International Financial Reporting Standards (IFRS 9)

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.

The objective of this course is to 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 (IAS 1, 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/IFRS 7 disclosures

  • Impairment

  • Other

• Fair Value (IFRS13/IFRS7)

  • Level 1, 2 and 3

  • Disclosures

• Non-current assets held for sale (IFRS5)

  • Financial Instruments (IFRS 9)

  • Investment Property (IAS40)

  • Plant Property and Equipment (IAS 16)

  • Non-current assets HFS (IFRS 5)

  • Disclosures (IFRS 5)

• Question & Answer session

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

Finance/Accounting/Controlling middle managers and Credit department heads.  The presentations may also be of interest to Risk managers, Senior Management or Internal Auditors.