourg Réviseur d’Entreprises Agréé, Luxembourg Expert Comptable, and Fellow of the Institute of Chartered Accountants in Irelan

​​Frank Ballmann is an assurance partner at PwC Luxembourg with over 15 years of experience.
He is expert in IFRS and Lux Gaap 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.

Contact us

Contact details

PwC's Academy, Crystal Park Building, PwC Luxembourg

Tel: +352 49 48 48 4040

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