IFRS for real estate
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.
Duration: 8h (two half-days)
Language: Available in English and French. The supporting material is only available in English.
Number of participants: up to 15
Available as intra-company course (i.e. dedicated session on demand)
Course content can be customised on demand under specific conditions.
Objectives
By the end of this training, 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.
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 or teams dealing with internal controls
- Heads of consolidation
- Tax consultants
- Accountants
Our lead experts
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 the IFRS leader for PwC Luxembourg and a partner in the Assurance practice. With over 20 years of experience serving financial and multinational institutions by providing audit and advisory services, he is a member of various PwC International IFRS working groups, including GACS (Global Accounting and Consulting Services), Financial Instruments Topical Team (FITT), and Corporate Treasury Technical Committee (CTTC). Philippe played a crucial role in developing our global guide: Hedge Accounting in Practice.
Philippe graduated from HEC-University of Liège-Belgium. He is a qualified 'réviseur d’entreprises' in Luxembourg.
