Arbeitskreis Group Accounting 2017

5th AKKoRe

"From standard to implementation"

The "Arbeitskreis Group Accounting" has now firmly established itself. It is aimed at the heads of group accounting. On June 29, 2017, he will take place for the fifth time at Frankfurt am Main at THE SQUAIRE.

Topics are expected to be the following:
_Cash Flow Statement
_change scope of consolidation
_CSR - Non-financial reporting
_IFRS 15 & IFRS 16

The participants select their preferred topic in advance and then work intensively in a group and exchange ideas.
The joint work identifies the effects of new standards on processes and structures, derives the necessary measures vertically down to the individual company and uncovers the typical pitfalls of such projects. In an open working atmosphere, everyone should be able to profit professionally and personally.

Focus topics:
1. Cash Flow Statement
The changes in the information initiative (amendments to IAS 7) follow the objective that a company must provide information that enables users of financial statements to assess changes in financial liabilities.
To achieve this objective, the IASB requires that the following changes in leverage be reported as a result of financing activities (to the extent required): (i) changes in cash flows from financing activities; (ii) changes as a result of the acquisition or loss of control of subsidiaries or other entities; (iii) effects of exchange rate changes; (iv) changes in fair value; and (v) other changes.

2. Change in scope of consolidation
On February 23, 2016, the revised standard DRS 23 was published in the Federal Law Gazette. He concretizes the capital consolidation rules and answers numerous application questions of initial, subsequent, exit and transitional consolidation.

3. CSR - Non-financial reporting

4. Corporate Social Responsibility (CSR) - the responsibility of companies for their impact on society: it is about non-financial reporting on workers, social and environmental concerns, respect for human rights and the fight against corruption. This is what the European CSR Directive provides. It must be transposed into national law by 06.12.2016.

5. IRFS 15 and 16
IFRS 15 was issued in May 2014 and is applicable to reporting periods beginning on or after January 1, 2018. On April 12, 2016, clarifying changes were issued that have the same effective date as the standard itself.

IFRS 16 was published in January 2016 and is required to be applied for the first time to financial years beginning on or after January 1, 2019.

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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