Intensive Course on IFRS

June 2017 | Courtyard by Marriott | Zurich

Stay smart with PwC

 

Does your company report in accordance with International Financial Reporting Standards (IFRS), or are you responsible for preparing the financial statements in compliance with IFRS? Is your company considering a move to IFRS? Or do you simply want to extend or to refresh your IFRS expertise? Then PwC’s intensive course on IFRS is right for you.

Objectives

Our module based IFRS course will help you deal with IFRS professionally and apply the standards competently by giving you:

  • a solid basic understanding of the most important IFRS/IAS standards and of recent developments
  • detailed knowledge of the content of these standards and how they are applied. 

You will learn how IFRS facilitates transparent external reporting. But you will also find out how to use it as a helpful instrument that supports you in assessing the financial position of your company and in recognising priorities. The course shows you how to put the theory into practice.

Methodology and organisation

All modules are specially designed for finance specialists and users of IFRS. In class you have presentations, group work, case studies and sharing sessions to expand and apply what you have learned.

Although all participants are invited to join all 5 modules, please keep the following in mind while registering: on day 4 we will look at IFRS 15 and IFRS 9 from the viewpoint of corporate entities. On day 5 we will tailor the discussion for the needs of the financial services industry, with a focus on IFRS 9.

 

 

 

 

Dates

The course will be held in five modules, each lasting one day from 8:30 am to approx. 6 pm in English.

  • Module 1: Tuesday, 13 June 2017
  • Module 2: Wednesday, 14 June 2017
  • Module 3: Monday, 19 June 2017
  • Module 4: Tuesday, 20 June 2017
  • Module 5: Wednesday, 21 June 2017

Location

Courtyard by Marriott
Max-Bill-Platz 19, CH-8050 Zurich

Fee

1 module:     CHF 1,300 including VAT
2 modules:   CHF 2,500 including VAT
3 modules:   CHF 3,600 including VAT
4 modules:   CHF 4,500 including VAT
5 modules:   CHF 5,400 including VAT

This includes course documentation, refreshments (breaks and lunch) and parking.

Presenters and instructors

The course is presented by experienced PwC IFRS specialists.

Number of participants:

The number of participants is limited. Participants will be accepted in the order registrations are received.

US CPE credits

You get a diploma after successfully completing this course and can earn up to 8 US CPE credits per module at this group-live training (advance preparation: none). In order to be awarded the full credit hours, you must be present, registering your attendance at the registration desk.

Target audience

The course is designed primarily for finance and accounting specialists that report under IFRS.

Additional information

Field of study: Accounting
Programme level: Intermediate
Prerequisites: Basic knowledge of IFRS

Cancellation

Cancellations will be accepted without charge up to 20 working days before the course; up to ten full working days prior to the event 50% of the fee will be charged. In the case of a later cancellation, the full amount will be billed. You may name someone to attend in your place. For more information regarding refund, complaint, and/or programme cancellation policies please contact Gesa Mannigel: +41 58 792 24 54 / gesa.mannigel@ch.pwc.com

Module 1: Pensions, share-based payments, income taxes, cash flow and others
13 June 2017

  • IAS 19: Employee benefits: overview of the types of employee benefits from an accounting perspective Pension accounting: defined contribution and defined benefit plans
  • IFRS 2: Share-based payment: scope and classification
  • IAS 12: Income taxes: recognition and measurement principles for deferred taxes; tax reconciliation and determination of the tax base and tax rate
  • IAS 7: Cash flow statement
  • IAS 16: Property, plant and equipment: definition and measurement; depreciation and impairment
  • IAS 37: Provisions, contingent liabilities and contingent assets
  • IAS 2: Inventories

Module 2: Focus on the new leases standard and other topics
14 June 2017

  • IFRS 16: New leasing standard in detail – learn about the potential implications of the new standard
  • IAS 21: The effects of changes in foreign currencies: identifying the functional currency and the presentation currency; treatment of foreign currency transactions
  • IAS 32: Financial instruments: presentation: Equity instruments vs. liabilities
  • IFRS 8: Operating segments; IAS 1 – Presentation of financial statements; IAS 24 – Related party disclosures; IAS 10 – Events after the balance sheet date

Module 3: Consolidation and business combination and impairment
19 June 2017

  • IFRS 10 / IFRS 11 / IFRS 12: Consolidation and reporting in a group: concept of “control” and structured entities; partial disposals; treatment of joint arrangements, associates and non-controlling interests (NCIs)
  • IFRS 3: Business combinations: identifying the acquirer; elements of the cost of the combination; full and partial goodwill method; purchase price allocation, disclosure
  • IAS 36: Impairment of assets: internal/external impairment indicators; identification of cash generating units; discount factor; terminal value
  • IAS 38: Intangible assets: recognition and measurement principles; research and development costs; intangible assets in business combinations
  • IFRS 5: Non-current assets held for sale and discontinued operations: classification and measurement principles; treatment of impairment; disclosure

Module 4: IFRS 15 Revenues and IFRS 9 Financial instruments for corporates
20 June 2017

  • IFRS 15: Revenue recognition from contracts with customers – a comprehensive overview of the new standard, recognition and timing of revenue, the five step model, presentation and disclosures, transition requirements
  • IFRS 9: Classification and measurement of financial instruments and the new impairment model
  • IFRS 9: Hedge accounting: fair value hedge, cash flow hedge, net investment hedge; hedge effectiveness, rebalancing, hedging instruments including hedging with options
  • IFRS 9: Derecognition of financial instruments with focus on factoring agreements

Module 5: IFRS 9 Financial instruments, and IFRS 15 Revenues for financial services
21 June 2017

  • IFRS 9: Classification and measurement of financial instruments: business model test for managing financial assets and characteristics of contractual cash flows
  • IFRS 9: Impairment of financial assets: the new impairment model will result in earlier recognition of losses
  • IFRS 9: Short overview hedge accounting for financial services
  • IFRS 9: Transitioning rules including operational simplifications and disclosures
  • IFRS 7 / IFRS 13: Financial instruments disclosures
  • IFRS 15: Revenue recognition: from contracts with customers for financial services

Get in contact with us

David Mason

Leader IFRS, Geneva

+41 58 792 94 90

Email

Gesa Mannigel

Director, Zurich

+41 58 792 2454

Email

Vicky Benzia

Personal Assistant & Event Coordinator, Zürich

+41 58 792 4907

Email

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