Moments that matter has been saved
Services
Moments that matter
The Brussels IFRS Centre of Excellence
The Brussels IFRS Centre of Excellence provides integrated solutions and specific IFRS services. Below is an overview of the moments that matter, where you could need some assistance in dealing with IFRS complexities.
IPO
- Assisting in IFRS conversion and co-driving towards successful publication of a compliant prospectus
Regulator inspection
- Documenting accounting positions in a formal memorandum
- Assessing the importance of the regulators’ comments on the IFRS financial statements and the magnitude of the changes required
Mergers & acquisitions
- Accounting impacts of a business combination, including identification and fair valuation of assets and liabilities of the acquired/merged entity
- Treatment of contingencies, earn outs and goodwill
- Determining control or significant influence on an acquired entity
New products or transactions
- Revenue recognition according to the 5-Step Model of IFRS 15
Financial instruments
- Use of derivatives - hedging strategies and whether hedge accounting can be applied
- Entering into factoring agreements and other sales of receivables – determining whether the transaction can be off- balance sheet
- Determining fair value of financial instruments
- Determining expected credit losses for receivables and other financial assets
- Issuing new funding instruments such as convertible bonds - classification as debt or equity and impact on covenants and KPIs
Lease contracts
- Accounting treatment as a lessee, including determination of the lease term and the discount rate for the lease liability
- Identification of lease arrangements in outsourcing, take-or-pay and similar contracts
- Whether a new tool should be implemented to manage the number of contracts
- Classification as finance or operating lease and accounting treatment by the lessor
Personnel
- Pension plans – Belgian plans subject to minimum guarantees
- Accounting for a pension liability based on actuarial valuations
- Stock option plans – determining fair value – recognising expense for the plan over the vesting period
Taxes
- Tax disputes and determination of tax liability based on guidance on uncertain tax positions
- Impact of changes in tax laws and on deferred taxes at consolidated level
- Complete overview of the group for identification of temporary differences
Restructuring or Impairment
- When provisions shall be recorded
- Discontinued operations and assets held for sale – how to present
- Discounted cash flow models and important assumptions (growth rate, terminal value, WACC...)
- Possibilities for grouping cash generating units
Reporting KPIs
- Alternative performance measurements
- Segment reporting
- Cash flows presentation
Do you need IFRS experts assistance?
Contact the Deloitte Brussels IFRS Centre of Excellence
Get in Touch
