Mastering the standards

Transcription

1 Mastering the standards Intensive course on IFRS June 2015, Zurich An event presented by PwC s Academy for finance and accounting specialists and controllers

2 Intensive course on IFRS 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 ll learn how IFRS facilitates transparent external reporting. But you ll 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. Are you interested in a similar course in French (this will take place in May and June in Geneva)? Get more information via Sophie Lemal (sophie.lemal@ch.pwc.com). PwC s Academy PwC s Academy provides business leaders and managers like you with professional development resources and opportunities to build relationships. Find out about further opportunities to enhance your knowledge and enrich your relationships on

3 Programme Basic IFRS including new IFRS 15 Module 1 1 June 2015 IFRS 15 Revenue recognition: from contracts with customers a comprehensive overview of the new standard IAS 7 Cash flow statement: Definitions; classification and allocation criteria; direct/indirect method; specific transactions IFRS 8 Operating segments; IAS 1 Presentation of Financial Statements; IAS 24 Related party disclosures; IAS 10 Events after the balance sheet date IAS 16 Property, plant and equipment: Definition and measurement; depreciation and impairment IAS 37 Provisions, contingent liabilities and contingent assets: Present obligation from a past event; measurement of the provision; treatment of restructuring and warranty provisions Basic IFRS: Financial instruments Module 2 2 June 2015 IAS 39 Financial instruments: Recognition and measurement: Classification, measurement and impairment of financial instruments IAS 32 Financial instruments: Presentation: Equity instruments vs. liabilities IFRS 7 and IFRS 13 Financial instruments: Disclosures: Information about the financial instruments and risk management IAS 21 The effects of changes in foreign currencies: Identifying the functional currency and the presentation currency; treatment of foreign currency transactions IAS 17 Update on expected new leasing standard For further information and registration please visit:

4 IFRS Advanced: Financial instruments with focus on new IFRS 9 Module 3 3 June 2015 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 IAS 39 and IFRS 9 Hedge accounting: fair value hedge, cash flow hedge, net investment hedge; hedge effectiveness, rebalancing, hedging instruments including hedging with options, discontinuation of hedge accounting IFRS 9 Transitioning: overview of transitioning rules including operational simplifications and disclosures IFRS Advanced I Module 4 8 June 2015 IFRS 2 Share-based payment: Scope and classification IAS 19 Employee benefits: Overview of the types of employee benefits from an accounting perspective. Pension accounting: defined contribution and defined benefit plans IFRS 5 Non-current assets held for sale and discontinued operations: Classification and measurement principles; treatment of impairment; disclosure IAS 12 Income taxes: Recognition and measurement principles for deferred taxes; tax reconciliation and determination of the tax base and tax rate IFRS 13 Fair value measurement for non-financial assets and liabilities: Valuation techniques, highest and best use, disclosures IFRS Advanced II Module 5 9 June 2015 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, disclosures 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

5 Organisation Dates: The course will be held in five modules, each lasting one day from 8:30 am to approx. 6 pm, on the following dates: Module 1: Monday, 1 June 2015 Basic IFRS including new IFRS 15 Module 2: Tuesday, 2 June 2015 Basic IFRS: Financial instruments Module 3: Wednesday, 3 June 2015 IFRS Advanced: Financial instruments with focus on new IFRS 9 Module 4: Monday, 8 June 2015 IFRS Advanced I Module 5: Tuesday, 9 June 2015 IFRS Advanced II Location: Courtyard by Marriott, Max-Bill-Platz 19, CH-8050 Zurich Tel , fax , The course is organised as follows: You can tailor the course to your needs and register for 1 to 5 modules. You get a diploma after successfully completing a module. You can earn up to 8 US CPE credits for each module at this group-live training (advance preparation: none). Fee: The fee for the course is 1 module: CHF 1,600 including VAT 2 modules: CHF 3,100 including VAT 3 modules: CHF 4,500 including VAT 4 modules: CHF 5,700 including VAT 5 modules: CHF 6,500 including VAT This includes course documentation, refreshments (breaks and lunch) and parking. PricewaterhouseCoopers is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have fi nal authority on the acceptance of individual courses for CPE credit. Complaints regard ing registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, Web site:

6 Important information Target audience: The course is designed primarily for finance and accounting specialists that report under IFRS. Presenters and instructors: The course is presented by experienced PwC IFRS specialists. Registration: Please register online at by 12 May Number of participants: The number of participants is limited. Participants will be accepted in the order registrations are received. 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. Language: The course documentation and presentation slides are in English. There will be two classes, one in English, the other in German. Please select the language you prefer. Accommodation: There are preferential rates for participants who would like to stay at the hotel. When you book your room, please mention you are attending the Intensive Course on IFRS from PwC. Accommodation, dinner and breakfast are not included in the fee. Contact: PricewaterhouseCoopers AG Regina Schütz Birchstrasse 160, 8050 Zurich Tel , fax regina.schuetz@ch.pwc.com