IFRS 9 Financial Instruments/ 23-Jul-2018 - 27-Jul-2018

IFRS 9 Financial Instruments

Bankers Committee members pay N 123,465.00 only

Background

The international Accounting Standard Board (IASB), published the complete version of IFRS 9, which replaced most of the guidance in IAS 39. IFRS 9 includes amended guidance for the classification and measurement of financial assets. It outlines recent developments in hedge accounting, as well as examines the principles contained in the expected loss from credit impairment. The course is packaged for professionals who have experienced operating with IAS 39 and wish to gain deep understanding of IFRS 9 implications for the design, management and reporting of hedging strategies.

Target Participants

Accountants, financial analysts, portfolio managers, investment and credit analysts, pension fund managers, auditors, Staff in Treasury, Operations, Risk Management, Compliance department and other executives who use nancial statements for decision making or supervise such roles.

Objectives

At  the end of the course, participants should able to effectively:

 

  • Classify and measure financial assets and liabilities under the new approach and the changes from IAS 39
  • Identify how the expected loss model for financial asset impairments is applied.
  • Examine changes to the restrictions contained in IAS 39 for the use of hedge accounting
  • The impact on disclosures and the link with fair value accounting under IFRS 13

Contents

  • Introduction to IFRS 9

- IASB standards applicable to financial instruments: IAS 32, IAS 39, IFRS 7, IFRS 9 and IFRS 13
- Issues with IAS 39 and introduction to IFRS 9
- Definition of financial assets, financial liabilities and equity instruments

  • IAS 32 Financial Instruments: Presentation - Financial Liability Versus
  • Equity Instruments, Compound Financial Instruments and Offsetting

 

  • Classification of Financial Assets and Financial Liabilities

- Re-cap of IAS 39 classication
- Solely Payments of Principal and Interest (SPPI) criteria
- Business models criteria
- Application of IFRS 9 classification model
- Fair value option

  • Measurement of Financial Assets and Financial Liabilities
    - Initial recognition including treatment of transaction costs
    - Subsequent measurement (IFRS 9 and IFRS 13)
    - Impact of reclassification of financial assets
    - Overview of accounting for derivatives and embedded derivatives in IAS 39
    - Impact of embedded derivatives on the SPPI test in IFRS 9
     
  • Amortised Cost Assets
    - Recognition and measurement under IFRS 9
    - Loan Commitments
    - Fee income and loan origination costs
    - Financial Guarantees
    - Repossessed assets
  • De-recognition Principles
    - De-recognition of financial assets
    - De-recognition of financial liabilities
     
  • Impairment of Financial Assets
    - Re-cap of IAS 39 incurred loss model
    - Introduction to IFRS 9 expected credit loss model - background, scope and impact of the model
    - Application of IFRS 9 expected credit loss model
    - Key estimates and judgments
     
  • Hedge Accounting
    - Overview of hedging, accounting for different types of hedges and comprehensive examples to hedge interest rate risk and foreign exchange risk
    - Issues with IAS 39 hedge accounting
    - IFRS 9 hedge accounting model
    - Discussion paper on macro hedging


IFRS 9 Transition Requirements for Classication of Financial Assets and
Financial Liabilities, Expected Credit Loss Impairment and Hedge
Accounting


For more information: call Efe 0703 557 2772 or Email: eikpro@fitc-ng.com

Register Now

If you would like to attend this training programme, please fill the form below and we will contact you as soon as possible. You can also pay for courses online.




Our learning sessions are unique in 4 ways

  1. Programme design & delivery recognize the needs of adult learners in career
  2. Experience sharing by practitioners, with well over two decases of experience in areas relevant to course topic, whom we call "Programme Directors"
  3. Course delivery by practitioners based on conceptual research background
  4. The essence of our corproate brand and orientation within concept implementation thinking

The fees cover tuition, course materials, group lunch, tea/coffee and snacks but EXCLUDE accommodation.
Dress Code: Formal

Discount on Fees

3 participants 5% Discount
4 participants & Above 7.5% Discount


Payment of Fees

Payment of fees should be in cash or CERTIFIED CHEQUE/BANK DRAFT made payable to the FITC before the commencement date or on arrival at the venue.

Refund of Fees

Fees paid for participants who do not turn up eventually would be refunded, subject to deduction of 25% administrative cost.

Methodology

Formal lectures, case studies, participative group exercises and experience sharing.

Administration

The programme commences at 10.00a.m. on Monday, 9.00a.m other days and ends at 4.00p.m. daily.

In-plant Option

Do you intend to train more than 20 participants? Are you considering an in-plant option?
Please call us ☎


International Participants

International participants should please inform FITC of their attendance ahead of the programme, to enable us prepare airport pick-up for them.

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