IASeminars works together with experts from
PricewaterhouseCoopers (PwC) in Switzerland to offer a number of technical training courses on selected international accounting topics - download a
course flyer.
See further details below, and click on the links for more information and to register. To view in date order, click
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Courses taught by PwC in Switzerland
- Course 1203: IFRS Accounting for Financial Instruments
- Course 1230: IFRS Business Combinations Accounting Workshop
- Course 3200: Overview of International Public Sector Accounting Standards IPSAS
- Course 3280: International Public Sector Accounting Standards (IPSAS) Technical Update
DETAILED LINKS
1203: IFRS Accounting for Financial Instruments (2-day course)
This two-day course provides a review, explanation and illustration of IAS 32, IAS 39 and IFRS 7, relating to accounting and disclosures for financial instruments. Topics include: Explanation and description of financial instruments | Basic criteria for recognition and derecognition of financial instruments | Classification of investments as ‘at fair value through profit or loss’, held-to-maturity, or available-for-sale | Accounting for loans and receivables | Basic impairment of financial instruments | Initial and subsequent measurement | Application of the effective interest method | ‘Mark-to-market’: basic rules for determining fair value | Distinguishing debt versus equity | Compound financial instruments | Overview of the February 2008 amendment to IAS 32 regarding Financial Instruments Puttable at Fair Value and Obligations Arising on Liquidation | Rules relating to first-time adoption of IFRS | Overview of disclosure requirements for financial instruments under IFRS 7.
In addition, this invaluable course provides extensive discussion of the complexities associated with IAS 39 relating to derivative financial instruments and hedge accounting. Topics include: Economic hedging versus hedge accounting | Detailed explanations of the Fair Value, Cash Flow and Net Investment hedge accounting models in relation to interest rate, FX and commodity hedging | Testing whether hedges are highly effective versus measuring their P&L ineffectiveness | Comparison of Pro’s and Con’s of various effectiveness testing methods, including dollar offset and regression analysis | Hypothetical derivative method for the retrospective and prospective effectiveness testing for cash flow hedges | Key requirements for hedge documentation for the most common types of hedge relationships | Practical examples of key hedging issues | Foreign exchange hedging: (a) Forecast accuracy and highly probable requirements, (b) Treasury center inter-company FX hedging rules, (c) Designation and effectiveness testing for FX options, (d) Net investment hedging strategies | Interest rate risk hedging: (a) Current thinking on partial term hedging: problems & solutions, (b) Hedge effectiveness testing issues, (c) Cross-currency hedging strategies | Commodity hedging: (a) Hedging of commodity price risk and similarity to FX hedging, (b) Some of the significant ineffectiveness problems related to commodity hedging, and (c) Practical examples | IASB update, including: (a) Current status of the IASB Discussion Paper on fair value measurement, (b) Overview of the Amendment to IAS 39 – Eligible Hedged Items (July 2008, effective July 2009), and (c) Overview of IFRIC D22 Hedges of Net Investment in a Foreign Operation.
IMPORTANT NOTE: This course has been specifically designed for entities seeking to apply IAS 32 / 39, or for financial institutions that advise on financial products. It is not considered appropriate for other consultants.
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1230: IFRS Business Combinations Accounting Workshop (2-day course)
This two-day course provides an in-depth review and hands-on experience in applying IFRS 3 Business Combinations - and related principles such as the fair value measurement of acquired assets and assumed liabilities and contingent liabilities, the calculation of goodwill, the evaluation of contingent payments, the treatment of business combinations achieved in stages, provisional accounting and subsequent changes to valuations. Using extensive case studies in an interactive group environment, our expert instructors guide delegates through business combination accounting rules and practical applications, including: Identifying a business combination | Determining the date of the acquisition | Identifying the acquirer | Calculating the cost of the business combination (including treatment of contingent payments) | Recognition and measurement of acquired assets, including intangible assets | Accounting for in-process research and development | Recognition and measurement of assumed liabilities, including contingent liabilities | Provisional accounting rules | Accounting for subsequent changes in valuation | Accounting for goodwill | Treatment of bargain purchases | Impairment testing of goodwill and intangible assets with indefinite useful lives | Restructuring provisions | Treatment of non-controlling (minority) interests | Put and call options on minority interests | Tax considerations | Disclosure requirements | Business combinations achieved in stages | Reverse acquisitions | Transitional provisions.
In addition, the course includes a brief overview of the most significant changes that will be required in accounting for business combinations under the revised IFRS 3 issued 10 January 2008. The effective date for the revised standard is 1 July 2009, with limited early application permitted. The programme also includes a discussion of the current status of the IASB Discussion Paper on fair value measurement and its potential affect on business combinations.
Delegates who would benefit from an in-depth review of the changes to current accounting requirements that will become effective with revised IFRS 3 are encouraged to also consider attending Course 1235: IFRS Business Combinations - Implementing the New Standard.
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1750: Introduction to IFRS for the Public Sector (3 day course)
This three-day course provides a detailed step-by-step guide through the technical issues faced in producing IFRS financial statements by public sector organisations. This programme complements Course 3200: Overview of International Public Sector Accounting Standards IPSAS (3-day course), and during this event, our expert instructorw highlight the key differences between IFRS and IPSAS. The programme covers, through the use of case studies and exercises: Income statement presentation and specific disclosures (revenue recognition, segment reporting, discontinued operations, related parties, accounting policies) | Cash flow statements | Recognition and measurement of assets (property, plant & equipment, intangible assets, inventories, investment property) including the accounting treatment for revaluations, impairment and assets held for sale | Interest capitalisation (borrowing costs) | Accounting estimates and errors | Provisions/non-financial liabilities (including those for employee benefits) and other liabilities | Leases | Current and deferred taxes | Investments in associates and joint ventures | Consolidated financial statements | Special purpose entities (PFI, PPP) and service concession arrangements | Construction contracts | Financial instruments, including the treatment of derivatives & hedge accounting | Foreign currency transactions and financial statement translation | Events after the reporting period | First-time adoption of IFRS | Brief comparisons with other major GAAP (e.g. US & UK GAAP) and discussion of future developments (Exposure Drafts, Draft Interpretations, Discussion Papers, IASB projects and agenda).
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3200: Overview of International Public Sector Accounting Standards IPSAS (3-day course)
The International Public Sector Accounting Standards Board (IPSASB) focuses on the accounting and financial reporting needs of national, regional and local governments, related governmental agencies, and the constituencies they serve. This three-day course provides a comprehensive overview of the most important requirements for understanding and applying International Public Sector Accounting Standards (IPSAS). The programme includes: Introduction to IPSAS | Improvements project | Sources of guidance | Accounting for Government Business Enterprises | Reporting and disclosure (IPSAS 1 Presentation of Financial Statements, IPSAS 2 Cash Flow Statements, IPSAS 6 Consolidated Financial Statements and Accounting for Controlled Entities, IPSAS 10 Financial Reporting in Hyperinflationary Economies, IPSAS 14 Events After the Reporting Date, IPSAS 18 Segment Reporting, IPSAS 20 Related Party Disclosures, IPSAS 22 Disclosure of Financial Information about the General Government Sector, IPSAS 24 Presentation of Budget Information in Financial Statements) | Assets and liabilities (IPSAS 17 Property, Plant and Equipment, IPSAS 5 Borrowing Costs, IPSAS 13 Leases, IPSAS 16 Investment Property, IPSAS 12 Inventories, IPSAS 21 Impairment of Non-Cash-Generating Assets, IPSAS 15 Financial Instruments: Disclosure and Presentation, IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets) | Income statement issues (IPSAS 3 Net Surplus or Deficit for the Period, Fundamental Errors and Changes in Accounting Policies, IPSAS 9 Revenue from Exchange Transactions, IPSAS 23 Revenue from Non-Exchange Transactions (Taxes and Transfers), IPSAS 11 Construction Contracts, IPSAS 4 The Effect of Changes in Foreign Exchange Rates) | Associates and joint ventures (IPSAS 7 Accounting for Investments in Associates, IPSAS 8 Financial Reporting of Interests in Joint Ventures) | Financial Reporting Under the Cash Basis of Accounting | Transitioning to the accrual basis of accounting | Summary of recent pronouncements (IPSAS 25 Employee Benefits, IPSAS 26 Impairment of Cash-Generating Assets, Cash-Basis IPSAS update including external aid disclosure requirements) | Expected future developments.
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3280: International Public Sector Accounting Standards (IPSAS) Technical Update
This one-day course brings delegates up-to-date with recent and likely future developments of the International Public Sector Accounting Standards (IPSAS). Topics to be covered are finalised in the run-up to the course in order to be as current as possible. Using examples and case studies for illustration, this programme concisely covers the latest and pending changes to the IPSAS. Topics include: Recent new IPSAS issuances and amendments | Disclosure by Recipients of External Assistance (Cash-basis Standard) | Employee Benefits (IPSAS 25) | Impairment of Cash-Generating Assets (IPSAS 26) | Outstanding Exposure Drafts | The Effects of Changes in Foreign Exchange Rates (IPSAS 4) | Current Discussion Papers | Update on other projects | IFRS Convergence Project | IPSASB’s work programme | Public Sector Conceptual Framework | Service Concession Arrangements | Social Benefits | Guidelines for modifying International Accounting Standards Board Documents | Cash-basis IPSAS | Financial Instruments | Fiscal Sustainability | Heritage Assets.
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PwC Instructors in Switzerland
Hanspeter Abegg is a Manager in the Accounting Consulting Services Group at PricewaterhouseCoopers in Zürich. He has worked on national and multinational IFRS clients as audit manager. In the course of his work, he has assisted a number of companies on transition to IFRS. Hanspeter has also conducted a number of training courses on IFRS related topics. He is a Swiss Chartered Accountant, an Associate of the Swiss ACT and has an bachelor in business. Hanspeter teaches
Course 1405 - IFRS Preparation of Cashflow Statements Under IAS 7.
Guido Andermatt is an assurance Partner in the Banking and Investment Management Practice at PricewaterhouseCoopers in Zurich, where he is responsible for IFRS accounting issues. In addition, he has accumulated significant experience in the audit of the financial instruments activities in the banking, corporate treasury and investment management environments. Guido has also conducted a number of training courses and conferences on the topic of financial instruments. He is a Swiss Certified Accountant and an Associate of the Swiss Institute. Guido teaches
Course 1740 - IFRS Accounting for Banks and Other Financial Institutions.
Richard Burger is an assurance Director in the Insurance Practice at PricewaterhouseCoopers in Zurich, where he is responsible for regulatory and IFRS accounting issues. He is a Swiss Chartered Accountant who worked previously for PwC’s Global Corporate Reporting Group in London where he specialised in the area of Business Combinations, Financial Instruments, Investment Management and Securitisations. Richard teaches
Course 1801 - IFRS for the Insurance Industry.
Anton De Greef is a Manager with the Global Capital Markets Group of PwC Belgium, and a Member of the firm's IFRS Technical Committee. In this capacity, Anton regularly reviews the financial statements and disclosures of companies reporting under IFRS, and is frequently consulted on complex IFRS issues. He is a regular IFRS training instructor, both for PwC staff as well as for external clients. Anton is also an expert on International Public Sector Accounting Standards (IPSAS), and he advises and provides training sessions to IPSAS clients including the European Commission and the European Court of Auditors. Before he joined PwC, Anton gained industry experience as Financial Manager at ING Real Estate, where he was responsible for Accounting, Financial Processing, Budgeting and Funding matters. He was in charge IFRS reporting and was actively involved in the IFRS transition of various ING Real Estate subsidiaries. Anton teaches
Course 3200 - Overview of International Public Sector Accounting Standards IPSAS and
Course 3280 -International Public Sector Accounting Standards (IPSAS) Technical Update.
Jordane Galasso is a senior manager with PwC Switzerland, and experienced at managing transition projects to International Accounting Standards (IPSAS/ IFRS). Due to her considerable experience with transition processes and methodology, she is able to provide practical IPSAS implementation advice for day-to-day operations: from the identification of accounting changes and their impact on people, processes and financial reporting, to the development of learning tools for IPSAS / IFRS implementation. Her experience also includes the conceptualization, development and implementation of customized IPSAS / IFRS financial reporting and its integration into existing reporting processes for both public sector and listed multinational companies. Jordane was also responsible for development and delivery of customized IPSAS / IFRS training courses and accounting manuals, including change management related to transition projects. Jordane teaches
Course 3200 - Overview of International Public Sector Accounting Standards IPSAS and
Course 3280 -International Public Sector Accounting Standards (IPSAS) Technical Update.
Laura Galbiati is a Director in the Accounting Consulting Services Group at PricewaterhouseCoopers in Bern, where she is responsible for providing IFRS accounting advise in the areas of share based payments, business combinations and related topics including consolidation, equity and joint venture accounting to clients in Switzerland. Laura has also conducted a number of training courses and conferences on these topics. She is an Australian Chartered Accountant, a Fellow of the Financial Services Institute of Australasia and has an MBA from IESE Business School. Laura teaches
Course 1230 - IFRS Business Combinations Accounting Workshop.
Stefan Haag is a Director in the Accounting Consulting Services Group at PricewaterhouseCoopers in Winterthur, where he is responsible for accounting support in the area of IAS 19 (Employee Benefits) for PwC clients in Switzerland. In addition to this IFRS focus, Stefan also serves several Swiss pension funds as a statutory auditor. Stefan has conducted a number of training courses and conferences on IAS 19 topics. He is a Swiss Certified Accountant, an Associate of the Swiss audit profession (Treuhand-Kammer) and is a graduate in economics from the University of St. Gallen. Stefan teaches
Course 1280 - IFRS Accounting for Pensions, Other Employment Costs & Share-based Payments.
Michiel Mannaerts is a Manager in the Corporate Treasury Solutions Group at PricewaterhouseCoopers in Geneva, Switzerland. He specialises in advising corporates on foreign currency, interest rate and commodity hedging strategies and related accounting issues. In addition, he has accumulated significant experience in the audit of the financial instruments activities in the corporate treasury, energy trading and investment management environments. In the course of his work, he has assisted a number of multinational companies across Europe in the implementation of accounting for financial instruments under IFRS and US GAAP. Michiel has conducted numerous training courses on this topic. He is a Dutch Chartered Accountant, and currently completing his qualification as a Certified Treasurer. Michiel teaches
Course 1203- IFRS Accounting for Financial Instruments.
Hans-Rudolf Tanner is a Senior Manager in the Accounting Consulting Services Group at PricewaterhouseCoopers in Zürich, Switzerland. He specialises in advising corporates on the accounting treatment under IFRS for business combinations, consolidation and discontinued operations. In addition, he has accumulated significant experience in the audit of IFRS group financial statements in the retail, manufacturing and transportation industry. In the course of his work, he has assisted a number of multinational companies across Europe in the group reporting for IAS 27, IFRS 3 and IFRS 5 matters. He was seconded also for a year to the Eurofirms IFRS Technical Office of PricewaterhouseCoopers. Hans-Rudolf has conducted a number of training courses and conferences on this topic. He is a Swiss CPA and an Associate of the Swiss Institute. Hans-Rudolf teaches
Course 1230 - IFRS Business Combinations Accounting Workshop.