IFRS 9 for corporates
Associated Courses
Course Description
Financial instruments are pervasive across all reporting entities. Examples of financial instruments are cash, investments which can include equity investments or bonds, trade receivables and derivatives. There are a number of standards that are relevant to financial instruments. IAS 32 deals with presentation, IFRS 9 with accounting and IFRS 7 with disclosures on financial instruments. Also relevant is IFRS 13 about fair value measurement.
This course outlines the definitions of different types of financial instruments, the classification and measurement criteria for financial instruments, separately discussing the business model assessment and the SPPI (solely payments of principal and interest) test, the concept of fair value and amortised cost, in short terms explains financial instruments’ derecognition and modification criteria and outlines also the main aspects of impairment calculation, that is explains what expected credit loss model is about. The course uses practical examples to help you understand the essentials of IFRS 9 standard and interim tests to enhance understanding.
Course Structure
This eLearn introduces the following topics:
- Introduction: overview, scope, definitions, debt instruments, equity instruments
- Classification and measurement: decision tree, factors to consider, business model, SPPI test, financial assets and liabilities, derivatives
- Impairment: 3 stage approach, calculation of expected credit loss, provision matrix calculations
- Final quiz
Should Attend
This course is intended for professionals in financial and actuarial functions within corporates.
Prerequisites
There are no prerequisites to follow this eLearn
Assessment
Final quiz will test your knowledge.
Key-Features
- 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
- classify an instrument as debt or equity instrument according to IAS 32 standard
- 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
- define relevant pattern to calculate expected credit loss on financial assets
This course will enable you to:
Course Structure
This eLearn introduces the following topics:
- Introduction: overview, scope, definitions, debt instruments, equity instruments
- Classification and measurement: decision tree, factors to consider, business model, SPPI test, financial assets and liabilities, derivatives
- Impairment: 3 stage approach, calculation of expected credit loss, provision matrix calculations
- Final quiz
Should Attend
This course is intended for professionals in financial and actuarial functions within corporates.
Prerequisites
There are no prerequisites to follow this eLearn
Assessment
Final quiz will test your knowledge.
Key-Features
- 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
- classify an instrument as debt or equity instrument according to IAS 32 standard
- 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
- define relevant pattern to calculate expected credit loss on financial assets
This course will enable you to:
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