The IFRS 16 programme will be delivered by a highly sought after experienced IFRS expert with practical industry experience who is also a dedicated PwC's Academy staff.
The course content is designed and approved by PwC's Academy which is the education arm of one of the world's most prestigious accounting firms.
From 1 January 2018 companies applying IFRS will be required to adopt IFRS 9, an accounting standard which has taken nearly ten years from first draft to implementation, returns to a more prudent approach to impairment with the expected loss model, a business model test for classification and a relaxation of many of the prohibitively complex hedging rules from its predecessor IAS 39. Whilst the financial services sector will see the most significant impact, IFRS 9 implementation will have a significant impact on the all companies with most commentators saying that IFRS 9 is good for corporates. Find out why.
With illustrations and examples, participants will get a high level overview of what is needed to be do before the international financial reporting standard (IFRS) 9 comes into effect in 2018 and how to deal with the changes when it does.
This workshop is ideal for finance professionals in all sectors, especially financial services and qualifies for CPD/CPE credits
By the end of this course, delegates will understand the following:
- How to classify and measure financial assets and liabilities under the new approach and the changes from IAS 39
- How the expected loss model for financial asset impairments is applied, the exemptions and simplifications available to corporates
- Changes to the restrictions contained in IAS 39 for the use of hedge accounting
- The impact on disclosures and the link with fair value accounting under IFRS 13
- Practical implementation issues and solutions
- The need for a new standard
- Implementation timetable
Classification and measurement
- Contractual cash flows and the business model test
- Fair value through profit or loss
- Financial liabilities
- Own credit risk
- Expected loss -the new model
- Three stage model
- Practical experiences and impact
- Simplifications from IAS 39
- Hedged items and hedging instruments
- Rebalancing the hedge
- Hedge accounting entries
There are no scheduled dates for this course. Fill out the form to check future dates or deliver the course in-house