PwC says major accounting changes will impact Jamaican companies … the firm hosts its tenth IFRS Seminar

Kingston, Jamaica, Thursday, September 28, 2017 – A number of far-reaching accounting changes on revenue, credit losses on loans and leases take effect in 2018 and 2019. This is according to PwC International Financial Reporting Standards (IFRS) specialist partners during the tenth staging of the firm’s annual financial accounting seminar. These changes will have a significant impact on revenue, earnings and balance sheets of companies in several industries.  

Gail Moore, IFRS specialist partner at PwC Jamaica, noted that “Accounting standards are constantly changing.  At PwC, our objective is to stay on the cutting edge of global financial reporting and ensure that our clients and other stakeholders understand and are fully prepared for the impact new standards will have on them.”

“This conference gives us the opportunity to come together with our valued clients for an intense agenda of learning and networking,” said Alok Jain, advisory leader for the Caribbean region and IFRS specialist partner, “Our dedicated Partners and wider team work tirelessly to ensure that PwC Jamaica is providing a superior value proposition to our clients in multiple ways, including this IFRS conference”.

Alok Jain, PwC in Jamaica Partner, Sandra Thompson, PwC UK partner for financial instruments under IFRS, Katie Woods, a director in PwC’s Global Accounting Consulting Services Group in London and Gail Moore IFRS specialist partner for PwC in Jamaica.
(L-R) Alok Jain, PwC in Jamaica Partner, Sandra Thompson, PwC UK partner for financial instruments under IFRS, Katie Woods, a director in PwC’s Global Accounting Consulting Services Group in London and Gail Moore IFRS specialist partner for PwC in Jamaica. The IFRS specialists were presenters at the IFRS – In Focus 2017 Seminar hosted by PwC in Jamaica at the Jamaica Pegasus Hotel on September 26, 2017.
Leighton McKnight, territory leader at PwC Jamaica delivers the opening and welcome at the IFRS – In Focus 2017 Seminar hosted by PwC in Jamaica at the Jamaica Pegasus Hotel on September 26, 2017.
Leighton McKnight, territory leader at PwC Jamaica
Participants at the IFRS – In Focus 2017 Seminar hosted by PwC
Participants at the IFRS – In Focus 2017 Seminar hosted by PwC in Jamaica at the Jamaica Pegasus Hotel on September 26, 2017.
Gail Moore IFRS specialist partner, speaking on IFRS 15, Revenue from contracts with customer during the IFRS – In Focus 2017 Seminar hosted by PwC in Jamaica at the Jamaica Pegasus Hotel on September 26, 2017.
Gail Moore IFRS specialist partner
Sandra Thompson, PwC UK partner
Sandra Thompson, PwC UK partner for financial instruments under IFRS, speaking on IFRS 17, Insurance Contracts during the IFRS – In Focus 2017 Seminar hosted by PwC in Jamaica at the Jamaica Pegasus Hotel on September 26, 2017.

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