IFRS 9 Financial instruments – Classification and measurement

Description

The training is focused on a detailed explanation the booking logic for financial instruments under IFRS 9. It describes different measurement methods – amortised cost and fair value through PL or OCI – and how these are assigned to financial assets and liabilities. The course also deals with derivatives, derecognition of financial instruments and disclosures. The issues are explained by using numerous examples. 

Target audience

  • At banks and other financial institutions mainly employees at following departments: accounting, reporting, risk management, treasury, ALM, back office, middle office, controlling, internal audit, financial analyses of IFRS statements of customers 
  • At non-financial companies mainly employees at following departments: accounting, reporting, risk management, controlling, cash management, internal audit
  • Audit firms 
  • Supervisors and enforcers in the area of financial institutions accounting 

Content of training

  • Definitions in the area of financial instruments
  • Basic measurement method explained:
    • Amortised cost and effective interest method including calculation and booking examples
    • Fair value with alternatives of revaluation through profit or loss and other comprehensive income including booking examples
  • Classification model for financial assets:
    • Cash flow criterion (SPPI – solely payments of principal and interest)
    • Special requirements for non-recourse assets and securitisation investments
    • Business model criterion – consideration of the intention to hold or sell the asset
    • Option to measure investments in equity instruments at fair value through OCI
  • Classification model for financial liabilities
  • Initial recognition and measurement of financial instruments
  • Settlement and trade day accounting alternatives for purchases and sales of financial assets
  • Derecognition of financial assets, repo transactions and security lendings 
  • Derecognition of financial liabilities
  • Requirements for derivatives including embedded derivatives
  • Disclosure requirements under IFRS 9 in the area of classification and measurement 
  • Practical implementation issues

The training is supported by numerous examples.

After completing the training the participants will understand:

  • position and importance of financial instruments in the balance sheets of entities
  • measurement methods  - amortised cost, fair value through PL or through OCI – related bookings, impacts on the balance sheet and income statement
  • principles based on which the financial assets and liabilities are classified and respective measurement methods are assigned to them
  • requirements for derecognition of financial assets and liabilities and how to avoid unnecessary complexities when it comes to transfers of financial assets 
  • principles for accounting for derivatives under IFRS including embedded derivatives
  • disclosure requirements for financial instruments  
DatumMestoCena  
10.5. – 11.5.2021Za ta termin žal ni več prostih mest.

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700 EUR + DDVZa ta termin žal ni več prostih mest.

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Za ta termin žal ni več prostih mest.

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Predavatelj/i

Martin Svitek

graduated from University of Economics in Bratislava, Slovakia in 1999. He continued with postgraduate study during which he was teaching courses on accounting in banking and finance. In 2004 he switched to banking practice and has been working as an IFRS expert since. His main focus are financial instruments. Most of the time he has been employed

Schedule


09:00 – 10:30 lecture
10:30 – 10:45 break
10:45 – 12:00 lecture
12:00 – 13:00 break
13:00 – 13:50 lecture
13:50 – 14:00 break
14:00 – 16:00 Q&A, discussion 

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