IFRS 9; Advanced Financial Instruments

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

• Impairment

• Hedge Accounting

  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
• Impairment
• Hedge Accounting

  
  Learning objectives:

• Gain an understanding of the requirements of IFRS 9 in relations 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 to apply the guidance of IFRS 9
  
  Key Topics
   
• Classification of financial assets and financial liabilities
• Initial measurement of financial assets and financial liabilities
• Measurement of financial assets using amortized cost, fair value through OCI and fair value through profit or loss
• Valuing bonds, bills, commercial papers quoted and unquoted equities etc.
• Measurement of financial assets using amortized cost, and fair value through profit or loss