Training on International Financial Reporting Standards (IFRS 9)

About the Course 

IFRS 9 is a new accounting standard published by the International Accounting Standards Board covering the measurement of financial instruments, asset impairment and hedge accounting. IFRS 9 specifies how an entity should classify and measure financial assets and liabilities.

This course is aimed at equipping the participants with the knowledge and skills to understand IFRS 9 and how to adopt the new international accounting practices in financial reporting.

Target Participants

This course is aimed at professionals in the finance and accounting sector.

Course duration

Online

7 Days

Classroom-based  

5 Days

What you will learn  

By the end of this course the participants will be able to:

• Understand the classification and measurement of financial assets and financial liabilities
• Understand and interpret financial statements which contain financial instruments and their impacts
• Account for financial instruments in compliance with IFRS 9 standards
• Understand contracts that embodies both an embedded derivative and a host contract
• Evaluate hedge accounting and how IFRS 9 adopts a more principles- based approach
• Understand the principles contained in the expected credit loss impairment model and analyze its impact on loss provisioning within the financial statements
• Monitor the financial health of companies by taking control of costs and managing risks
• Evaluate transaction accounts affecting current assets and liabilities, non-current assets and liabilities, revenues and expenses in accordance with IFRS 9 standards and procedures
• Apply IFRS 9 in financial reporting

Course Outline 

• Introduction to IFRS 9 financial instruments
• IFRS 9 accounting models
• Initial recognition and de-recognition of financial instruments
• Classification and measurements of financial assets 
• Impairment of financial assets
• Financial liabilities and own credit
• Embedded derivatives
• Hedge accounting
• IFRS 9 implementation guidelines
• Key issues in IFRS 9, transition options, governance and business considerations
• Challenges of implementation of IFRS 9

Training Approach

This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The training uses case studies, interactive and engaging presentations, exercises and real-life experiences.

The participants are provided with the training notes and additional reference materials.

Certification

Upon successful completion of this course, participants will be issued with a Certificate of Course Completion.