Thought Leadership

At this page, PwC champions share in-depth research and thought leadership on government and public sector issues specific to Azerbaijan. You are welcome to see some of our world-class best practice publications to help our public and private sector clients understand and identify what they could achieve and accomplish for their own organizations.

PwC - co-organiser of the international conference “Azerbaijan 2020:  Vision of the Future”

On 3 December 2012 , the Centre for Strategic Studies under the President of Azerbaijan and PwC Azerbaijan in cooperation with the United Nations Development Program (UNDP) and the Azerbaijan Youth Foundation organised the international conference "Azerbaijan 2020: Vision of the Future".

Jan Sturesson, PwC Partner and the Global Leader for the Government and Public Services Industries has made a presentation on ”Azerbaijan 2020, Embracing tomorrow: key trends and issues”, where he spoke about economic and social achievements of Azerbaijan for the most recent two years, global trends of managing state owned enterprises, as well as importance of innovations for successful development of the economy.

Follow this link for the presentation (PDF 1.22 MB):

Financial Reporting in the Mining Industry (FRIM)

The Financial reporting in the mining industry (FRIM) looks at how IFRS is applied in practice by mining companies, identifying unique issues for the industry. In this edition we include a number of examples to demonstrate how companies are responding to the various accounting challenges along the value chain.

It is not just IFRSs that are constantly evolving but also the operational issues faced by mining companies with the heavy demand for capital and risks faced by the industry driving more cooperative working relationships. We look at some of main developments in this context with a selection of reporting topics that are of most practical relevance to mining companies’ activities. The new standard on joint arrangements will be an area of focus for companies in the mining sector. The classification of the joint arrangement determines the subsequent accounting, and we consider some of the challenges introduced by the new standard in determining the type of joint arrangement which exists. We also look at the new Interpretation on production stripping costs and practical issues associated with its implementation.

What's new this year ?

The new sections on joint arrangements and stripping costs will be of particular interest to our clients as they apply the new requirements, and teams should engage with their contacts to see what guidance they can provide.

Who should read it?

FRIM is written for executives and financial managers in this sector; investors and other users of mining industry financial statements; and accounting bodies, standard-setting agencies and governments around the world.

Follow this link for the document (PDF 1.59 MB):