xxxxxx

Our training sessions are tailored to provide the maximum benefit for you, equipping you to effectively and practically apply your learnings in the workplace.

Open minds, change minds IFRS curriculum 2016

www.pwc.co.za/business-school

Understanding IFRS is one thing; however applying it in practice can be complex. The IFRS curriculum of the PwC Business School is designed to help you take on this challenge and will provide you with the insights that you require to successfully apply IFRS in practice.

For whom?

The IFRS curriculum is intended not only for professionals who work in an accounting, reporting or management role, but also for executives and directors of companies who have accounting knowledge and experience.

Your trainers

Your trainers are members of PwC’s Accounting Consulting Services group who assist clients with complex IFRS accounting topics on a daily basis. The group consists of four partners: Dewald van den Berg, Helen Wise, Lihor Spazzoli and Zubair Wadee, each with many years of experience as IFRS specialists. They are supported by a specialist team of passionate IFRS accredited trainers.

PwC | 3

Gauteng curriculum

Our Gauteng IFRS curriculum for 2016 consists of two update sessions of half a day each, and four “principles-to-practice” sessions.

Spring and Autumn Update1

PwC Business School, Sunninghill

• Autumn update – 19 or 24 May 2016• Spring update – 19 or 26 October 2016

PwC Office, Menlyn

• Autumn update – 17 May 2016• Spring update – 18 or 25 October 2016

The autumn and spring update sessions focus on a broad range of topics and provide a high-level overview of the latest developments in IFRS. All newly-issued standards and those that you as the preparers are in the process of implementing will form part of the agenda. In addition, various hot topics from the perspective of preparers, analysts and regulators will be included.

The update sessions will equip you to identify complex areas and understand the potential impact of newly-issued standards on your company. You will also know what investors and regulators are focusing on and where to focus your attention in the next reporting cycle.

Autumn IFRS Update Agenda

• The latest developments from the IASB• Top 10 disclosure reminders• Applying materiality to financial statements• Overview of the new revenue standard • Introduction to the new leases standard• Principles of equity accounting• Assets held for sale• Hot topics.

Spring IFRS Update Agenda

• The latest developments from the IASB• Employee rewards • Presentation of financial statements – impact of the

IASB’s disclosure initiative • Debt/Equity classification• Impairment of non-financial assets• Hot topics.

1Half-day sessions

4 | IFRS curriculum 2016

1) Revenue from contracts with customers (IFRS 15) – 9 June 2016

A practical and interactive session highlighting the five steps of recognising revenue from contracts with customers. We will discuss the additional guidance from the latest amendments and how the new standard impacts on different industries and types of transactions.

2) Accounting and reporting for listed companies – 4 August 2016

Listed companies have a number of unique reporting challenges that include segment reporting, earnings per share, diluted earnings per share, HEPS, disclosures as well as relevant sections in the Companies Act and Listings Requirements. We unpack these requirements and highlight complex areas.

3) Leasing (IFRS 16) – 15 September 2016

“My company does not have operating leases!” – said no-one ever. The new standard will bring all leases on balance sheet by 2019 and will impact on key ratios such as EBITDA. We will talk through the requirements and practically illustrate how this may impact on your organisation’s balance sheet and income statement. We also discuss when leases are considered to be out of scope or exempt from the new reporting.

4) Insurance contracts (IFRS x) – 15 November 20162

We have scheduled this session in anticipation of the new standard being issued towards the end of the year. The insurance industry is an important and increasingly international industry and insurance contracts expose entities to long term and uncertain obligations. Today, the accounting for insurance contracts does not provide users with the information they need to meaningfully understand the insurer’s financial position, performance and risk exposure. In addition, IFRS does not address specific insurance issues and it is not obvious how insurers should deal with these issues under current IFRSs. Consequently, great diversity in the accounting practices of the insurance industry has developed over time.

Topic specific training solutions: Principles-to-practice

These four sessions are topic-specific and take an in-depth look at some of the more interesting and challenging areas of IFRS. In these sessions, we encourage open discussion and debate, while offering practical examples and solutions to common issues. These sessions are designed to help financial accountants and managers apply the requirements of IFRS in their company’s public and statutory reporting. Class sizes are kept at a minimum to ensure our participants receive added value from the interactive nature of the sessions.

2 This session is dependent on the new insurance standard being issued before November 2016

PwC | 5

Other regions3

PwC office, Cape Town

• Winter4 IFRS Update –7 or 8 June 2016• Summer5 IFRS Update – 22 or 23 November 2016

PwC office, Stellenbosh

• Winter IFRS Update –9 June 2016• Summer IFRS Update – 24 or 25 November 2016

PwC office, Bloemfontein

• IFRS Update – 20 May 2016

PwC office, Port Elizabeth

• IFRS for SME Update –24 May 2016• IFRS Update – 27 October or 10 November 2016

PwC office, Durban

• IFRS and tax update – 9 November 2016

PwC office, Pietermaritzburg

• IFRS and tax update – 10 November 2016

The topics covered in the Bloemfontein, PE, Durban and Pietermaritzburg update sessions will include an overview of new and upcoming standards and standards effective for 2016 year-ends. The sessions will also cover various hot topics applicable to the local market and include a VAT and tax update.

What else do we offer?

• Solutions across industries• Short hot topic sessions (hours, days).

CPD

You can earn continuing professional development (CPD) time for each course attended as well through the Business School pages of the PwC South Africa website. Simply complete the CPD assessment that accompanies selected PwC thought leadership publications. As evidence of your completion of any course or of a web-based assessment you will receive a Business School certificate, which you can use to comply with the continuing learning requirements set by SAICA and other professional institutions.

3All sessions are half day 4Autumn and winter agenda will be similar 5Spring and summer agenda will be similar

www.pwc.co.za

©2016 PricewaterhouseCoopers (“PwC”), the South African firm. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers in South Africa, which is a member firm of PricewaterhouseCoopers International Limited (PwCIL), each member firm of which is a separate legal entity and does not act as an agent of PwCIL.

(16-18419)

Accredited training provider

PwC is an accredited training provider. This means that your organisation can claim against its skills development levy for the learning PwC presents.

Information and registration

For information about each of these sessions, registration form or any other training requests or questions please visit our website www.pwc.co.za/business-school.html or e-mail Brenda Knoesen on brenda.knoesen@za.pwc.com.