IFRS 9 Financial Instruments Course

Accounting, Finance and Budgeting Training

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IFRS 9 Financial Instruments Course

Course Overview:

The course, IFRS 9 Financial Instruments, aims to thoroughly train practitioners with respect to recognition, measurement and classification of financial instruments, as well as, derecognition of financial assets and liabilities within the provisions of IFRS 9 plus related treaties such as IAS 32, IFRS 7 and IFRS 13.

Delegates will be able to employ expected credit loss (ECL) model of accounting for impairment provisions, evaluate the effect of IFRS 9 on financial instruments, and grasp the underlying concepts of hedge accounting.

This course also focuses on important terms including issues of the fair value measurement of financial instruments, their presentation and classification as well as some basic concepts of impairment and derecognition.

It suits financial and management accountants, internal and external auditors, meanylovdnalysts, policy makers and regulators, in particular, those who are involved in the process of the IFRS 9 implementation or other similar ones.

Course Objectives:

At the end of this IFRS 9 Financial Instruments training course you will able to:

Consider the three separate IFRS areas regarding accounting for financial instruments
Recognize and measure financial instruments
Understand how to deal with financial instruments that are transferred in full or part, or items that are derecognized
Classify and measure financial assets under the three categories in IFRS 9
Analyze the impact of IFRS 9 on the classification of financial assets, including embedded derivatives
Classify and measure financial liabilities under the two categories in IFRS 9
Evaluate the principles of fair value measurement in IFRS 13
Apply the principles in relation to de-recognition of financial assets
Calculate the impairment loss on loans and other financial assets under the expected credit loss model in IFRS 9
Analyze the estimates and judgments in the expected credit loss impairment model

Who Should Attend?

This IFRS 9 Financial Instruments Course is ideal for:

Financial and management accountants in corporate and financial institutions
Staff in treasury, operations, risk management, IT or compliance departments
Internal auditors of entities reporting under IFRSs
External auditors with clients facing the complexities and challenges in adopting and implementing IFRS 9
Staff and management of Central Banks, Deposit Insurance Entities, and other agencies with regulatory responsibility in the financial services sector
Financial analysts seeking to improve their understanding of the accounting and disclosures related to financial instruments and the changes introduced by IFRS 9
Professors and other instructors with educational facilities
First-time adopters of IFRSs, seeking to analyze the implications of applying IFRS 9 initially

Course Outlines:

IAS 32 Financial Instruments Presentation

ASB standards applicable to financial instruments: IAS 32, IAS 39, IFRS 7, IFRS 9, and IFRS 13
Introduction to IFRS 9
Definition of financial assets, financial liabilities, and equity instruments
IAS 32 Financial Instruments: Presentation – financial liability versus equity instruments, compound financial instruments and offsetting
Interest, dividends, losses, and gains
Offsetting financial assets and liabilities
Statement of financial position
Three impacts

IFRS 9 Financial Instruments

Overview of IFRS 9
A potted history
Timings
Recognition and derecognition
Accounting treatments
Classification and measurement
Two tests
Barnaby Ruffles’ securities
IFRS 9 and impairment
Impairment
Credit Cars’ ECLs
Impacts
Are you up to Standard?

IFRS 9 and Hedge Accounting

Overview of hedging, accounting for different types of hedges and comprehensive
Objectives and scope
Which items qualify as hedges?
Accounting for hedging relationships
Hedging groups of items
Issues with IAS 39 hedge accounting
IFRS 9 hedge accounting model
Hedging instruments
Qualifying criteria
Hedge documentation
Hedge effectiveness requirements
Rebalancing
Discontinuation

Measurement of financial assets and financial liabilities

Initial recognition including treatment of transaction costs
Subsequent measurement (IFRS 9 and IFRS 13)
Debt instruments
Equity instruments
Fair value movements due to changes in own credit risk and reporting it for financial liabilities designated at fair value through profit or loss

Impairment of financial assets