IFRS 9: FINANCIAL INSTRUMENTS

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COURSE OVERVIEW

In this five-day IFRS 9 – Financial Instrument Training Course, participants will delve into the intricacies of International Financial Reporting Standard 9 (IFRS 9), focusing on financial instruments. This course provides a comprehensive understanding of IFRS 9’s requirements, implementation, and impact on financial reporting, equipping attendees with essential skills for navigating the complexities of financial instruments in compliance with global accounting standards.

COURSE OBJECTIVES

By completely attending this course, participants will be able to:

  • Implement and ensure compliance with IFRS 9 requirements in financial instrument accounting.
  • Understand and apply the principles of financial instrument recognition, measurement, and derecognition.
  • Identify and assess risks associated with financial instruments, including credit, market, and liquidity risks.
  • Develop expertise in impairment modeling and assess the impact on financial statements.
  • Understand and apply hedge accounting principles in accordance with IFRS 9.
  • Prepare accurate and compliant financial statements and disclosures related to financial instruments.
accounting notes

TARGET COMPETENCIES

  • IFRS 9 Compliance
  • Financial Instrument Accounting
  • Risk Assessment
  • Impairment Modeling
  • Hedge Accounting
  • Reporting and Disclosures

Business, finance and accounting professionals, senior and junior accountants, business analysts, research professionals, marketing and sales, administrative staff, supervisors, general business professionals

This course demonstrates core principles in business statistics and utilizes Excel in performing modern and creative techniques of financial modeling. Real-life case studies, individual workshops, and team presentations by participants.

 

IFRS 9 COMPLIANCE

  • Ensure understanding and adherence to IFRS 9 requirements.
  • Implement IFRS 9 in financial instrument accounting effectively.
  • Stay updated on IFRS 9 amendments and changes.
  • Handle transition to IFRS 9 seamlessly.
  • Navigate complex compliance issues related to IFRS 9.

FINANCIAL INSTRUMENT ACCOUNTING

  • Understand the principles of financial instrument recognition, measurement, and derecognition.
  • Apply IFRS 9 requirements to various financial instruments.
  • Interpret financial instrument accounting policies accurately.
  • Ensure consistency in financial instrument accounting practices.
  • Prepare financial statements in compliance with IFRS 9.

RISK ASSESSMENT

  • Identify and assess credit, market, and liquidity risks in financial instruments.
  • Evaluate the impact of economic factors on financial instrument risk.
  • Implement risk mitigation strategies for financial instruments.
  • Interpret risk disclosures related to financial instruments.
  • Quantify and communicate risk factors to stakeholders effectively.

IMPAIRMENT MODELING

  • Develop and implement impairment models in accordance with IFRS 9.
  • Assess the impact of impairment modeling on financial statements.
  • Evaluate the reliability of impairment inputs and assumptions.
  • Use impairment models for various types of financial instruments.
  • Communicate impairment results transparently.

HEDGE ACCOUNTING

  • Understand hedge accounting principles and requirements.
  • Apply hedge accounting in compliance with IFRS 9.
  • Evaluate the effectiveness of hedging strategies.
  • Interpret hedge accounting disclosures accurately.
  • Ensure transparency and compliance in hedge accounting practices.

REPORTING AND DISCLOSURES

  • Prepare comprehensive financial statements in compliance with IFRS 9.
  • Structure financial statements to meet industry standards.
  • Present financial instrument disclosures effectively.
  • Use charts, graphs, and exhibits to enhance disclosure clarity.
  • Ensure regulatory and IFRS 9 disclosure deadlines are met.
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