IFRS 9 in detail – classification and measurement

Under the new IFRS 9 standard, the classification and measurement of financial instruments will be a major issue for financial institutions, as well as for any other businesses. Changes of accounting rules require changes in systems, data, and business strategy as well as an adjustment of the recognition of financial instruments affecting the results of operations.

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.