- Financial statements and appendices - Balance sheet, income statement, cash flow statement, statement of changes in equity, ICOs, appendices
- Financial instruments and hedging tools - Learn about financial instruments and hedging tools (fair value hedge / cash flow hedge, hedging, credit derivatives, hybrid debt).
- IFRS - International Financial Reporting Standards (IFRS)
- Financial risks: counterparty, liquidity, interest rate, foreign exchange, equity - Analysis, valuation, risk mapping and hedging strategy: - Counterparty risk: financial analysis and mastering rating practices (internal, external) - Liquidity risk: ALM and group cash flow forecasts - Interest-rate risk: TF and TV loans, bond issues - Foreign exchange risk: exports, imports, hedging - Equity risk: dividends, share acquisitions and disposals, dealing room) - Project & (dis)investment risk Master the identification and valuation of financial and non-financial risks
- Securities and financial markets - Notions of cost of money, liquidity, inflation, capitalization, discounting, interest calculations, actuarial calculations
Mastering a complex environment
Target audience
- Consolidators
- Chartered accountants, statutory auditors
- Finance, consolidation and accounting managers
- Treasurers
2 day
IFRS 9 training
Prerequisites
You need to be familiar with the various financial instruments (equities, bonds and derivatives) or have taken the "How hedging financial instruments work" training course [FHINST].
How do hedging instruments work? [FHINST]
Understanding and implementing
Objectives
◗ Valuing financial assets and liabilities under IFRS
◗ Accounting for financial assets and liabilities under IFRS
◗ Implementing hedge accounting
Training program
◗ Hedge accounting and derivatives
- Systematic inclusion of derivatives on the balance sheet (IFRS9)
- Reminder of how the main derivative instruments work and how they can be used as hedges
derivative instruments
- Hedge accounting principles and criteria
- Accounting treatment of hedges using the following methods
- Fair value hedges (FVH)
- Cash flow hedges (CFH)
- Net investment hedge (NIH)
- Breakdown of hedging relationships: impacts
✔ APPLIQUER | Case study: accounting for a CFH - Interest rate swap
✔ APPLIQUER | Case study: accounting treatment of a CFH - Forward
✔ APPLY | Case study: accounting treatment of a cross currency swap
✔ ASSESS | Quiz: validating IFRS9 fundamentals
◗ Debt, capital and hybrid instruments
- Criteria for distinguishing debt/equity (IAS32)
- Disclosures and recent amendments to IAS1 (current/non-current and covenanted debt)
and covenanted debt)
- Reverse factoring
- Measurement of financial liabilities: fair value vs. amortized cost
- Accounting treatment of hybrid debt and long-term financing
- Impact of debt renegotiation
✔ APPLIQUER | Case study: accounting for a loan at amortized cost
✔ APPLY | Case study: treatment of a bond convertible into shares (OCA)
✔ UNDERSTANDING | Illustration: reading extracts from financial statements
◗ Financial instruments and expected losses
- Classification of financial assets under IFRS9
- 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 impact of classifying non-consolidated holdings
by income statement or by OCI
✔ APPLY | Case study: drawing up a provisioning matrix
for trade receivables
✔ UNDERSTAND | Illustration: reading extracts from financial statements
✔ EVALUATE | Quiz: testing the concepts of classification, impairment and future cash flows
Why choose this course?
Accounting for financial instruments under IFRS is not just a matter for experts.
This training 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 : self-assessment quiz
During the session: technical presentation accompanied by numerous illustrations drawn from current events and actual financial statements. Immediate application of the topics covered: exercises and case studies. Interactive quiz to validate knowledge acquisition.
Afterwards: documentation.
The trainer is available to answer any questions relating to the training.
General training | FinHarmony Conseil & Formation
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Price
2,250 EXCLUDING VAT
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IFRS 9 training
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ifrs 9 training
Jonathan C.
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