International Financial Reporting Standards for Banks

Any entity, financial and non-financial, could have significant changes to its financial reporting as the result of this IFRS 9 standard. Therefore, this course covers the most significant changes that IFRS 9 introduces, explaining the new requirements and their practical implications.

Provide attendees detailed, advanced IFRS knowledge with practical application in the banking industry.

Introduction to IFRS

• Introduction

  • IFRS Portfolio concepts

  • FVTPL (Trading and FV Option) (IFRS 9)

  • FVOCI (IFRS 9)

  • Amortised Cost (IFRS 9)

• IFRS 9 Solely Payments Principal and Interest

• Introduction to Hedging (IFRS 9)

  • Fair Value

  • Cash Flow

  • Foreign Investment Hedge

  • Portfolio Hedge of interest

• Introduction to IFRS Financial Statements (IFRS18, IFRS 7)

  • Balance Sheet

  • Profit and Loss

  • Off Balance Sheet

  • Cash Flow / Equity

  • Introduction to Disclosures

• Credit Products (IFRS 9)

  • Loans

  • Off Balance Sheet products

  • Fees

  • EIR Examples (IAS 18)

  • Leases (IFRS 16)

• Impairment (IFRS 9)

  • General Concepts

  • Level I

  • Level II

  • Level III

  • Leases, Receivables and POCI

• Basel II/III and IFRS

  • Differences

  • Collateral values

  • Spreading and Optimising

• IFRS 9 Disclosures (IFRS7)

• IFRS 18 Financial Statements (IFRS18)

  • Mandatory sub totals

  • Enhanced structure

  • Management defined performance measures

Non-current assets held for sale (IFRS5)

• Investment Property (IAS40)

• Plant Property and Equipment (IAS 16)

• Non-current assets HFS (IFRS 5)

• Disclosures (IFRS 5)

Question & Answer session

Finance/Accounting/Controlling Middle Managers and Credit Department Heads. The presentations may also be of interest to Risk Managers, Senior Management or Internal Auditors.

The standard duration of this course is 3 days. However, upon request, a fourth day can be added with the following content:

Net present value of cash flows

• Fair Value
• Discounting
• Impairements

Regulatory Reporting (based on European model-FINREP)

Financial and Reporting Data Warehouse