|
IFRS 9: Advanced Financial Instrument
NGN 120,000 |
Venue: Lagos, Nigeria
Event Video
Other Dates
Venue | Date | Fee | |
---|---|---|---|
Lagos, Nigeria, Lagos State, Nigeria | 27 - 28 Sep, 2022 | NGN120000 |
A lot of subject matter experts expect the adoption of IFRS 9 to be challenging; hence, the need to get the right skills to efficiently apply the standard seamlessly. The three major domains to be considered while implementing IFRS 9 include measurement, impairment, and hedge accounting:
- Classification and Measurement
- Classification under IFRS 9 for investments in debt instruments is driven by the entity’s business model and their contractual cash flow characteristics.
- A financial asset is measured at amortized cost if both of the following criteria are met:
- The asset is held to collect its contractual cash flows; and
- The asset’s contractual cash flows represent ‘solely payments of principal and interest’ (‘SPPI’)
- Impairment
- Based on Expected Loss Model
- Hedge Accounting
- New Hedge Accounting Guidelines
Training Objectives
- Gain an understanding of the requirements of IFRS 9 in relation to initial recognition, classification, and measurement of financial instruments
- Identify the key difference between the incurred loss model and the expected loss model
- Understand the calculation of impairment using the Expected Credit Loss (ECL) Model
- Understand the impact of ECL
- Develop competencies in Credit Risk Modeling and apply the same to my company
- Develop competencies to apply the guidance of IFRS 9
Methodology
- Instructor guided presentation
- Case studies
- Discussion session
- Scenario and Case study sessions
What to Expect
- Expert facilitation
- Souvenirs (classroom option)
- Tea break and Lunch (classroom option)
- Discussion session
- Practical Examples
- Certificate
Course Outline
- Introduction and Scope of IFRS 9
- Initial Recognition
- Classification and measurements
- Classification of financial assets and financial liabilities
- Derivatives
- Embedded derivatives
- Reclassification of financial assets
- Measurement of financial assets and financial liabilities
- Valuation of financial assets:
- Quoted securities:
- Bonds, Bills etc.
- Equities
- Unquoted securities
- Investments in unquoted shares:
- Using DCF technique
- Using NA technique
- Using DNA technique
- Investments in unquoted shares:
- Quoted securities:
- Valuation of financial assets:
- Derecognition:
- Financial assets
- Derecognition
- Write-off
- Transfers that qualify for derecognition
- Transfers that do not qualify for derecognition
- Continuing involvement in transferred assets
- Continuing involvementF in only a part of transferred assets
- Modification of contractual cash flows
- Financial liabilities
- Derecognition
- Extinguishment accounting
- Partial extinguishment accounting
- Financial assets
- Impairments:
- Scope of the impairment requirements
- Overview of the impairment requirements
- Determining significant increases in credit risk
- Financial Instruments Disclosure
Lagos, Nigeria | Jun 23 - 24 Jun, 2022 |
Lagos, Nigeria, Lagos State, Nigeria | 27 - 28 Sep, 2022 |
NGN 120,000.00 | (Classroom) |
NGN 90,000.00 | (Online) |
Queen Ibrahim 09160775350
Discount of 5% to 3-4 participants from the same organization. Discount of 10% to 5 or more participants from the same organization.
Highly resourceful and seasoned Facilitators