IFRS 9: Key Principles and Practices
Mastering the Key Concepts of IFRS Standards
Duration : 5 days
This training provides the necessary knowledge to understand the key principles of the IFRS 9 standard on financial instruments. It covers the evaluation of financial instruments, impairment of financial assets, and accounting for hedging operations in financial statements. The training is designed for consolidation professionals and anyone wishing to deepen their knowledge of the IFRS 9 standard.
Learning Objectives
Specify the rules related to financial instruments (IAS 39/IFRS 9)
Distinguish the evaluation techniques of financial assets and liabilities
Identify the principles and conditions for accounting for hedging operations
Training Program
Specify the rules related to financial instruments (IAS 39/IFRS 9)
Present the IFRS 9 standard
The context of the IFRS 9 standard
The context of the IAS 39 overhaul project and its main stages
Classification and accounting
IAS 39 reminders
Accounting for a financial asset, a financial liability
The SPPI test (payment of principal and interest)
Quiz: SPPI classification
Identify categories of financial instruments
Financial assets at amortized cost
Financial assets at fair value through profit or loss or through equity
Financial liabilities at fair value through profit or loss
Other financial liabilities
Derecognition of a financial asset, a financial liability
Quiz on financial assets and liabilities
Distinguish the evaluation techniques of financial assets and liabilities
Deal with initial evaluation
Asset evaluation: principles of initial evaluation, Effective Interest Rate (EIR) concept
Liability evaluation: general principles of initial evaluation at fair value or amortized cost, EIR concept, distinction between debt/equity, distinction between compound financial instruments and embedded derivatives
Practical case: calculating an effective interest rate
Deal with evaluation at the end of the reporting period
Evaluation of assets at amortized cost and impairment
Evaluation of assets at fair value through profit or loss
Evaluation of liabilities
Illustrations
Practical cases on the evaluation of financial assets and liabilities at the end of the reporting period
Operate impairment of financial assets
Introduction to impairment according to IFRS 9
Expected Credit Loss (ECL) impairment model for financial assets
Techniques for assessing expected credit losses
Illustrations
Practical case: establish a provision impairment calculation matrix and account for it
Identify the principles and conditions for accounting for hedging operations
Recall the main principles
Recall of main financial instruments
Introduction to hedge accounting according to IFRS 9
Accounting for hedging operations
Types of hedging allowed by IFRS 9 (fair value hedge, cash flow hedge, and investment hedge)
Accounting for hedging and its effects on financial statements
Synthetic practical case on hedging operations
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Key Points
Participative pedagogy, punctuated by numerous illustrations and application cases
Comprehensive training to master the essentials of the IFRS 9 standard
Who Should Attend This Training
Consolidation specialists
Accounting managers
Finance Directors/Managers
Chartered Accountants
Auditors
Anyone wishing to understand the IFRS 9 standard
Prerequisities
Basic knowledge of IFRS
Essentials of IFRS Standards (1149)
Teaching Methods
Structured training program focused on skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous moments
Multi-stage learning journey to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of teachings
Satisfaction and Evaluation
Skill assessment will be conducted throughout the training by the participant themselves (self-assessment) and/or the trainer according to the training modalities.
Evaluation of the training action online in your participant space:
Immediately, at the end of the training, to measure your satisfaction and your perception of the evolution of your skills compared to the training objectives. With your consent, your overall rating and your feedback will be published on our website through Verified Reviews, an NF Service Certified solution.
Later, 60 days after the training to validate the transfer of your skills in the workplace.
Attendance tracking and issuance of an individual training certificate or completion certificate.
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris