IFRS 9 Financial Instruments has been effective for periods beginning on or after 1 January 2018 and replaced IAS 39 Financial Instruments: Recognition and Measurement. It has a logical, principles-based approach to classification of financial assets based on the business model and nature of cash flows. The forward-looking impairment model requires timely recognition, and ongoing assessment of expected credit losses. The hedge accounting requirements are principles-based and aligned to common risk management practices.
This two-day course provides an in-depth analysis of IFRS 9 to enable participants to apply the accounting requirements for financial instruments. There is extensive use of examples and case studies to explain the application of the standard.
Who Should Attend?
The course is useful for preparers and users of financial statements of banks and similar financial institutions, and corporates, in particular those dealing with financial instruments:
- Finance Staff
- Treasury Staff
- Operations Staff
- Risk Management
- IT or Compliance Departments
- Regulatory Staff
- IT Staff involved with change/transformation
- A basic understanding of financial statements under any GAAP is a pre-requisite.
To enable participants to obtain an in-depth understanding of the requirements of IFRS 9 as applicable to banks and similar financial institutions, and corporates:
- Classify and measure the financial assets and liabilities, including derivatives and embedded derivatives in accordance with IFRS 9
- Evaluate the principles of fair value measurement in IFRS 13
- Apply the principles in relation to de-recognition of financial assets
- Measure the impairment loss on loans and other financial assets under the expected credit loss model in IFRS 9
- Apply the hedge accounting model in IFRS 9 and learn how it is aligned to common risk management practices compared to IAS 39
- Review the quantitative and qualitative disclosures for financial instruments required by IFRS 7