IFRS 9 Financial Instruments
Understanding the accounting for IFRS 9 financial instruments is crucial, as the International Financial Reporting Standards (IFRS) profoundly influence the accounting of financial instruments across all industry sectors. This critical need arises from the International Accounting Standards Board (IASB)’s significant overhaul of the rules for financial instruments. Our two-day, forward-looking IFRS 9 financial instruments workshop offers an in-depth, practical exploration of these changes, effective from 1 January 2018. Despite the standard’s implementation, a wide array of insurance companies and entities in various countries are still in the process of adopting IFRS 9, underscoring the importance of mastering these new requirements.
Also, in May 2022, the IASB added a maintenance project to amend IFRS 9 and IFRS 7 in response to the post-implementation review. In October 2022, the IASB tentatively decided on additional amendments for the derecognition of financial liabilities through electronic cash transfers and disclosure requirements for equity investments under the fair value option.
This workshop will cover the following key areas of IFRS 9:
- Classification and Measurement
- Impairment Methodology
- Hedge Accounting
As IFRS 9 has a widespread impact across the business due to the deepening integration of key finance-related functions, it is essential to understand the primary impact on your overall business model and financial reporting functions. The changes to the Impairment Methodology are significant, and most organizations are under time constraints to ensure their resources have the required knowledge and strategic understanding to deal with the implementation of IFRS 9.
The instructor for this workshop will be sharing their views and experience on the development and direction of IFRS 9, differences between the existing and modified approaches, and emerging challenges for the industry. Additionally, the instructor will discuss the implementation roadmap to these accounting standards and the implications they have for your business.
Join us for this comprehensive two-day workshop on IFRS 9 framework to remain current in your knowledge and practice of the latest international accounting standards and ensure your organization is well-equipped to deal with the impact of these changes.
Key Learning Features
Our In-Person workshop on IFRS 9 for Financial Instruments will provide valuable insights on the following topics:
- Understand the recent amendments to IFRS 9 proposed by the IASB
- Achieving the amortized cost criteria for financial instruments under IFRS 9
- Applying the Business Model Test and SPPI criteria on existing portfolios
- Understanding when to use the fair value through OCI category (FVOCI)
- Accounting for unquoted equity instruments and hybrid instruments
- Accounting for own credit risk and accounting mismatches
- Changing the classification and measurement of financial instruments under IFRS 9
- Understanding the Impairment: Incurred loss vs. expected credit loss model
- Applying the new expected credit loss model and its impact on impairment allowance
- Applying the expected credit loss model to trade receivables, financial guarantees, and revolving credit facilities
- Improving results through hedge engineering
- Meeting hedge accounting documentation requirements
- Designing and testing hedge effectiveness
- Identifying hidden derivatives
- Separating hybrid instruments when necessary
- Comparing the principal similarities and differences between US GAAP and IFRS in the area of derivatives and hedge accounting.
Global Program Schedule and Hosting Opportunities
Our program has been scheduled in multiple cities worldwide. For a comprehensive schedule and to find a session in your area, please explore the following links. If you are interested in organizing this program in your city, we encourage you to contact us for collaboration opportunities and more information.
Online | London | New York City | Miami | Zurich | Singapore | Sydney | Cape Town | Bermuda | Dubai | Doha | Lima | Sao Paulo | Rio de Janeiro
For More Information
We invite you to reach out to our customer service team for further details on our IFRS 9 for financial instruments workshop and to enroll. Our team is committed to delivering exceptional service and addressing any inquiries you may have. We are eager to assist you in advancing your professional development and look forward to hearing from you soon
Our faculty members are highly qualified experts with a diverse range of specializations, including International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS), Generally Accepted Accounting Principles (USGAAP), UK GAAP, risk management strategies, valuations, mergers & acquisitions, corporate governance, ESG reporting, supply chain management, prudential regulations, and compliance matters such as Basel regulations, Solvency II, Anti-Money Laundering regulations, and more. Additionally, they have expertise in a variety of professional development programs, such as negotiation skills, presentation skills, data management, Python, Block-Chain, Digital Assets, and Becker CPA. This depth and breadth of knowledge ensure an engaging and effective learning experience for professionals and senior executives, helping to enhance knowledge retention.
Our faculty members are seasoned professionals with a wealth of experience in their respective fields. They bring a unique combination of practical knowledge and theoretical understanding to the classroom, making them well-equipped to address the challenges faced by professionals in today’s rapidly changing business environment. Their expertise and hands-on experience ensure that participants receive the most up-to-date and relevant information, which they can immediately apply to their own work. The interactive and engaging learning environment fostered by our expert instructors also helps participants retain information and improves their overall understanding of the subject matter. Whether you’re seeking to expand your knowledge, enhance your skills, or explore new career opportunities, our faculty members are equipped to provide you with the guidance and support you need to achieve your goals.
Instructor for this course
The course instructor will be one of our highly experienced faculty members.
Our Partners in Learning
Session 1: Introduction to IFRS 9
- Overview of IFRS 9 and its scope
- Proposed amendments to IFRS 9
- Key principles and requirements of IFRS 9
- Impact of IFRS 9 on financial reporting
Session 2: Classification and Measurement under IFRS 9
- Criteria for classification and measurement of financial assets and liabilities
- Recognition and derecognition of financial instruments
- Disclosure requirements under IFRS 9
Session 3: Impairment of Financial Assets under IFRS 9
- Overview of the impairment model
- Expected credit loss (ECL) approach under IFRS 9
- Implementation challenges and practical examples
Session 4: Hedge Accounting under IFRS 9
- Criteria for hedge accounting
- Types of hedges under IFRS 9
- Accounting treatment for hedging relationships
Session 5: IFRS 9 Implementation and Disclosures
- Implementation challenges and considerations for IFRS 9
- Disclosures requirements under IFRS 9
- Case studies and practical examples
The course agenda provided herein is the proprietary intellectual property of Shasat. It is intended solely for the use of participants enrolled in the respective course. Any reproduction, distribution, or unauthorized use of this course agenda, in whole or in part, without the explicit written consent of Shasat, is strictly prohibited and may result in legal action.
All rights reserved. ©2023, Shasat
Why you must attend?
Are you interested in advancing your knowledge of IFRS 9 for financial instruments? Look no further than our upcoming workshop. In 2014, the International Accounting Standards Board (IASB) issued the final version of IFRS 9, which combines classification and measurement, the expected credit loss impairment model, and hedge accounting.
Despite the fact that the implementation date for the IFRS 9 impairment standard was January 1, 2018, many corporations are still struggling with the intricacies of the impairment model and are seeking guidance on its application. In May 2022, the IASB initiated a maintenance project to review and amend IFRS 9 and IFRS 7, based on the findings from their post-implementation review. Furthermore, in October 2022, the IASB tentatively decided on additional amendments for the derecognition of financial liabilities through electronic cash transfers and disclosure requirements for equity investments under the fair value option. This shows that the standard is constantly evolving, and it is important to stay up to date with the latest developments.
The implementation process can take a considerably longer period of time and presents numerous challenges, including the size and complexity of necessary system and process changes, the volume and quality of data required, and the adoption of new classification and impairment models, to name a few. Our workshop aims to provide you with the necessary knowledge and skills to successfully navigate these challenges. Led by experienced faculty members with over 15 years of experience implementing IFRS in the UK and other jurisdictions, this course is designed for professionals of all levels who want to gain a complete and in-depth understanding of the new IFRS 9.
Through our highly interactive and practical approach, you’ll gain exhaustive learning of conceptual and practical issues, including how to achieve the amortized cost criteria for financial instruments under IFRS 9, applying the business model test and SPPI criteria on the existing portfolio, and accounting for unquoted equity instruments and hybrid instruments. Join us to learn more about hedge engineering, the documentation requirements of hedge accounting, how to identify ‘hidden’ derivatives, and when to separate hybrid instruments. We’ll also cover similarities and differences between US GAAP and IFRS in the area of derivatives and hedge accounting.
Don’t miss out on this opportunity to take the next step in your professional development. Contact our customer service team today to enroll in our IFRS 9 for financial instruments workshop.
The training program will employ a comprehensive and engaging approach to learning, designed to deliver maximum impact and retention. The methodology includes:
- A user-friendly slide deck that presents the concepts, methodologies, and principles in a clear and concise manner, making the material easily accessible to all attendees.
- Interactive sessions featuring real-life case studies to provide hands-on experience and bring the material to life.
- Explanations of concepts and methodologies through the use of examples and distinct scenarios, allow attendees to understand the material in context.
- Group exercises designed to illustrate accounting principles, encouraging collaboration, and fostering a deeper understanding of the material.
- Discussions on IFRS vs US GAAP differences, industry issues, and diversity in practices, provide attendees with a well-rounded understanding of the subject matter.
- Access to additional course material and handouts, ensuring attendees have a comprehensive reference resource to support their learning.
- An open and inclusive atmosphere that encourages attendees to ask questions and engage in discussion, ensuring a thorough understanding of the material.
The combination of these elements creates a dynamic and engaging learning experience that will support the professional development of all attendees.
Who should attend?
Our IFRS 9 for Financial Instruments workshop is designed to help professionals stay up to date with the latest developments in accounting standards and disclosure requirements. It is suitable for a wide range of professionals who work in fields related to accounting, finance, or investment, including:
- Accountants and finance professionals who use and produce financial statements under IFRS
- Auditors who need to understand and apply the latest IFRS guidance to their audit work
- Market research analysts who require an understanding of how financial statements are prepared and presented under IFRS, in order to conduct effective financial analysis and valuation
- Professionals from rating agencies who use financial statements as a basis for credit ratings and need to keep up to date with the latest accounting standards and disclosure requirements
- Regulators who require an understanding of the latest accounting standards and disclosure requirements in order to develop and enforce effective financial reporting regulations
- Capital market watch experts who need to keep up to date with the latest developments in accounting standards and disclosure requirements in order to provide insights and recommendations to investors and other market participants.
No matter your profession, our IFRS 9 for Financial Instruments workshop can provide you with the knowledge and skills you need to stay ahead in today’s global reporting environment.
Upon completion of the course, all delegates will receive an evaluation questionnaire aimed at gathering valuable feedback. This feedback is crucial to Shasat’s ongoing commitment to improving the quality of its learning solutions. By analyzing the trends in the responses, we are able to continuously enhance and refine our offerings to meet the evolving needs of our clients.
Venue & other info
Our training programs take place at the most prestigious professional training facilities in the city. Our venues have been meticulously chosen and expertly crafted to deliver an unparalleled and sophisticated learning experience. To further elevate your training journey, we will offer an array of refreshments including gourmet tea/coffee, delectable snacks, and a sumptuous lunch to sustain you throughout the course. Your comfort and satisfaction are of the utmost importance to us. One week before the program begins, you will receive comprehensive joining instructions that include the exact venue details.
Please note that accommodation arrangements are the responsibility of the attendee.
Workshop Delivery (Online Programs)
The workshop will be delivered via the WebEx platform. Upon registration, all participants will receive comprehensive joining instructions for the live workshop. This fully virtual event will encompass a live-streamed presentation, personalized networking opportunities, interactive Q&A sessions, engaging polls, and post-event consultation to address specific concerns and support your continued growth.
Please be advised that for all in-person training programs, joining instructions will be sent via email to registered participants one week prior to the program’s commencement. These instructions will provide comprehensive information regarding the venue location, date, and time, as well as other important details such as parking arrangements, dress code, and any necessary equipment or materials. Kindly ensure that you carefully review the joining instructions and follow the guidelines provided to ensure a smooth and well-organized experience during the program.
Changes to the conference
Shasat reserves the right, at its sole discretion, to make modifications to the format, speakers, participants, content, venue location, program, or any other aspect of the conference, at any time and for any reason, without incurring any liability. This policy has been implemented due to recent events such as the Covid-19 pandemic and other jurisdictional restrictions. These modifications may include but are not limited to, changes necessitated by a Force Majeure Event
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Upon successful completion of the training course, each participant will receive a certificate of completion that attests to the number of hours spent in training and serves as a valuable representation of their dedication to professional development. The certificate is not only a symbol of their achievement but also serves as proof of continuous professional development (CPD) and demonstrates their commitment to staying current in their field. We believe that CPD is a crucial aspect of career advancement and personal growth, and are proud to provide our participants with this important document.
For further assistance, we invite you to contact our dedicated customer service team. Our experienced and knowledgeable representatives are available to answer any questions you may have and provide the support you need to make informed decisions. We are committed to ensuring that you have a positive experience and are here to help in any way we can. Please don’t hesitate to reach out to us at your convenience.
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