E-Learning_online IFRS

GID 20000-IFRS 9 For Financial Instruments Workshop (2 Days): On Demand Via Live Webinar

£2,100.00 £1,400.00

GID 20000 #IFRS9 For #Financial #Instruments Workshop (2 Days): On Demand Via Live Webinar

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Course Introduction

IFRS 9 For Financial Instruments

Financial accounting under the International Financial Reporting Standards (IFRS) has a significant impact on all the industry groups. The International Accounting Standards Board (IASB) has substantially overhauled the accounting rules for financial instruments, which has deeply transformed the financial statements of financial and non-financial institutions. Leaders of internationally operating financial institutions factor these prospective changes into their plans today, recognizing the value of planning ahead and the needs to competitively position the organization for the future.

In this forward-looking training course, you will get an in-depth hands-on learning experience to understand the accounting of financial Instruments under IFRS 9 which has become effective from 1 January 2018.  The IFRS 9 has replaced the IAS 39 and impact the following key areas:

  • Classification and Measurement
  • Impairment Methodology
  • Hedge Accounting

The deepening integration of the key finance-related functions, from strategy and planning, through to Risk, Finance and Treasury mean that IFRS 9 will have a widespread impact across the business.  The primary impact on your overall business model and financial reporting functions will, however, arise from the changes to the Impairment Methodology.  Therefore, most organization are up against the time and have to make sure that their resources have the required knowledge and strategic understanding to deal with the implementation of IFRS 9.

The instructor will share his views and experience on the development and direction of IFRS 9, differences between the existing and modified approaches and emerging challenges for the industry.  The instructor will also discuss the implementation road map to these accounting standards and the implications these standards have for your business.

Join us for this comprehensive new walk-through of IFRS 9 framework to help your organization remain current in its knowledge and practice of the latest international accounting standards.

The Program will answer questions such as

  • How to achieve the amortized cost criteria for financial Instruments (FI) under IFRS 9?
  • How to apply the Business Model test and SPPI (Solely Payment of Principal Interest) criteria on the existing portfolio?
  • When to use the fair value through OCI category (FVOCI)?
  • How to account for unquoted equity Instruments and hybrid instruments?
  • How to account for Own Credit Risk and accounting mismatches?
  • Can we change the classification and measurement of FIs under IFRS 9?
  • Impairment: Incurred loss vs. expected credit loss model?
  • How to apply the new expected credit loss model?
  • What will be the impact on my impairment allowance?
  • How to apply the expected credit loss model to trade receivables, financial guarantees, and revolving credit facilities?
  • How can hedge engineering work to achieve better results?
  • What are the hedge accounting documentation requirements?
  • How is hedge effectiveness designed and tested?
  • How can ‘hidden’ derivatives be identified?
  • When do hybrid instruments need to be separated?
  • What are the principal similarities and differences between US GAAP and IFRS in the area of derivatives and hedge accounting?

Instructor Bio

Our trainers have specialist knowledge and first-hand experience of implementing the International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), Risk management strategies, Management practices, Compliance matters such as Basel regulations, Solvency II, Anti Money Laundering regulations and number of other evolving regulatory matters. This ensures an engaging and stimulating learning experience for professionals and senior executives, helping to ensure knowledge is retained.
They understand the accounting and regulatory requirements, risk environment, industry issues and challenges, risk management strategies, financial reporting & disclosure requirements, and compliance environment. They impart their knowledge using real-life industry examples, simple and user-friendly presentation of important concepts/approaches and case studies.  Here’s your chance to get to know some of our faculty members and thought-leaders in their fields.

Course Description

IFRS 9 and challenges ahead

  • Introduction;
  • IASB Time Line and latest amendments/discussion

 Classification of Financial Instruments

  • IAS 39 Categories vs. IFRS 9 categories;
  • Measurement Criteria under each category;
  • FVOCI Category for equity instruments and Challenges;
  • FVOCI for Debt instrument and issues
  • Business Model;
  • Characteristics of a Financial Asset test;
  • Accounting of Hybrid instruments/Embedded Derivatives;
  • Reclassification
  • Transition Challenges and impact
  • Examples and Group Case Studies

 Financial Liabilities

  • Categories for Financial liabilities;
  • Hybrid instruments;
  • Bifurcation of embedded derivatives;
  • Accounting of Own Credit risk;
  • Accounting of CVA/DVA
  • Issues and Challenges;
  • Examples and Case Studies

Impairment of Financial Assets – (Incurred loss model vs expected loss model) 

  • Financial assets measured at amortised cost
  • Existing incurred loss model
  • proposed expected cash flows model/three bucket model
  • Application of impairment model
  • Emerging issues and challenges
  • Emerging issues and challenges ahead
  • Road map to expected loss model

General Hedge Accounting

  • Aligning hedge accounting with risk management
  • fair value and Cash flow hedges
  • Hedged items and Hedging instruments
  • Qualitative and Quantitative effectiveness
  • rebalancing the hedge relationship
  • de-designation
  • Simpler and flexible hedge accounting framework
  • Examples and Group Case Studies

 Questions & Answers

Why you must attend?

Why you should attend?

In July 2014, the International Accounting Standards Board (IASB) has issued the final version of IFRS 9, which combines classification and measurement, the expected credit loss impairment model and hedge accounting. The standard will eventually replace IAS 39 and all previous versions of IFRS 9.  Financial assets are measured either at amortised cost or fair value through other comprehensive income based on both the entity’s business model and the financial assets’ contractual cash flow characteristics.  Application is required for annual periods beginning on or after 1 January 2018.

The IASB had kept the implementation date from 2018 primarily due to the fact that the banking industry had asked for 3 years’ time to implement the IFRS 9.  The implementation of IFRS 9 takes approximately two years considering the following challenges:

  • Size and complexity of the necessary changes to systems and processes;
  • Volume/Quality of data required;
  • Adoption of new classification and impairment models;
  • Impact on the capital;
  • Pool of skilled resources required for the implementation;
  • Interaction with the regulatory impairment and capital requirements; and
  • Market expectations in relation to the accounting, regulatory and taxation impacts in advance of the final standard coming into force”.

Therefore, this course shall provide you a good insight into IFRS 9 and implementation challenges to ensure that you are in a position to take an informed decision.  We have designed this course to give you all the required knowledge, skills and experience to deal with these challenges. We have one of the best and experienced faculties in the world with over 15 years of experience in implementing IFRS in the UK and also in other jurisdictions. This is an instructor led course for professionals (beginners to expert level) who want gain a complete and in-depth understanding of the new IFRS 9. This IFRS 9 course has been designed to be highly interactive and practical to provide exhaustive learning of conceptual and practical issues for those who are looking to sharpen their skills and knowledge about accounting of financial instruments.

Who should attend?

  • Chief Financial Officers & Finance Directors
  • Accountants / Financial Controllers
  • Corporate finance function
  • Finance, tax managers/executives
  • Treasurer
  • Analysts
  • Budget Officers / Forecasting Specialists
  • Fund Managers and Investors
  • Strategic and Financial Planners
  • Private Equity and M&A Specialists
  • Investment Bankers/ Merchant bankers
  • Corporate Bankers
  • Auditors
  • Risk managers, Regulators, Academicians and Accountancy students
  • Derivative sales executives

Feedback

All delegates will receive an evaluation questionnaire upon completion of the course. The feedback from these questionnaires allows Shasat to conduct trend analysis and continuously approve the quality of its learning solutions

Venue & other info

Joining Instructions

We will send you the joining instructions with venue details at least 2 weeks before the commencement of the training program.

Sponsorship Opportunities

If you are seeking to profile your products, expertise and experience then Shasat will endeavour to assist your business objectives with opportunities such as:

  • Brand exposure

Targeted brand awareness and the association of your company with this area of expertise.

  • Thought leadership

Present your expertise to a targeted group of industry leaders.

  • Product demonstrations

Exhibit your products to new prospective clients already attending this conference.

Networking

We will provide you with a platform to meet face to face with a room full of potential clients and exhibit the benefit of your services. For more information on how Shasat can help you meet your marketing objectives, Contact our customer service team at info@shasat.com

Data protection

The personal information which you provide to us will be held by us in our database. You agree that Shasat (UK) Limited may share this information with other companies in the Shasat Group. Occasionally your details may be made available to selected third parties who wish to communicate with you offers related to your business activities. If you do not wish to receive these offers please contact the database manager at: info@shasat.com

For more information about how Shasat (UK) Limited use the information you provide please see our privacy policy at: https://shasat.co.uk/legal/privacy-policy.   If you do not wish your details to be available to companies in the Shasat Group or selected third parties, please contact the customer service at info@shasat.com.

Payment

In order to book this course, you can either make the payment online through our website or you can opt to make the payment via bank transfer/Demand draft/Cheque payment. Our payment web page will give you all the necessary options at the time of check out. Should you face any difficulty, please do not hesitate to contact us with your selected course and we will be happy to guide you through the payment process. Registration will be confirmed upon receipt of payment only.

CPD hours

Each participant will be issued a training certificate which will certify that you have successfully completed the training course and the number of hours you spent to complete this training course.

Group discount

You must enrol at least three participants in this program to obtain this special price.  We will offer additional 10% discount provided you enrol 6 or more participants. Please contact our customer services desk at info@shasat.com to discuss further on how to obtain a group discount code.

Enquiry

Please contact our Customer Service for further assistance at info@shasat.com

In-House Training

Besides our wide range of public courses, we are proud to offer our In-house training services to our Global clients. This form of training is tailored to meet your business needs and also an effective way of training your teams which saves time and money and will improve the productivity of your employees, making your business more competitive. If you would like to run this course an In-house course in your organisation with necessary customization to suit your needs then please contact us today to discuss this further.