IFRS 9 for corporate clients

Who are the intended participants?

• Managers of financial, planning and controlling departments from non-financial sectors.
• Employees of accounting and controlling departments who participate in the preparation of financial statements under IFRS.
• Employees responsible for the preparation and analysis of financial plans and reports.

Programme

• Overview of new classifications of assets and liabilities under IFRS 9.
• Definition of business models, determination methods and set up options in companies.
• Instrument requirements (principal and interest payments) and example analyses of various instruments.
• Practical issues in the analysis of financial instruments.
• Overview of impairment using the expected credit loss method.
• Simplified impairment approach for trade receivables.
• Overview of hedge accounting changes according to IFRS 9 and arguments concerning the transition to new rules.
• Wider impacts of the standard within a company – set up of systems and processes, data requirements.

Benefits

During the course, you will:

• Gain an overview of the impacts of IFRS 9 on corporate financial information.
• Acquire practical knowledge for the classification of individual types of assets and liabilities according to IFRS 9.
• Get to know the impact of the expected credit loss model on reported company results.
• Familiarise yourself with the issues associated with a company-wide transition to IFRS 9.
• Grasp the scope of necessary changes to data requirements, systems and processes for operations in line with the new standard.