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IFRS 9 Financial Instruments
- 0 (Registered)
IFRS 9 Financial Instruments is the new accounting standard for that will have an impact on International banks and financial institutions worldwide. Numerous changes are in place, designed to make annual reports more meaningful to investors as well as simplify how auditors implement the rules and introduce safeguards to ensure that a severe credit crisis cannot emerge again
IAS 39, which is to be replaced with IFRS 9 and other standards include accounting and reporting requirements that are bureaucratic and the source of many mistakes and misunderstandings by the accounting profession. They often inhibit the provision of consistent and meaningful information to investors on the true economic effects of firms’ hedging strategies.
Our aim on the course is to outline recent developments in hedge accounting and to show how the rules can be implemented in practice. We use Excel spreadsheets as well as local examples to illustrate how the accounting policies are implemented across GCC, Europe, Asia, and Africa.
This course specifically focuses on the new rules and reporting standards contained in IFRS 9 which is designed for professionals who have experience of operating under IAS 39 and wish to gain an in-depth understanding of what’s new in IFRS 9 and the implications for the design, management, and reporting of hedging strategies.
From 1 January 2018 companies applying IFRS will be required to adopt IFRS 9, an accounting standard which has taken nearly ten years from the first draft to implementation, returns to a more prudent approach to impairment with the expected loss model, a business model test for classification and a relaxation of many of the prohibitively complex hedging rules from its predecessor IAS 39. Whilst the financial services sector will see the most significant impact, IFRS 9 implementation will have a significant impact on all companies with most commentators saying that IFRS 9 is good for corporates. Find out why.
You might be interested in another Finance and Accounting courses as a next step.
This course is endorsed by ACCA Global.
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