Take this course

IFRS cases: Full course exam included

Date

Ongoing

Time

On-demand

CPE Hours

45 minutes to 1 hour

Competency

Core

Location

eLearn

Price

€40

Course Description

Financial instruments are pervasive across all reporting entities and even more so in the financial services sector. In the nineties, there were a lot of problems with the accounting for financial instruments. In response to that the IASB issued IAS 39. However, the global financial crisis of 2008 has shown us that simplifications to the complex IAS 39 were necessary, so the IAS 39 has been replaced by IFRS 9 effective as of 1 January 2018. There are a number of IFRS standards that are relevant to financial instruments.

Course Structure

This eLearn introduces the following topics:

A) Case 1 – Scoping:

Identify the account balances that would potentially be impacted by IFRS 9
Recognise which subtopic of IFRS 9 (i.e. impairments or classification and measurement) is potentially relevant for each account balance and what balance sheet and income statement volatility could be expected

B) Case 2 – Classification and Measurement:

  • Decide on an individual assessment versus a portfolio assessment
  • Apply the BM (business model) and SPPI (solely payments of principal and interest) tests for debt instruments
  • Apply the classification and measurement assessment to equity instruments
  • Identify information sources and processes relevant for the classification and measurement assessment

C) Case 3 – Impairment:

  • Identify the level at which the impairment assessment is to be performed (portfolio, sub-portfolio, instrument)
  • Identify (relevant) triggers for significant increase in credit risk
  • Identify (relevant) information for calculating ECL (expected credit losses)
  • Evaluate relevance of (new) information for IFRS 9 application

Should Attend

This course is intended for professionals in financial and actuarial functions within banks.

Prerequisites

There are no prerequisites to follow this eLearn

Assessment

At the end of the eLearn, an exam tests your knowledge of the topics discussed during the eLearn.

Key-Features

Online self-paced, available 24/7

Course Structure

This eLearn introduces the following topics:

A) Case 1 – Scoping:

Identify the account balances that would potentially be impacted by IFRS 9
Recognise which subtopic of IFRS 9 (i.e. impairments or classification and measurement) is potentially relevant for each account balance and what balance sheet and income statement volatility could be expected

B) Case 2 – Classification and Measurement:

  • Decide on an individual assessment versus a portfolio assessment
  • Apply the BM (business model) and SPPI (solely payments of principal and interest) tests for debt instruments
  • Apply the classification and measurement assessment to equity instruments
  • Identify information sources and processes relevant for the classification and measurement assessment

C) Case 3 – Impairment:

  • Identify the level at which the impairment assessment is to be performed (portfolio, sub-portfolio, instrument)
  • Identify (relevant) triggers for significant increase in credit risk
  • Identify (relevant) information for calculating ECL (expected credit losses)
  • Evaluate relevance of (new) information for IFRS 9 application

Should Attend

This course is intended for professionals in financial and actuarial functions within banks.

Prerequisites

There are no prerequisites to follow this eLearn

Assessment

At the end of the eLearn, an exam tests your knowledge of the topics discussed during the eLearn.

Key-Features

Online self-paced, available 24/7

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