IFRS Update 2018

The Programme

IFRS and their application can be complex and challenging. IFRS standards are continuously evolving: new accounting standards are released, old ones are adapted and new interpretations are made. Therefore, keeping up to date with the frequent changes and latest development is crucial for your organisation.

Our IFRS training offers a high-level overview of the latest accounting standards developments/changes, practical application issues of existing standards and upcoming changes. This year, we will also have a full-day session on Integrated Reporting <IR>.

We are aware that our participants cut across various industries. That is why we are dedicating these courses to cater to industry specific needs with regards the new standards IFRS 9, 15 & 16. 

At the end of the course, participants will be aware on the major changes in accounting standards affecting companies in different industry sectors.

Identify your industry and save the date.

 

 

The Sessions

27 Apr 2018: IFRS Update - Management Companies

The Global Business sector faces complex transactions and technical standards. This course is to respond to the latest IFRS updates. Amongst others, we will consider:

  • the impact of IFRS 9, ‘Financial Instruments’;
  • the control and consolidation requirements under IFRS 10, ‘Consolidated Financial Statements’;
  • the changes to IAS 1, ‘Presentation of Financial Statements’ and IAS 7, ‘Statement of Cash Flows’ with the IASB’s Disclosure Initiative; and
  • a revisit of Debt and Equity distinction as prescribed by IAS 32, ‘Financial Instruments: Presentation’

Tutors: Michael Ho Wan Kau, John Li How Cheong, Raj Ghunowa

Venue: Labourdonnais Waterfront Hotel, Port-Louis

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30 May 2018: IFRS Update - Retail, Manufacturing and Consumer Industries

This course is designed to discuss and address IFRS issues and developments related to the Retail, Manufacturing and Consumer industries, using real-life scenarios, in particular:

  • IFRS 9, Financial instruments
  • IFRS 15, Revenue from contracts with customers
  • IFRS 16, Leases
  • IAS 19, Employee benefits

Tutors: Michael Ho Wan Kau, Olivier Rey, Shaybah Neetoo, Johanne How

Venue: Hennessy Park Hotel, Ebène

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31 Jul 2018: Integrated Reporting

The Integrated Reporting <IR> Framework takes a long-term view to doing business, where strategy is central to the reporting. <IR> enables the business to manage key risks and make informed decisions, to build investor and stakeholder confidence, improve future performance by seizing the right opportunities, and ultimately to create TRUST.

This course will help you to understand the benefits of ‘integrated thinking’ and why your company should adopt the <IR> approach.

Tutors: Olivier Rey, Julien Tyack

Venue: Hennessy Park Hotel, Ebène

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22 Aug 2018: IFRS Update - Hospitality Industry

IFRS 9, 15 and 16 are on our doorstep. Our course is your opportunity to finally get prepared for the big three. We will also cover other standards that have a significant impact on your industry.

  • IFRS 9, Financial instruments
  • IFRS 15, Revenue from contracts with customers
  • IFRS 16, Leases
  • IAS 19, Employee benefits
  • IAS 23, Borrowing costs

Tutors: Robert Coutet, Olivier Rey, Shaybah Neetoo

Venue: Hennessy Park Hotel, Ebène

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24 Oct 2018: IFRS Update - Insurance Industry

The new requirements will be discussed: in order to determine how you will be affected and what you should start doing now. The 2 main topics covered are:

  • IFRS 9, Financial instruments
  • IFRS 17, Insurance contracts

Tutors: TBC

Venue: Hennessy Park Hotel, Ebène

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22 Nov 2018: IFRS Update - Telecommunications and Media Industries

The course will examine IFRS changes and issues in depth, and their effects on Telecommunication and Media companies. We will discuss the common issues and explain, how telecommunication entities should conduct and shape their accounting and reporting practices.

  • IFRS 9, Financial instruments
  • IFRS 15, Revenue from contracts with customers
  • IFRS 16, Leases
  • IAS 16, Property, plant and equipment
  • IAS 38, Intangible assets
  • IAS 37, Provisions, contingent liabilities and contingent assets

Tutors: Michael Ho Wan Kau, Johanne How

Venue: Hennessy Park Hotel, Ebène

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Workshop Details

Date See in session details 

Time

 

8.30am - 4pm
(including tea breaks and lunch)

Venue

 

April session:      Labourdonnais Waterfront, Port-Louis
Other sessions:   Hennessy Park Hotel, Ebène

Cost

 

                                        

Course fee per participant
Rs 7,500 

Group course fee 
Rs 7,000
(Price per participant for a group of 6 persons)

MQA Approval in process - 5 CPD Hours

Contact For more details, please contact Mrs. Tawheda Wachill on T: 404 5225 or by email tawheda.wachill@pwc.com

The Tutors

Michael Ho Wan Kau

Michael Ho Wan Kau, ACA

Partner

Michael is a member of the Council of the Society of Chartered Accountants (Mauritius) after having been the Chairman for two years in 2006 and 2007. He has participated in many sub-committees for the issue of technical papers and comments on accounting issues and matters affecting the accounting profession. For PwC, Michael acts as Accounting Technical Leader for the East Market Africa region. He is a regular instructor of IFRS courses and will share his practical experience from his knowledge of the local industry sectors.

Michael holds a BA and MA in Natural Sciences. He is a Member of the ICAEW (Institute of Chartered Accountants in England and Wales).

John Li

John Li How Cheong, FCCA

Partner

John is a member of PwC’s technical team, with specific responsibility for Financial Instruments. He specialises in financial services and provides Assurance services to a wide range of local and multinational companies in the financial sector.

John is a Fellow Member of the Association of Chartered Certified Accountants.

Robert Coutet

Robert Coutet, FCCA

Partner

Robert is the PwC Mauritius Assurance Leader. He is responsible for the audit of a diversified portfolio of clients involved in various sectors of the economy such as Manufacturing, Telecommunications, Textile, Hospitality and in the Global Business Licence environment.

Robert is a Fellow Member of the Association of Chartered Certified Accountants.

Olivier Rey

Olivier Rey, ACA

Partner

Olivier has over 10 years of experience with PwC. He joined PwC London where he trained as a Chartered Accountant and managed the audits of listed companies in the mining and oil & gas sector. 

Olivier is the Corporate Reporting Awards leader and assists a number of organisations in adopting the Integrated Reporting framework. He is also the Hospitality Industry leader in Mauritius and a council member of the Society of Chartered Accountants in Mauritius.

Olivier holds an MSc in Civil Engineering from the University of Surrey (UK) and is a Member of the ICAEW (Institute of Chartered Accountants in England and Wales).

Shaybah Neetoo

Shaybah Neetoo, FCCA

Associate Director

Shaybah provides audit services to banks, insurance companies, textile companies and offshore investment companies. She has been a member of the Capital Markets And Accounting Consulting Services Africa East Africa Market (EMA) providing assistance to PwC firms in the Africa EMA until June 2015. Amongst others, her role involved the review of financial statements of PwC firms within the East African region, supporting audit teams with technical accounting enquiries and rolling out IFRS training courses on an annual basis both internally and externally.

Shaybah is a Fellow Member of the Association of Chartered Certified Accountants.

Julien Tyack

Julien Tyack, CIA, FCCA

Associate Director

Julien provides Risk Assurance Services to a diversified portfolio of clients. He has also worked at Audit Committee and Board level for many large and medium sized local and multinational organisations in various industries in the UK and Mauritius.

Julien is a professionally qualified accountant (FCCA), a Certified Internal Auditor (IIA USA), holds a MSc in Management from the University of Surrey and an International Certificate in Risk Management (ICRM) from the Institute of Risk Management (IRM) in London.

Johanne How

Johanne How, ACA

Senior Manager

Johanne has been with PwC for over 10 years and specialises in the audit of local and foreign companies with operations linked to the telecommunication, manufacturing, and hospitality industries. She has been on several overseas secondments, namely with the Technology practice of PwC US in San Jose and with PwC Luxembourg. 

Johanne is a Member of the ICAEW (Institute of Chartered Accountants in England and Wales).

Raj Ghunowa

Raj Ghunowa, FCCA

Senior Manager

Raj Ghunowa is a Senior Manager and has more than 12 years of professional experience with the firm. He services a portfolio of clients from various industries such as retail, telecommunication, manufacturing, banking and Global Business, amongst others. Raj has also been on overseas secondment with the Assurance practice of PwC South Africa. 

Raj is a Fellow Member of the Association of Chartered Certified Accountants. 

 

 

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