IFRS 9 for Financial Institutions

The implementation of IFRS 9 Financial Instruments (effective for reporting periods starting on or after January 1, 2018) represented a substantial shift in the accounting treatment of financial instruments. This standard had a notable influence on the financial statements of financial institutions and necessitated adjustments to systems and processes to capture the required information in compliance with the standard. It is crucial for financial statement users to comprehend the business implications of adopting this standard. This program will comprehensively delve into the key aspects of IFRS 9 in a practical and interactive manner. The goal is not only to impart an understanding of the accounting principles but also to enable participants to analyze the implications and significant risks for their respective organizations.

Program Objectives:

• Understand the options and consequences of transitioning to IFRS 9.
• Comprehend the methods for recognition and measurement.
• Evaluate the business model approach.
• Handling of embedded derivatives.
• Assessment of the expected credit loss model.
• Summary of hedge accounting principles.
• Examination of disclosure requirements.