IFRS 9 follows a logical, principles-based approach to the measurement of financial assets based on the structure of the business model and nature of cash flows. The forward-looking impairment model urges timely recognition, and continuous assessment of credit losses. The hedge accounting requirements are principles-based and aligned to common risk management practices. This workshop provides an in-depth analysis of principles in IFRS 9. The workshop has numerous examples and illustrations to explain the business model and cash flow characteristics test for classification of financial assets, amortized cost and fair value measurement of financial assets and financial liabilities, de-recognition of financial assets (retained servicing, continuing involvement etc.), hands-on knowledge on calculating of expected credit losses (ECL), along with high-level training on estimating Probability of Default (PDs), and finally the accounting and implications of using different types of hedges on financial statements. The workshop is designed to help preparers and users of financial statements to evaluate the impact of IFRS 9 implementation on the financial statements.
Apply the principles for classification, measurement, and initial recognition of financial assets
Apply the expected credit loss (ECL) model and calculate impairment losses for financial assets
Compute the effective interest rate and apply the effective interest method for measurement of financial instruments at amortized cost
Understand the principles of fair value measurement in IFRS 13
Comprehend the accounting for derivatives and embedded derivatives
IFRS 9 in a nutshell Classification and Measurement Expected Credit Loss (ECL) Hedging
Fair Value through - FVTP (Previously Trading investments)
Fair Value through Other Comprehensive Income
FVOCI (Previously Available for Sale investments AFS) Amortized Cost (Previously Held to Maturity Investments -HTM)
De-recognition of financial liabilities
Expected Credit Loss (ECL)Staging
IFRS 9 Guidelines and Awareness
IFRS 9 Policy
IFRS 9 Infrastructure
Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.
We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.
Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.
Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.
We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.
Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.