Arbeitskreis Group Accounting 2015

2nd AKKoRe

"From standard to implementation"

Focus Topics:

IFRS 15 (Revenue Recognition - Replacement of IAS 18 and IAS 11): What impact does IFRS 15 have on the settlement of services with clients and how must the systems for recognizing performance be adjusted? Does the balance sheet requirement lead to changed types of contracts with customers and to changed incentive models? Who determines the actual transaction price as the basis for the calculation and how standardized can this be documented? Which adjustment requirements arise in the various ERP, FiBu and reporting systems?

IAS 17 (Lease / Revised): Who identifies and classifies a lease? Which departments are affected in subsequent process steps and which detail is required? Do processes and systems have to be adapted for this?

IFRS 9 (Financial Instruments / Replacement IAS 39): What changes are made compared to IAS 39? Should any portfolios have to be restructured in order to allow classification in the individual companies? Who carries out the initial classification and who analyzes the allocation of the cash flows of the following years? From the Group to the individual company, what process optimisations can be carried out in order to collect the data uniformly across the Group?

Fast Close: Which steps can be automated from a corporate perspective to shorten the process? Which test routines can be installed in the process and executed parallel to the respective process step? Are there any activities that can be completed before the deadline? How can individual companies be better prepared and supported?

An event of the competence network Group Accounting
The competence network has set itself the goal of anticipating best-practice approaches to new and well-known challenges in Group accounting. With our working group, we have also launched a platform where the experts in Group accounting can communicate at a high level and discuss the challenges in their respective companies. The members are the heads of group accounting, predominantly in large corporations. As a rule, the group consists of about 30 participants with increasing tendency, which are divided into specialist groups and very open and intensively discuss current topics. Requirements are discussed confidentially in small groups of like-minded people, solution options are worked out, risks are identified, and possible implementation programs are developed. The workshops will be moderated and documented by experienced experts.

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