Shasat, a renowned name in the realm of financial education and training, has introduced a comprehensive program designed to elevate individuals from novice to expert status in International Financial Reporting Standards (IFRS). This program, aptly titled “From Beginner to Expert: IFRS Mastery in 12 Days,” promises to be a game-changer for financial professionals seeking a deep understanding of IFRS within a concise timeframe.

The Mastering IFRS Program by Shasat is nothing short of an immersion workshop, meticulously crafted to keep participants updated with the latest developments and changes in IFRS. It addresses critical areas, including newly issued accounting standards, IFRIC updates, annual improvement projects, and other indispensable topics related to IFRS.

What sets this program apart is the caliber of its instructors, who boast extensive experience in implementing IFRS across diverse jurisdictions. These seasoned professionals lead participants through a blend of lecture sessions, problem-solving exercises, and case discussions, ensuring that the concepts are not just understood but absorbed in a practical manner.

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Shasat, a reputable name in the world of financial education and training, has unveiled an exciting and timely initiative: the IFRS 16 Leases Workshop. This program has been carefully designed to address the seismic shifts in lease accounting brought about by the IFRS 16 accounting standard, a pivotal change that’s been hailed as the most significant in over 30 years.

With the introduction of IFRS 16, companies adhering to International Financial Reporting Standards (IFRS) are facing a transformative challenge. The longstanding practice of classifying leases as either operating or finance leases has been overhauled. Now, all leases are to be reported on the balance sheet, fundamentally altering the way businesses account for these financial obligations. It’s worth noting that some exemptions still apply, specifically for short-term leases without purchase options or low-value assets.

This shift in lease accounting brings forth an era of enhanced transparency and clarity in financial reporting. Investors will benefit from financial statements that more accurately mirror the economic realities of businesses. This, in turn, simplifies the process of evaluating and comparing companies within the same industry, ultimately supporting more informed investment decisions.

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In a bid to demystify the intricacies of Basel IV, Shasat, a prominent player in financial education and consultancy, has announced an insightful two-day, in-person workshop aimed at clarifying the capital and liquidity requirements under the Basel IV framework, also known as Basel 3.1. This comprehensive workshop is set to provide bankers and financial professionals with a deep understanding of Basel IV and strategies to ensure compliance.

Originally slated for implementation on January 1, 2022, the Basel IV framework’s rollout was postponed to January 1, 2023, due to the global Covid-19 pandemic. However, a recent update has revealed that the EU and UK will adopt Basel IV on January 1, 2025. These regulations, formulated by the Basel Committee on Banking Supervision in 2017, encompass significant changes to global capital requirements, particularly concerning credit risk assessment.

Basel IV introduces measures aimed at standardizing and harmonizing how banks calculate risk, rather than simply increasing capital requirements. These reforms will affect various aspects, including internal risk models, output floors, leverage ratios, credit valuation adjustments (CVA), and operational risk frameworks. The impact of Basel IV is expected to vary across regions due to differences in the utilization of internal risk models by banks.

Shasat’s workshop is tailored to provide a deep dive into the key components of Basel IV, encompassing topics such as the standardized approach for credit risk, the internal ratings-based approach, the output floor, and the new market risk framework. Additionally, the workshop will shed light on liquidity requirements, including the net stable funding ratio and the liquidity coverage ratio, and offer strategies to ensure compliance.

Throughout the program, participants will engage with real-world case studies, practical exercises, and examples to grasp the tangible implications of Basel IV for their respective organizations. The workshop will analyze success stories of banks that have adeptly navigated the new regulatory landscape, identifying crucial best practices.

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