Seminar

IFRS modeling in PFI

Overview

The past few years have seen increasing concerns over inconsistencies in the application of FRS5.  There have been differences in application between central and local government, across sectors, and even between the public and private sector parties to an individual transaction. Central government schemes have often been treated as on balance sheet for the public sector (based on NAO recommendation), whereas local government and NHS schemes have been treated as off balance sheet as guided by the Audit Commission.  Independent accounting opinions for the public and private sectors have caused many schemes to be omitted from the balance sheets of both parties.  It was hoped that these issues would be resolved through the application of IFRS . . . whether this has been achieved has yet to be seen.

In a short seminar at our training center in the City of London on 24 June, Paul Austin will outline some of the issues in IFRS and IFRIC 12 in particular.  He will cover topics on the adoption timetable and process and overview issues for both the public and private sectors. 

Drinks will be served (i.e. you can open yourself a bottle of beer) from 6:00 pm, and the seminar will start at 6:30 pm.  As with the Excel 2007 seminar, space is limited for this free event on a first-come basis.


Sorry, there are no further sessions planned for this event.