IFRS 9 Financial Instruments Masterclass

Workshop Overview

IFRS 9 Financial Instruments is effective from 1 January 2018 and replaces IAS 39 Financial Instruments: Recognition and Measurement. It introduces a logical, more principles-based approach to classification and measurement of financial assets based on the business model and nature of cash flows. The new forward looking impairment model requires earlier recognition, and ongoing assessment of credit losses. The hedge accounting requirements are more 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 assess the business and financial implications of the new standard. There is extensive use of examples and case studies to explain the application of the standard.

Major Benefits Of Attending:

By end of this course, delegates will be able to:

  • CLASSIFY and measure the financial assets and liabilities in accordance with IFRS 9
  • ANALYZE the impact IFRS 9 has on classification as per IAS 39, including embedded derivatives
  • 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 more closely to common risk management practices compared to IAS 39
  • UNDERSTAND the IFRS 9 transition requirements
  • REVIEW updates to the quantitative and qualitative disclosures for financial instruments required by IFRS 7

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:

  • Staff in finance, treasury, operations, risk management, IT or compliance departments
  • Chief Financial Officers/ Finance Directors;
  • Accountants / Financial Controllers
  • Financial Reporting Executives
  • Treasurer
  • Budget Officers / Forecasting Specialists;
  • Auditors (internal/External)
  • Merchant bankers
  • Tax Directors /managers
  • Internal and external auditors
  • Regulatory staff
  • Analysts
  • Investment Bankers
  • Corporate Bankers
  • Investment Managers
  • IT staff involved in finance change/transformation

Why you Should Attend?

IFRS 9 crucially requires an entity to recognise a financial asset or a financial liability in its statement of financial position when it becomes party to the contractual provisions of the instrument. At initial recognition, an entity measures a financial asset or a financial liability at its fair value plus or minus, in the case of a financial asset or a financial liability not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition or issue of the financial asset or the financial liability.

Be a part of this WORLD CLASS journey as you will be refreshed on the current changes to the IFRS 9 and you will burn through two days to get an in-depth and hands-on comprehension of the impairment proposition, transitional difficulties, best practices and understanding the effect and uncertain issues. We will review updates to the quantitative and qualitative disclosures for financial instruments required by IFRS 7 and offer our view on the advancement and heading of IFRS.