IFRS 9 Financial Instruments

27 Jun - 29 Jun 2022

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Workshop Overview

International Financial Reporting Standard 9 (“IFRS 9”) is the accounting standard for financial instruments, which 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 has become effective in 2018. 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

Program Focus

The course will consist of a combination of presentation of general principles, case studies and discussions. Since the focus of the course is on IFRS, case studies will be used primarily to identify key issues within the operation of these standards.

Benefits of Attending

Delegates will gain a thorough understanding of the current rules with respect to IFRS 9 and how this applies to hedge accounting. Delegates will also appreciate the problems that are likely to be encountered in practice. Delegates will also briefly look at how to obtain fair values for different types of derivatives products and how hedge accounting has changed under IFRS.

Who Should Attend?

Finance Directors
Chief Accountants
Finance professionals and others involved in preparing company financial statements under IFRS
Auditors
Treasury Accountants
Senior Managers