IFRS 9 for corporate clients

The International Financial Reporting Standard IFRS 9 introduces basic changes to the classification, measurement, impairment and hedge accounting treatment of financial instruments. The course provides a general overview of IFRS 9 to everyone working with financial instruments, irrespective of their line of business. Increased attention is paid to the measurement and impairment of receivables.

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.