IFRS 9: Financial Instruments

LEORON Professional Development Institute
Training overview
Professional Course
Virtual Classroom
2 days

Start dates
Online
6/11/2023

Online
10/8/2023

Online
12/17/2023

Course description

IFRS 9: Financial Instruments

International Financial Reporting or IFRS is the global standard for financial reporting. Accounting for financial instruments is one of the more challenging and complex areas. The predecessor standard on financial instruments, IAS 39, was withdrawn and replaced by IFRS 9 on 1 January 2018.

The practicalities and challenges to be compliant with IFRS 9 require careful analysis and detailed planning for a successful transition.

This course is a pragmatic “how to do” focusing on implementation issues. Participants will also understand the context: “what was” the standard and “what it is now”.

Instructor-led case studies, in-depth group discussion supported by examples and the “how to” (implement) will upskill Participants’ knowledge for a successful transition to IFRS 9 or -- for those entities that have already transitioned - be an enabling tool for continued compliance with IFRS 9.

Who should attend?

Key Takeaways

  • Why the IASB transitioned from IAS 39 to IFRS 9 (the “what” and “why”).
  • The practicalities of how to model and determine compliant IFRS fair values.
  • How financial assets and liabilities are classified.
  • How to implement processes for the ECL model to tackle “staging”.
  • The updated hedge accounting standard
  • Plus: The course is supported by a series of case studies led by a course director with years of experience. His examples are thought provoking and elicit a significant amount of group discussion, so Participants learn the “how to”. This is not an academic course.

Training content

Day 1

  • Initial Overview and Discussion of Key IFRS Principles and Concepts
  • Financial instruments - overview of core concepts and principles
  • Fair value
  • Financial Instruments – Presentation
  • Classification of financial instruments / recognition and remeasurement

Day 2

  • Derecognition of financial instruments
  • Accounting for derivative products
  • Intercompany Off Market Loans
  • Financial Guarantee Contracts
  • Impairment of Financial Assets
  • Hedge Accounting

Certification / Credits

Key Takeaways

  • Why the IASB transitioned from IAS 39 to IFRS 9 (the “what” and “why”).
  • The practicalities of how to model and determine compliant IFRS fair values.
  • How financial assets and liabilities are classified.
  • How to implement processes for the ECL model to tackle “staging”.
  • The updated hedge accounting standard
  • Plus: The course is supported by a series of case studies led by a course director with years of experience. His examples are thought provoking and elicit a significant amount of group discussion, so Participants learn the “how to”. This is not an academic course.

Why choose Leoron?

LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.

We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.

About Leoron

LEORON Professional Development Institute

LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...


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Contact info

LEORON Professional Development Institute

OFFICE 502, JLT
Dubai

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