KPMG in Belgium provides expertise on adapting to changes in IFRS financial reporting standards. [1] The IASB is working on numerous projects that have resulted in new standards and interpretations. [2] Organizations should start preparing now for upcoming changes, as it can be difficult to collect necessary data at implementation. [3] KPMG offers training sessions on IFRS developments led by experts, covering core standards, industry-specific workshops, and customized in-house workshops.

1. kpmg in belgium
The changing
world of IFRS
How can kpmg’s expertise help you
succeed in adapting to the changing world
of financial reporting?
kpmg.be

2. iFRS standards are continuously evolving. As new
standards are released, old standards are adapted
and new interpretations made. This makes it crucial
for organizations to stay up-to-date on the latest
developments.
The iASb has been working on a number of projects,
including revenue recognition, leases, joint ventures,
presentation of financial statements, consolidation,
liabilities, emission trading schemes, impairment of
financial instruments and hedge accounting. This has
resulted in new, or amended standards and interpretations
as well as many exposure drafts. most of these are
expected to become effective for annual periods starting on
or after January 1, 2012 or January 1, 2013.
This may seem far in the future, but one of the fundamental
principles of iFRS is adopting many of its requirements
retroactively, including restated comparative figures. moreover,
the amended iAS 1 presentation of Financial Statements requires
a comparative statement of financial position from the beginning
of the earliest comparative period, whenever an entity applies an
accounting policy retroactively.
This is reason enough to start preparing for the upcoming changes
now, since it can be very difficult to collect all the necessary data
at the time the new standards become effective. Adapting systems
to allow for data collection can also be time consuming. The sooner
entities start the process, the more time they will have to find and
resolve any problems.

3. The purpose of the iFRS institute is to offer you clear direction and an
explanation of the game’s new rules, as well as the impact of the latest
developments and the upcoming changes. To that end, kpmg’s iFRS institute
CoRe iFRS
in belgium organizes a wide range of iFRS training sessions that are designed
to meet your needs and concerns. All our training sessions are practical:
moduleS
they include case studies and are led by kpmg experts with many years of The core iFRS training offers you insight to nearly all the iFRS standards and
hands-on experience with the application of iFRS. All at competitive prices, interpretations that are currently applicable for preparing financial statements
you can choose from among the following types of courses: and any upcoming changes to those standards. The material has been
grouped in various half- and full-day modules. This allows you to pick and
choose the most relevant topics for your business.
CoRe iFRS please find below an overview of the available Core iFRS modules and
moduleS updATe training dates:
Basic principles of IFRS Tues. may 3, 2011 09.30-12.30
induSTRy - SpeCiFiC CompAny - TAiloRed
iFRS woRkSHopS ‘in - HouSe’ Revenue Recognition Tues. may 3, 2011 14.00-17.00
iFRS woRkSHopS Asset recognition & measurement Thur. may 5, 2011 09.30-17.00
Leasing Tues. may 10, 2011 09.30-12.30
Provisions and employee benefits Tues. may 10, 2011 14.00-17.00
Financial instruments for corporates Thur. may 12, 2011 09.30-17.00
IFRS for groups – accounting issues Tues. may 17 2011
, 09.30-17.00
IFRS for groups – disclosures Thur. may 19, 2011 09.30-12.30
Income taxes Thur. may 19, 2011 14.00-17.00
Differences between IFRS and US
Tues. may 31, 2011 09.30-17.00
GAAP
For more details on the topics covered in each of the modules, please visit
www.kpmg.be > kpmg’s iFRS institute banner.
• Fee:
price per participant: euR 300 per half day - euR 500 per full day
The sessions include training material, case studies and lunch during the full days
• Location: • Language:
At a kpmg facility near brussels The training sessions will be conducted
in english

4. induSTRy-SpeCiFiC
iFRS woRkSHopS
kpmg’s iFRS institute in belgium will organize a first series of industry-specific
iFRS sessions in June 2011 to introduce you to the proposed new standards,
which may affect your industry. These sessions will provide you with an
understanding of the applicable discussion papers, exposure drafts and newly
released standards, along with topical discussions on industry-specific issues.
please find below an overview of the available industry-specific iFRS training
days in June:
iFRS FoR Tues. June 7 2011
, 09.30-14.00
ConSTRUCTIon
AnD REAL ESTATE
This workshop will examine the most relevant iFRS standards currently applicable
to this sector and the proposed requirements of the exposure drafts concerning
revenue and leasing, with an additional look at their potential impact on construction
and real estate companies. other sector related topics will be briefly presented by
kpmg specialists during lunch.
iFRS updATe
iFRS FoR Thur. June 9, 2011 09.30-14.00
TRAnSPoRT AnD
LoGISTICS
during our one-day iFRS update session, we will guide you through the new
requirements for 2011 and help you prepare for the changes expected in This workshop will deal with the most relevant iFRS standards currently applicable
2012-2013. to this sector and the proposed requirements of the exposure drafts regarding
joint arrangements, revenue and leasing, with an additional focus on the potential
impact for transport and logistics companies. other sector related topics will be
iFRS update Thur. June 16, 2011 09.30-17.00 briefly presented by other kpmg specialists during lunch.
• Fee:
• Fee: euR 500 per participant
euR 500 per participant (free of charge for kpmg clients) The sessions include training material, case studies and lunch
The update session includes training material, case studies and lunch
• Location:
• Location: Construction and Real Estate: At a kpmg facility near brussels
At a kpmg facility near brussels Transport and Logistics: At a kpmg facility near Antwerp
• Language: • Language:
The training sessions will be conducted in english The training sessions will be conducted in english

5. CompAny - TAiloRed
in - HouSe iFRS woRkSHopS
organizations can tailor the iFRS training to their specific needs and interests
by combining any of the available modules in half or full training days.
we will develop a tailored training program that incorporates topics ranging
from basic training modules to more advanced and industry-specific modules
covering aspects most relevant to your business.
• Fee:
Fixed price per (half) day up to 10 participants
euR 2,000 for half a day/euR 3,500 for a full day
This includes a preliminary meeting to determine the program, training
material and case studies
• Location and timing:
These workshops can be organized at your premises on a date convenient
for your organization.
• Language:
The workshops can be conducted in english, dutch and French.

6. RegiSTRATion FoR moRe inFoRmation
you can register for the iFRS training sessions:
Filip de Bock gilbert Bombaerts
partner director
by completing the on-line registration form on www.kpmg.be (by clicking
kpmg bedrijfsrevisoren/Réviseurs kpmg bedrijfsrevisoren/Réviseurs
on kpmg’s iFRS institute banner)
d’entreprises d’entreprises
by sending an e-mail to be-fmifrsinstitute@kpmg.com e-mail: filipdebock@kpmg.com e-mail: gbombaerts1@kpmg.com
Tel.: + 32 3 821 18 28 Tel.: + 32 2 708 42 03
aBout Kpmg’S iFRS inStitute
patouche Van Staaij mieke Vanmarcke
The belgian kpmg iFRS institute provides information and resources Senior manager Senior manager
that give management added-value insight and access to various thought kpmg bedrijfsrevisoren/Réviseurs kpmg Advisory
leadership platforms that scrutinize the evolving international financial d’entreprises
e-mail: mvanmarcke@kpmg.com
reporting framework. e-mail: pvanstaaij@kpmg.com Tel.: + 32 2 708 43 74
Tel.: + 32 3 821 18 38
As a result of integrating our multidisciplinary approach with extensive,
practical knowledge in various industrial sectors, the courses offered by
kpmg’s iFRS institute can assist companies in belgium and internationally in
understanding and applying iFRS to their specific circumstances.
our website contains the latest news and publications, the training programs
we offer and the assistance we can provide.
www.kpmg.be > kpmg’s iFRS institute banner
e-mail: be-fmifrsinstitute@kpmg.com

7. © 2011 kpmg Support Services, a belgian economic interest grouping (“eSV/gie”) and a member firm of the kpmg
network of independent member firms affiliated with kpmg international Cooperative (“kpmg international”),
a Swiss entity. All rights reserved. printed in belgium.