IFRS Principles Applied to UCIs

After completing this course, participants will be able to understand:

• What IFRS are and their use in investment funds
• The major differences between Luxembourg GAAP and IFRS
• How to apply the relevant IFRS standards and prepare or review IFRS disclosures in the financial statements of funds
• The relevant classification and measurement issues of IFRS

• IFRS and investments funds (IASB, IFRS framework)
• Accounting under IFRS: general overview in an investment fund context
• The main issues raised by the conversion from Lux- GAAP to IFRS
• Financial Instruments: Recognition and Measurement
• Financial Instruments: Disclosures
• IFRS for Investment entities - Practice Issues and Hot Topics Amendments to IFRS 10, 12 and IAS 27
• The focus of this course will be placed mainly upon the following standards:
  • IAS 1 Presentation of Financial Statements
  • IAS 7 Statement of Cash Flows
  • IAS 24 Related Party Disclosures
  • IAS 38 Intangible Assets
  • IAS 27 Separate Financial Statements
  • IFRS 10 Consolidated Financial Statements, Amendments to IFRS 10, IFRS 12 and IAS 27
  • IAS 32 Financial Instruments: Presentation
  • IAS 39 Financial Instruments: Recognition and Measurement
  • IFRS 7 Financial Instruments: Disclosures
  • IFRS 9 Financial Instruments (to replace IAS 39 once effective)
  • IFRS 13 Fair Value Measurement