IFRS 9 Financial Instruments

This course provides an in-depth analysis, application methodology and strategy for implementing IFRS 9 on financial instruments, including hedge accounting and the treatment for expected credit loss.
Delegates will focus on implementation issues and challenges and discuss case studies on practical application of the standard. You will have an understanding on “what was” and “what will be” in the world of accounting for financial instruments.
IASB has published the new standard on financial instruments – IFRS 9. This standard replaces IAS 39. Amendments have been made in the classification and measurement of financial assets and a new model for impairment has been introduced. Hedge accounting is also challenging to implement. This course will help to clarify these issues and help you to get ready to plan your strategy for the transition to the modified standard.

TARGET COMPETENCIES

The key topics covered are:​

• ​Context of IFRSs and IPSASs​
• Financial statement presentation​
• Funding, revenue and expenditure​
• Asset and liability reporting​
• Entity consolidation and combination​
• Disclosure and other matters.​

WHO SHOULD ATTEND ?

This well-researched course will benefit executives who are responsible for the finance and accounting functions in their organisation .

• Finance Directors
• Head of Finance
• Chief Finance Officers
• Accounts Managers
• Accountants
• Auditors
• Analysts

Organisations consider this course as a great opportunity to train their young officers in the complexities of accounting in the industry.

COURSE OUTLINE

This IFRS Training comprehensive accounting standards training course will enable each participant to appreciate and understand the basics and certain complexities associated with international accounting standards along with topic terminology, concepts and applications.​

In gaining a perspective of the origins of IFRS, the accomplishments, to date, in the development and acceptance of global accounting standards and insights into the foreseeable future, participants will gain a valuable understanding of this critical field of knowledge and be capable of contributing meaningful assistance to their respective organisations with respect to the adoption and utilisation of these accounting standards.​

​IFRS Overview and Specific Industries​

• Overview of IFRS Principles and Concepts​
• The latest on world adoption of IFRS​
• First time adoption of IFRS​
• IAS 1 – Presentation of Financial Statements​
• IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors​
• IAS 18 – Revenue​
• IFRS 6 – Exploration for and evaluation of Mineral Resource​
• Financial Instruments Post Implementation Review for Financial Institutions​
• The “Successful Efforts” (SE) Method or the “Full Cost” (FC) Method oved Oil and Gas Reserves – disclosures and impact on financial statements​
• Case Studies​

​Technical Standards​

• IAS 12 – Income Taxes​
• IAS 19- Employee Benefits​
• IAS 33 – Earnings per Share​
• IAS 34 – Interim Financial Reporting​
• IFRS 5 – Discontinued Operations​
• IFRS 12 – Service Concession Arrangements​
• IFRS 20 – Stripping Costs in the Production Phase of a Surface Mine​
• Case Studies​

​ Financial Instruments​

• IAS 39 – Recognition and Measurement​
• IFRS 2- Share-based Payments​
• IFRS 7 – Disclosures​
• IFRS 13 – Fair Value Measurement​
• IFRIC 16 – Hedges of Net Investment in Foreign Operations​
• IFRIC 19 – Extinguishing Financial Liabilities with Equity Instruments​
• Case studies

Group Reporting​

• IAS 28 – Investments in Associates​
• IFRS 3 – Business Combinations​
• IFRS 8 – Segment Reporting​
• IFRS 10 – Consolidated Financial Statements​
• IFRS 11 – Joint Arrangements​
• IFRS 12 – Disclosure of Interest in Other Entities Case Studies​

​New Standards and Practical Implications​

• IFRS 9 – Financial Instruments​
• IFRS 14 – Regulatory Deferral Accounts​
• IFRS 15 – Revenue from Contracts with Customers​
• IFRS 16 – Leases​
• Future developments​
• IFRS and Statutory Audit Procedures​
• Case Studies and Practical Implementation

VENUE:

Choice between  in-house / External Venue/ Live Online Classroom

Do you have more people interested in attending this course? Do you want to tailor it to meet your company’s exact requirements? If you’d like to do either of these, we can bring this course to your company’s office. You could even save more on the cost of sending delegates to a public course and dramatically increase your ROI.

If you want to run this course at a location convenient to you or if you want a completely customized learning solution, we can help.

We produce learning solutions that are completely unique to your business. We’ll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

DURATION:

5 days

COST:

ZAR 26,999.00
Contact us for our discounted pricing for self-funded individuals

Contact us today