Introduction

This course provides an in-depth analysis of principles in IFRS 9. The course 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.), measurement of expected credit losses and the accounting and impact of different types of hedges on financial statements. In addition, it covers the financial instruments disclosures in IFRS 7 and principles in relation to fair value measurement in IFRS 13.

The course is designed to help preparers and users of financial statements to evaluate the impact of IFRS 9 on the financial statements

Deliverables:

  • Analyse financial instruments to differentiate between liabilities, equity, or a combination of both
  • Apply the principles for classification, initial recognition and subsequent measurement of financial assets and financial liabilities in IFRS 9
  • Evaluate the principles of fair value measurement in IFRS 13
  • Determine the accounting for derivatives and embedded derivatives
  • Compute the effective interest rate and apply the effective interest method for measurement of financial instruments at amortized cost
  • Apply the derecognition principles to financial assets and financial liabilities
  • Apply the expected credit loss model and calculate impairment losses for financial assets
  • Obtain an overview of hedge accounting and analyse the requirements in IFRS 9
  • Comply with the extensive disclosure requirements of IFRS 7
  • Analyse the impact of COVID-19 on IFRS 9 Application

 

For whom:

  • Financial and management accountants in corporate and financial institutions
  • Staff in treasury, operations, risk management, IT or compliance departments
  • Internal auditors of entities reporting under IFRS
  • External auditors with clients facing the complexities and challenges in adopting and implementing IFRS 9
  • Staff and management of Central Banks, Deposit Insurance Entities, and other agencies with regulatory responsibility in the financial services sector
  • Financial analysts seeking to improve their understanding of the accounting and disclosures related to financial instruments and the changes impending with IFRS 9
  • Professors and other instructors with educational facilities
  • First-time adopters of IFRS, seeking to analyse the implications of adopting IFRS 9 initially for accounting for their financial instruments

Course Features

  • Duration : 2 day
  • Max Students : 1000
  • Enrolled : 0
  • Re-take Course : 0
  • Assessments : Self
Price :
₦ 20,000

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