Course description
Mastering IFRS9 for Banks and Financial Institutions
IFRS 9 Financial Instruments has been a significant change to the accounting for financial instruments, in particular for financial institutions. This course will focus on the classification of financial assets and financial liabilities, impairment model based on expected credit losses and provide an overview of the key principles in relation to hedge accounting. We will look at the principles in IFRS 9 and its impact on financial statements. Participants are expected to have a basic understanding of financial statements.
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Suitability - Who should attend?
The course is designed for those who use financial instruments under IFRS or are intending to do so in the future, including accountants, staff working in treasury, internal and external auditors, analysts and other finance professionals interested in improving their understanding of the impact of financial instruments on financial statements.
Outcome / Qualification etc.
Learning outcomes:
- Understand the principles in relation to classification of financial assets and financial liabilities which drives their subsequent measurement
- Identify the key topics in IFRS9, including Regulatory updates
- Evaluate the key changes in principles of accounting for financial instruments
- Analyse the financial and business implications of IFRS9 on banks and other financial institutions
- Appreciate the accounting methodology for embedded derivatives and when they should be separated from the host contract
- Analyze the requirements of expected credit loss impairment model
- Understand the impact of different types of hedges on financial statements
- Analyze the presentation and disclosure of financial instruments in the financial statements of banks and similar financial institutions
Training Course Content
Day 1
- Introduction to IFRS 9
- Classification and Measurement of Financial Assets and Financial Liabilities
- Classification and Measurement of Financial Assets
- Classification and Measurement of Financial Liabilities
- Impairment of Financial Assets
Day 2
- Application of IFRS 9 Impairment Mode
- Hedge Accounting
- Introduction and Background to IFRS 9 Hedge Accounting
- IFRS 9 Updates