Intensive Trainings
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IFRS 9 Financial Instrument Masterclass Training Course
30th July 2018 - 31st July 2018
Overview
The IFRS 9 or the Malaysian counter part MFRS 9 have been implemented as of the first quarter of 2018. According to a report, IFRS 9 requires more timely recognition of credit losses under the expected credit loss model. There are also a minimum loss allowance of 1% that has to be set aside by large banks. IFRS 9 reduces P&L volatility which allows more hedges for hedge accounting. It also helps to enhance management toolbox as it enables hedgers to treat ‘cost of hedging’ as a separate component of equity. The course is designed to develop your knowledge and understanding of international financial reporting standards as well as apply them.
Who Should Attend
- Staff in Finance, treasury, operations, risk, management, IT or Compliance departments
- CFO, Finance Directors
- Accountants, Financial Controllers
- Financial reporting executives
- Treasurer
- Budget officers/ forecasting specialists
- Auditors
- Merchant/ investment/ corporate bankers
- Tax directors/ managers
- Internal and external auditors
- Regulatory staff
- Analysts
- Investment managers
Key Learning Objectives
- The course will take a detailed look at the key provisions of IFRS 9, comparing it to the old provisions in IAS 39 to highlight the changes
- Focus on difference in Scope and Scope exclusions
- Recognition principles and application
- Financial asset classification in terms of application dates and relevant accounting
- Derecognition principles and application
- Hedge accounting differences in terms of scope, conditions, accounting, practical examples of hedge effectiveness testing