Consolidation for Asset Managers Objective Benefits of attending Asset managers:

PwC’s Academy
Consolidation for Asset Managers
Asset managers:
Are you informed on the recent
FRS 110 developments?
Objective
Benefits of attending
Provide participants with an
in-depth understanding of
the consolidation standards
as applicable to asset
management industry.
The recent consolidation standards can result in benefits and possible
pitfalls to those in the asset management industry including hedge funds,
private equity, real estate and retail fund houses.
Who should
attend?
Finance team of asset
managers and related
service providers
This course aims to equip participants with a comprehensive
understanding of the accounting standards and the recent ‘investment
entities’ exemption to FRS 110. Our trainers, practicing professionals in the
financial service industry, will also share the various fund structures often
entered into by funds and the consolidation issues/challenges.
Through the workshop, participants will:
• Learn the key differences between FRS 27 and INT FRS 12 versus FRS
110 – understanding how these differences could change the conclusion
on the structures examined
• Trainers will share key trends and observations in the asset
management industry
• Understand the basic concepts around control, significant influence
and joint venture
Learning is achieved via theory, real-life examples and case studies.
PwC’s Academy
Workshop agenda - Half-day workshop
Workshop time: 9:00am to 12:30pm
Registration starts at 8.30am
 Key differences between FRS 27 and INT FRS
12 versus FRS 110
 Impact of FRS 110 on asset managers:
demonstrating the differences before and after
application of FRS 110 through case studies:
•
Agent/principal concept
•
Remuneration and variable returns
•
Substantive rights of others
 Impact of FRS 110 and “investment entities”
exemption on funds
•
Impact to REITs: the sponsor, asset
manager and fund
•
Should funds consolidate or fair value
their investments in SPVs?
 Case study: Examining how the differences
could change the conclusion on the structures
examined
 Sharing key trends and observations in the
asset management industry
Registration fee
PwC Clients & Alumni: S$380 (Includes 7% GST)
Public: S$480 (Includes 7% GST)
How to register
Register your interest by contacting us via email
at [email protected] or visit our website
at www.pwc.com.sg/academy. For other enquires
call Ms Siti or Maimunah at (65) 6236 3957/3.
A complete calendar of training courses can also
be found on the website.
Contact us
PwC Singapore – The Academy
Email: [email protected]
About the workshop leaders
Armin Choksey
Senthilnathan Sampath
Director
[email protected]
Deputy Head – Accounting Advisory
[email protected]
Armin is a Director in FS Assurance in PwC
Singapore with over 11 years of Investment
Management Industry experience of performing
audits under US and International Auditing
Standards, experiences with Indian, Hong Kong,
Canadian, US, Luxembourg and International
Financial Reporting Standards for investment funds.
Armin has intimate knowledge of the current
investment market space and investment strategies
and products and has extensive international
experience working in India, United States of
America, Europe and Singapore.
Senthilnathan is the Deputy Head of the Accounting
Advisory team in PwC Singapore. He has extensive
practical experience across complex IFRS financial
reporting, with a focus in financial services industry.
He serves as the key technical director for a number
of assurance engagements in the financial services
sectors: banks, insurance companies and fund
managers. He also performs various trainings on
current accounting topics, and has experience
designing and managing highly participative
program of IFRS training.
Trainer's involvement in the workshop is subject to availability and PwC reserves the right to appoint the most appropriate trainer.
2016 PricewaterhouseCoopers Risk Services Pte. Ltd. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP, which is a member firm of
PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.
PwC’s Academy
Registration Form
Consolidation for Asset Managers
Fees: PwC clients/alumni - S$380 • Public - S$480
Please register the following person/s for the workshop on
□ 19 April 2016
□ 22 September 2016
1.
□ 13 December 2016
Name: Mr/Ms/Mdm ……………………………………………… Designation: …………………………………………….
Email: ………………………………………………………………….. Contact No: ……………………………………………...
2. Name: Mr/Ms/Mdm ……………………………………………… Designation: …………………………………………….
Email: ………………………………………………………………….. Contact No: ……………………………………………...
Contact Person
Name: Mr/Ms/Mdm …………………………………………………… Designation: …………………………………………….
Company: ………………………………………………………………….. Address: ………………………………………………...
……………………………………………………………………………………………………………………………………………………
Email: …………………………………………… Contact No.: ……………………………….. Fax: …………………………….
Enclosed is cheque for S$........... (Cheque no. …………..) made payable to "PricewaterhouseCoopers Risk
Services Pte. Ltd.“.
Registration and Payment
Registrations can be done by telefax at (65) 6236 3300 but will only be confirmed upon receipt of payment and registration form.
Please mail the registration form and payment “PricewaterhouseCoopers Risk Services Pte. Ltd.” at 8 Cross Street
#17-00 PWC Building Singapore 048424 (Attn: Siti/Maimunah ,M&C Dept).
For registration and reservation enquiries, please call Ms Siti or Maimunah at (65) 6236 3957/3 or email us at
[email protected]
In-Company Training
This workshop can be presented on-site at your organisation as an in-house programme.
Please call JJ Namuco at (65) 6236 7497 for more information or email at
[email protected]
Note:
• Fees includes 7% GST, refreshment, lunch and seminar kit
• The venue will be at a dedicated PwC Training Room in the PwC Building (located above Telok Ayer MRT Station) or at a venue
conveniently located above/close to an MRT.
• Cancellation Policy: If you are unable to attend, a replacement is welcome. For cancellation received in writing at least seven (7) days
before the seminar, a full refund will be made. No refund (or full rate will be charged) if a cancellation occurs less than 7 days before the
seminar date. Notice of cancellation must be made in writing to us.
• Certificate of Attendance will be awarded on successful completion of the workshop.
• The organiser reserves the right to change the venue, date and programme due to circumstances outside our control.
Tax deduction
Companies can claim 400% tax deductions or 60% cash payout of total registration fees under the Productivity and
Innovation Credit (PIC) Scheme. Terms and Conditions apply. For more information, please visit the IRAS website at
www.iras.gov.sg/irashome/picredit
© 2016 PricewaterhouseCoopers Risk Services Pte. Ltd. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP, which is a member firm of
PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.