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IFRS 9 for banks

Date

Ongoing

Time

On-demand

CPE Hours

70 minutes

Competency

Core

Location

eLearn

Price

€30

Course Description

This module will cover the introduction to financial instruments, the classification and measurement as well as the impairment requirements of IFRS 9, financial instruments’ derecognition criteria and debt vs equity classification according to IAS 32. The material in this module is not sufficient to answer all IFRS 9, IAS 32 and IFRS 13 related questions. It is strongly recommended that a financial instruments specialist is consulted for any specific questions or cases.

Course Structure

This eLearn introduces the following topics:

  • Introduction: Financial instrument and the scope of IFRS 9
  • Classification and measurement: Assets/Liabilities, What is amortised cost measurement?, Fair Value Hierarchy, Business Model Assessment, Cash flow characteristics
  • Impairment: Expected credit losses model
  • Derecognition: Financial instruments/assets, Liabilities/Assets, Debt restructuring
  • Debt vs. Equity: Classification principles
  • Test your knowledge

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

Final quiz will test your knowledge.

Key-Features

This course will enable you to:

  • review the relevant standards related to financial instruments
  • understand the concept of financial assets and financial liabilities
  • define different types of financial assets and financial liabilities focusing especially on banks
  • identify factors of business model assessment to be able to define appropriate business models for financial assets
  • understand the concept of fair value and amortised cost
  • make appropriate classification of financial instruments into one of the following categories: amortised cost, fair value through other comprehensive income and fair value through profit or loss
  • understand IFRS 9’s 3 stage expected credit loss (ECL) model and define relevant pattern to calculate expected credit loss on financial assets

Course Structure

This eLearn introduces the following topics:

  • Introduction: Financial instrument and the scope of IFRS 9
  • Classification and measurement: Assets/Liabilities, What is amortised cost measurement?, Fair Value Hierarchy, Business Model Assessment, Cash flow characteristics
  • Impairment: Expected credit losses model
  • Derecognition: Financial instruments/assets, Liabilities/Assets, Debt restructuring
  • Debt vs. Equity: Classification principles
  • Test your knowledge

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

Final quiz will test your knowledge.

Key-Features

This course will enable you to:

  • review the relevant standards related to financial instruments
  • understand the concept of financial assets and financial liabilities
  • define different types of financial assets and financial liabilities focusing especially on banks
  • identify factors of business model assessment to be able to define appropriate business models for financial assets
  • understand the concept of fair value and amortised cost
  • make appropriate classification of financial instruments into one of the following categories: amortised cost, fair value through other comprehensive income and fair value through profit or loss
  • understand IFRS 9’s 3 stage expected credit loss (ECL) model and define relevant pattern to calculate expected credit loss on financial assets

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