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IFRS 9 Financial Instruments

IFRS 9 Financial Instruments
IFRS 9
IFRS 9 Financial instruments

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.

IFRS 9 Financial Instruments

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.

IFRS 9 Financial Instruments

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.

IFRS 9 Financial Instruments

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
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Course structure

Introduction

  • The need for a new standard
  • Implementation timetable
  • Transition

Classification and measurement

Financial assets

  • Contractual cash flows and the business model test
  • Fair value through profit or loss
  • Financial liabilities
  • Own credit risk
  • Bifurcation

Impairment

  • Expected loss -the new model
  • Three stage model
  • Practical experiences and impact

Hedging

  • Simplifications from IAS 39
  • Hedged items and hedging instruments
  • Rebalancing the hedge
  • Hedge accounting entries

Schedule
Schedule

There are no scheduled dates for this course. Fill out the form to check future dates or deliver the course in-house

Trainers
Frequently asked questions

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