IFRS 9 Financial Instruments

International Financial Reporting Standard 9 (“IFRS 9”) is the accounting standard replacing IAS 39 Standard for financial instruments and defines the classification, measurements and impairment of financial instruments.

It is designed to make annual reports more meaningful to investors as well as simplify how auditors implement the rules and introduce safeguards to limit credit losses.

In July 2014, after several years of delay, the accounting regulators published the final text of IFRS 9. This combines revised versions of previously published sections with the first publication of the final and most controversial impairment section. IFRS 9 became effective in 2018.

This practical, computer based, 1 day course conducted by an expert with over 20 years of experience from the sector will look at treatment and calculation of different financial ratios under IFRS 9.

Through many case studies and practical examples you will explore the requirements for recognition and measurement, impairment, derecognition and hedge accounting.

Due to the nature of this program participants are required to bring laptops. We can provide one for additional fee.

What Will You Learn:

Through a mix of lecture and case studies, the workshop will equip participants to achieve a detailed understanding of the latest IFRS 9 standard, both for financial assets, liabilities and derivatives, including:

• The classification and measurement of financial instruments
• The new impairment methodology based on expected losses
• The fair value of financial liabilities and deterioration of institutions’ own credit
• The different types of hedge accounting and the recent IFRS changes