IFRS services

IFRS conversions

IFRS services offered by the Brussels IFRS Centre of Excellence.
Preparation and presentation of the information required for the first IFRS financial statements.

Mergers & acquisitions

Identification and fair valuation of assets and liabilities to be recognised; treatment of contingencies and goodwill under IFRS 3.

Financial instruments

Recognition and derecognition of financial instruments, including off-balance character of sales of receivables; identification and measurement of derivatives and commodity contracts; fair value measurement of all types of financial assets and liabilities; effective hedge accounting strategies under IAS 39/IFRS 9; classification as debt or equity under IAS 32; disclosures under IFRS 7; fair value measurement under IFRS 13 and impact assessment of IFRS 9.

Consolidation / deconsolidation

Consolidation / deconsolidation of subsidiaries, joint arrangements and associates under IFRS 10, IFRS 11 and IAS 28.


Identification of lease arrangements in outsourcing, take-or-pay and similar contracts; classification as finance or operating lease and accounting treatment by the lessee and/or the lessor under IAS 17. Impact assessment of IFRS 16, the new leasing standard, including identifying arrangements containing a lease and accounting treatment by the lessee and/or the lessor under IFRS 16.

Employee benefits

Identification and classification of post-retirement benefit plans and actuarial valuations under IAS 19.

Stock option plans

Fair value calculations and accounting treatment under IFRS 2.

Revenue recognition

Revenue recognition according to the 5 Step Model under IFRS 15, the new revenue recognition standard effective as from 1 January 2018, including the disclosure requirements.


Recognition criteria and measurement under IAS 37, including restructuring provisions and onerous contracts.

Specific IFRS information

Related party disclosures under IAS 24; segment reporting under IFRS 8; (diluted) earnings per share under IAS 33; discontinued operations and assets held for sale under IFRS 5, interests in other entities under IFRS 12.

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Thomas Carlier

Thomas Carlier

Partner, Audit

As audit partner, Thomas is heading the Brussels IFRS Centre of Excellence. With more than 15 years of experience in this area, he has gained a deep expertise in financial reporting with a focus on IF... More