IFRS for financial instruments in investment funds

The statement forms are different, some instruments are classified differently, and the quantity of information required in appendices has increased. 

Who are the intended course participants?

• Top management and finance directors of investment companies and funds.
• Employees of finance, planning, and treasury departments of investment companies and investment funds, or at their parent companies.
• Employees of accounting and controlling departments who participate in the preparation of financial statements.

Programme

• IAS 32: classification of issued instruments under financial liabilities or equity instruments.
• IFRS 9: overview of the IFRS and changes against current Decree No. 501/2002 Coll. – classification and measurement, impairment, hedge accounting.
• IFRS 9: business models, definitions, compliance with legislation.
• IFRS 9: measurement and impairment, fair value measurement (IFRS 13).
• Other IFRS and IAS relevant for investment funds and companies (e.g. IAS 27, IAS 28, IFRS 16, IAS 1).
• Examples of statement forms for accounting entities without capital under IFRS.
• Information disclosed in the financial statement related to financial instruments (IFRS 7).
• Reflection of the transfer to financial instruments disclosure under IFRS in the accounts.
• Tax effect of the transfer to financial instruments disclosure under IFRS.

Benefits

• You will gain information on the application of new requirements on financial instruments reporting for investment companies and funds (including auditors’ approach).
• You will learn about the differences between current requirements and IFRS.
• You will familiarise yourselves with the scope of necessary changes in systems and processes in order to comply with IFRS requirements for financial instruments.