Achieving Optimal IFRS 9 Compliance

Going Beyond Compliance by Optimizing Your Implementation Effort and Financial Impact

IFRS 9 will have a substantial financial impact on banks and involve significant implementation challenges. But with optimal compliance, banks can achieve an acceptable financial impact in a way that minimizes effort but is still sufficiently prudent to ensure compliance. However, to achieve this goal, banks will need substantial support from technology. In this paper, we explore the software functionality needed to support the banks seeking optimal IFRS 9 compliance.

Course overview

Accounting for financial instruments is particularly challenging due to the volume of IFRS content, complexity of activity, and rapid changes that are occurring.

Join us for this 3-day course to increase your understanding of financial instrument accounting and disclosure requirements, receive clear and practical guidance on the new classification and measurement standard IFRS 9, learn about other upcoming changes to financial instrument accounting and prepare for your future financial reporting.

This course explains all standards that deal with financial instrument recognition, measurement, disclosure and presentation, including NEW IFRS 9. Applications will be illustrated with real-life financial statements and practical case studies. In addition, through analysis of enforcement actions, you will learn the financial instrument accounting areas that most commonly result in regulatory scrutiny and restatements for listed entities.

Summary of course content

Understand all standards relating to financial instruments, including NEW IFRS 9
Learn how to effectively meet disclosure requirements
Comply with fair value measurement and impairment guidance
Discover the areas that most commonly result in regulatory scrutiny and restatements
Develop strategies for the initial application of IFRS 9
Analyse the anticipated financial statement and systems impact of IFRS 9
Monitor the IASB’s plans and schedule for future financial instrument revisions
Prepare for implementation of upcoming new requirements
Put theory into practice with company case study exercises

Methodology

This course provides an answer to the continuing and growing need for information and practical guidance in relation to IFRS financial instrument accounting, presentation and disclosure issues.

The course content will be updated to include the latest pronouncements and most recent accounting changes current as of the course date.

Who should attend?