IFRS 9 in detail – impairment

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 of risk management departments engaged in the calculation of impairment (risk part, data part).
• Employees responsible for the preparation and analysis of financial plans and reports.

Programme

• A new expected loss model under IFRS 9.
• A basic analysis of the impact of the new approach to impairment calculation on the balance sheet and income statement.
• Requirements on data, systems and processes to obtain information necessary to determine impairment.
• Practical problems during the calculation of impairment relating to various portfolios (loans, securities, receivables).
• Differences between the expected loss model under IFRS 9 and the IRB approach.

Benefits

During the course, you will:

• Become familiar with the impact of the expected loss model on the results reported by organisations.
• Obtain practical knowledge for the calculation of impairment of various types of assets under IFRS 9.
• Become aware of the scope of necessary changes to data requirements, systems and processes for proper operations under the new standard.
• Be able to identify weaknesses in your organisation that may obstruct effective transition to IFRS 9.