IFRS 9 training

Prerequisites

Participants should be familiar with the various financial instruments (stocks, bonds, and derivatives) or have completed the training course “How Do Hedging Instruments Work?” [FHINST].

Objectives

◗ Measure financial assets and liabilities in accordance with IFRS.

◗ Account for financial assets and liabilities in accordance with IFRS.

◗ Implement hedge accounting.

Training program

◗ Hedge accounting and derivatives

– Systematic recognition of derivatives on the balance sheet (IFRS 9)
– Overview of how the main derivative instruments work and their use for hedging
– Principles and criteria for hedge accounting
– Accounting treatment of hedges according to the following methods:
• Fair value hedge (FVH)
• Cash Flow Hedge (CFH)
• Net Investment Hedge (NIH)
– Termination of hedging relationships: the impacts
✔ APPLY | Case Study: Accounting for a CFH – Interest Rate Swap
✔ APPLY | Case Study: Accounting for a CFH – Forward Contract
✔ APPLY | Case Study: Accounting Treatment of a Cross-Currency Swap
✔ EVALUATE | Quiz: Review of IFRS 9 Fundamentals

◗ Debt, capital and hybrid instruments

– Criteria for Distinguishing Between Debt and Equity (IAS 32)
– Disclosure Requirements and Recent Amendments to IAS 1 (Current/Non-Current Debt and Debt with Covenants)
– Reverse Factoring
– Measurement of Financial Liabilities: Fair Value vs. Amortized Cost
– Accounting treatment of hybrid debt and perpetual financing
– Impact of a debt renegotiation
✔ APPLY | Practical example: Accounting for a loan at amortized cost
✔ APPLY | Practical example: Treatment of a convertible bond (OCA)
✔ UNDERSTAND | Illustration: Reading excerpts from financial statements

◗ Financial instruments and expected losses

– Classification of Financial Assets under IFRS 9
– Application of Fair Value and Amortized Cost
– Calculation of the Effective Interest Rate
– Accounting Treatment of Changes in Fair Value: Net Income vs. OCI
– Expected Credit Loss (ECL) Approach
– Notes to the Financial Statements
✔ APPLY | Case Study: Comparing the Impacts of Classifying Unconsolidated Investments at Fair Value Through Profit or Loss or Through OCI
✔ APPLY | Case Study: Developing a Provisioning Matrix for Accounts Receivable
✔ UNDERSTAND | Illustration: Reading Excerpts from Financial Statements
✔ EVALUATE | Quiz: Test Your Understanding of Classification, Impairment, and Future Cash Flows

Why choose this course?

Accounting for financial instruments under IFRS need not remain a matter for experts. This course explains the main issues and makes the subject accessible, by reinforcing the explanation of fundamental principles with numerous practical case studies.

Teaching and assessment methods

Before the training: Submit your expectations via your online portal 15 days before the training begins and complete a self-assessment of your skills.

Teaching Methods: A variety of methods to cater to different learning styles, encourage active participation, and reinforce learning through experimentation and practice.

Educational materials: presentation materials, reference materials (summary sheets, tables, etc.), and other resources available in your account.

During the training: a mix of theoretical concepts and examples drawn from real-life cases. Participants are given the opportunity to engage in role-playing exercises. Numerous practical exercises allow participants to demonstrate their mastery of the skills as the training progresses.

Monitoring and evaluation: attendance sheet and certificate of completion. Immediate and post-training evaluations conducted using the LearnEval platform.

Price

2,250 EXCL. TAX

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IFRS 9 training

ifrs 9 training

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IFRS 9 training