IFRIC 12 - Accounting for Concession Contracts (ICPC 01 and OCPC 05)

CFC SCORE: AUD 4, CMN 4, SUSEP 4, ProGP 4, Expert 4, PREVIC 4, ProRT 4

Program:

• Overview.
• Characteristics of public service concessions
• Summary of changes introduced by ICPC 01 (IFRIC 12) and guidance contained in OCPC 05
• Scope and definitions
• Recognition and measurement of the contract by the concessionaire
• Construction or improvement services
• Margin over construction cost
• Consideration given by the grantor to the concessionaire
• operating services
• Contractual obligations to recover the infrastructure at a specific level of operability
• Items provided to the concessionaire by the grantor
• Borrowing costs incurred by the concessionaire
• Exemplary models and accounting
• Practical examples through published financial statements

Target audience: Controllership, accounting and finance professionals, including accountants, auditors, analysts, consultants and other interested parties.