IFRS 9 Financial Instruments

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Overview

IFRS 9 is the new accounting standard for financial instruments that will have an impact on International banks and financial institutions worldwide. Numerous changes are in place, designed to make annual reports more meaningful to investors as well as simplify how auditors implement the rules and introduce safeguards to ensure that a severe credit crises cannot emerge again
 
IAS 39, which is to be replaced with IFRS 9 and other standards include accounting and reporting requirements that are bureaucratic and the source of many mistakes and misunderstandings by the accounting profession. They often inhibit the provision of consistent and meaningful information to investors on the true economic effects of firms’ hedging strategies.
 
Our aim on the two day course is to outline recent developments in hedge accounting and to show how the rules can be implemented in practice. We use Excel spreadsheets as well as local examples to illustrate how the accounting policies are implemented across Europe, Asia and Africa.
 
This 2 day course specifically focuses on the new rules and reporting standards contained in IFRS 9 which is designed for professionals who have experience of operating under IAS 39 and wish to gain in-depth understanding of what’s new in IFRS 9 and the implications for the design, management and reporting of hedging strategies.
 
 
Learning Outcomes
During the course the delegates will:
1. Examine the role of impairment and hedge accounting  and identify anomalies and restrictions contained in IAS 39
2. Understand how IFRS 9 is developed and implemented in practice
3. Identify practical implementation issues together with solutions
4. See how the standard can be implemented in practice in a simplified and effective manner. 
 
 
 
Methodology

This practical course will contain Excel spreadsheets, and hands on exercises. Group case studies selected from the South Africa region will also be included.
 

Who should attend

The course is designed for professional accountants working in banks or financial institutions. Traders, product controllers and risk managers will also benefit. Ideally, delegates should have practical experience of working with IAS 39 in the design, implementation, processing and accounting & reporting of hedges. Delegates will
include finance, accounting, treasury, operations, risk management, audit, IT or compliance. The course may also benefit independent accountants, consultants and lawyers who advise firms on the design of hedging strategies and related accounting.

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