IFRS 9 in detail – classification and measurement

Who are the intended participants?                                        

• Managers of finance, planning and controlling departments of financial or non-financial institutions.
• Employees of accounting or controlling departments engaged in the preparation of financial statements in accordance with IFRS.
• Employees responsible for the preparation and analysis of financial plans and reports.

Programme

• Summary of the new method for classifying assets and liabilities under IFRS 9..
• Definition of a business model, determination method, and set-up options in companies.
• Requirement for the nature of an instrument (payment of a principal and an interest rate) and sample analyses of various instruments.
• Practical issues when analysing the nature of the instruments.
• Approach to the new classification in companies – set-up of systems and processes for the classification.
• Expected impact on banks, insurance companies and commercial businesses.
• Practical impact of the transition to IFRS 9 (part classification and measurement).

Benefits

During the course, you will:

• Gain insight into the impact of IFRS 9 on companies’ financial information.
• Obtain practical knowledge for the classification of individual types of assets and liabilities under IFRS 9.
• Understand issues associated with the transition to IFRS 9 when considering the entire organisation.
• Become aware of the scope of necessary changes to systems and processes for proper operations under the new standard.