International Reporting Standards (IFRS) 9 Training

Class Description

Course Objective
The course intends to enhance the participants’ understanding of the principles and the concepts underlying IFRS 9 and explain adaptation of IFRS 9 in financial reporting.

Course Content

• Overview to IFRS 9 classification and measurement impairment models
• Disclosure requirements, special topics and practical expedients effective date and transition
• Classification and reclassification: Classification of debt instruments and equity instruments cash flow characteristics
• Classification and significant accounting policies – a comparative analysis for IAS 39 and IFRS 9
• Expected credit loss Model:12 month loss, Lifetime expected loss, Significant increase in credit risk
• Measuring ECL, lower credit risk
• Simplified Model: Trade and lease receivables with significant financing component Trade and lease receivables – without significant financing component.
• Loan commitments & guarantees ,disclosures , application to bank assets
• IFRS 9 – Financial instruments, measurement and recognition under IFRS 9
• Effective date, transitional provisions and disclosures
• Impairment & impairment models
• IFRS 9 implementation guidelines
• IFRS 9 implementation in practice in a simplified and effective manner.
• De-risking organizations / moderating the high-risk perception.
• Guidance note on implementation of International Financial Reporting Standard (IFRS) 9 on financial instruments from regulators.
• Summary of key issues in IFRS 9, transition options, governance and business considerations
• Benefits of IFRS 9
• Challenges of implementation of IFRS 9

Target Group
Staff working in finance, audit, risk and bank supervision departments in Central Banks. The course also targets operations staff in finance, audit and risk management department of financial institutions.

Venue: Nairobi