The growing global acceptance of International Financial Reporting Standards (IFRS) as a basis for the preparation of financial statements of large and medium sized entities creates a need for an increasing group of professionals to gain knowledge and experience of these standards.
Even those with a basic understanding of IFRS are required to constantly update their knowledge because of the fast evolution of these standards and the growing experience that practitioners require.
As of 2005, approximately 9000 listed European companies transferred to IFRS reporting. Australia, Canada, China, India, Japan, Malaysia, Russia, South Korea and many other countries are adopting IFRS or have plans to converge their national standards with IFRS.
This two-day course has been designed to provide participants with comprehensive understanding of the IFRS 9 requirements in relation to Financial Instruments.
The course objectives will be met by a combination of lectured sessions covering the key points of the relevant standards with the aid of questions, cases and exercises.
COURSE CURRICULUM DESIGNED FOR
- Chief Financial Officers
- Chief Risk Officers
- Compliance Officers
- Financial Analysts
- Internal Audit Professionals
- Pension Fund Managers
- Portfolio Managers
- Securities Analysts
- Treasury Officers
and to a broader audience who wish to gain insight into International Financial Reporting Standards and its importance for banks.
- Appreciate the current and likely future IFRS reporting requirements for financial institutions
- Resolve critical issues, including accounting for loan losses, property, plant and equipment and fee income
- Calculate the effective interest rates for various financial instruments common to the banking industry
- Utilize model and real-world financial statements illustrating the application of IFRS formats and disclosures for financial institutions
- Understand all standards relating to financial instruments classification, recognition, measurement and presentation, including IFRS 9
- Develop strategies for the initial application of IFRS 9
- Apply the new accounting requirements of IFRS 9 for classification and measurement of financial assets
- Comply with fair value measurement and impairment guidance
- Analyze the anticipated financial statement and systems impact of IFRS 9
- Monitor the IASB’s plans and schedule for future financial instrument revisions
- Identify and plan for other significant changes proposed by the IASB to replace IAS 39
... and more.
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