IFRS for investment funds
Many actors in our economy discuss the financial performance of companies using the IFRS. 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 in detail IFRS treatment bound to the UCITS industry. The instructors will use concrete examples from their daily experience to explain the theory to participants and ensure a better understanding of the concepts.
Duration: 3h
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 the overall IFRS impacts on investment funds accounting, including debt equity presentation, accounting for the portfolio, and the disclosures on risks and fair value.
Content
- IFRS applicable to investment funds
- Review of the balance sheet, P&L, cash flow statement and statement of change in equity / net asset attributable to owners and notes
- Financial assets at Fair Value Through Profit or Loss (FVTPL) Cash and cash equivalent
- Debt vs. equity – focus on puttable instruments
- Financial liabilities at FVTPL
- New and latest standards applicable to investment funds
Target audience
- Treasurers
- CFOs
- Accountants
Our lead experts
This training is coordinated by Philippe Förster, Lead Partner of IFRS Learning Solutions of PwC Luxembourg.
It will be led 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.
