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.
Sessions already delivered
- 27 Apr 2018: IFRS Update - Management Companies
- 30 May 2018: IFRS Update - Retail, Manufacturing and Consumer Industries
- 22 Aug 2018: IFRS Update - Hospitality Industry
- 17 Oct 2018: Integrated Reporting
- 29 Oct 2018: IFRS Update - Insurance Industry
- 22 Nov 2018: IFRS Update - Telecommunications and Media Industries
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
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
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: Olivier Rey, Michael Ho Wan Kau and Johanne How
Venue: Hennessy Park Hotel, Ebène
17 Oct 2018: Integrated Reporting
At PwC, we’ve always believed in the benefits of Integrated Reporting <IR>. As pioneers of its implementation in Mauritius, we are proud to see its adoption by several blue chip listed entities. In the context of our IFRS Programme which focuses on financial reporting, we are holding a special workshop on <IR>.
We will dive into the <IR> Framework Guiding Principles and Content Elements by drawing on insights gained from our Corporate Reporting Awards event and our experience in assisting clients on their <IR> journey.
This session will also include highlights of the latest developments and numerous initiatives happening around <IR> globally.
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About Integrated Reporting <IR>
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.
Tutor: Olivier Rey
Venue: Hennessy Park Hotel, Ebène
29 Oct 2018: IFRS Update - Insurance Industry
The new requirements of IFRS 17, Insurance contracts will be discussed. At the end of this session, participants will be able to understand the implications of adopting IFRS 17 and assess its impact on their businesses.
In this interactive session, our two trainers from PwC Kenya will be using real-life examples to elaborate on the challenges of adopting IFRS 17. They look forward to sharing their insights, obtained from working with several insurance companies across Africa.
Tutors: Gauri Shah, Akinyemi Awodumila
Venue: Labourdonnais Waterfront Hotel, Port-Louis
Course Fee:
Course fee per participant: Rs 12,500 per participant
Group course fee: Rs 11,500 per participant for a group of 6 persons per entity
Time:
10am - 4.30pm
(including tea breaks and lunch)
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
Workshop Details
| Date | See in session details |
Time
|
8.30am - 4pm 10am - 4.30pm |
| Venue | Hennessy Park Hotel, Ebène; Labourdonnais Waterfront Hotel, Port-Louis (Check session details for exact venue) |
Cost
|
Course fee per participant Group course fee 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, 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 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, 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, 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, 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, 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, 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, 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.
Akinyemi Awodumila, ACCA
Akinyemi is a Associate Director at PwC within the Capital Markets & Accounting Advisory Services (CMAAS) Group
As part of his role, Akinyemi provides accounting technical advisory services to a wide range of clients on the implementation of complex IFRS and IPSAS issues. During a four year secondment to PwC Johannesburg, he gained experience working with JSE listed entities.
Akinyemi has also advised Nigerian, Kenyan and South African entities extensively on the adoption of IFRS and IPSAS. He is a member of the PwC global Revenue and Financial Instruments topic team. Akinyemi is involved in PwC's corporate governance and Integrated Reporting activities.
Akinyemi holds a Post Graduate Diploma in Integrated Reporting from the University of Pretoria and a Bachelor of Science degree in Engineering Physics – Nuclear Physics from OAU lfe. He is a member of the Association of Chartered Certified Accountants (ACCA) and ICAEW IPSAS certified.
Gauri Shah, FIA
Gauri leads our Actuarial practice for the East Market area. She has 14 years of consulting experience in the Financial Services sector, 10 of which were with PwC UK. Gauri is an IFRS expert and chairs the industry IFRS Working Party for The Actuarial Society of Kenya. Her experience spans supporting clients on strategy development, Enterprise Risk Management, Solvency & Capital Management and transactions. During her time at PwC she also led projects within the banking, oil and gas, and healthcare sectors and the public sector. Gauri is a Fellow of the Institute and Faculty of Actuaries, UK; qualified 2007.
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