IFRS 9 ‘Financial Instruments’ was issued in 2014 and replaces IAS 39 ‘Financial Instruments: Recognition and Measurement’. IFRS 9 is mandatory as from 1 January 2018. This 6-hour seminar will tackle the provisions of the new standard, mainly in terms of the revamped impairment model. The implications will be illustrated by practical examples that impact non-financial institutions.
- The training course is specifically targeted to accounting professionals and students, especially those who are pursuing or intend to pursue a career in audit, accountancy or IFRS expertise. The seminar is not targeted to professionals and students interested in the impact of IFRS 9 on financial institutions.
Participants are expected to have a solid understanding of basic accounting concepts, including double entry and basic financial reporting.
- An introduction to financial instruments
- Financial instruments within scope of the impairment model
- Basic illustrative examples comparing previous and current impairment model
- Theoretical aspects of the new impairment model
- Practical aspects of the new impairment model, including case studies
- Transition, presentation and disclosure illustrations
Friday 29th November 2019 & Monday 9th December 2019
13:45 – 17:15 including registration
6 core hours