Description

IFRS 9 leads to three major changes. First, it establishes a logical and unique approach to the classification and valuation of financial assets that reflects the business model of their management as well as their contractual cash flows. Next, it creates a unique, forward-looking depreciation model based on expected losses. Finally, hedge accounting is better supported by internal risk management. We have designed this training to help you apply this new standard and understand its impacts on your accounts.

Who is this training for ?

For whom ?

Manager or collaborator within the financial department, accounting manager, consolidation manager, management controller, treasurer, back-office manager, financial analyst, chartered accountant and auditor. This training is not aimed at participants who do not work in the banking and financial sector.

Prerequisites

None.

Training objectives

Understand the principles of IFRS 9 and their consequences on the financial statements of financial institutions.

Master the changes brought by IFRS 9 in the banking environment.

Training program

• Master the context of IFRS 9
  • The context of the IAS 39 overhaul project and its main stages.
  • The challenges for financial institutions.
  • Classifying and evaluating financial instruments
  • Principles of classification of financial assets according to IFRS: the test of the economic model; the test of the characteristics of contractual cash flows.
  • Subsequent reclassification of financial assets.
  • Classification of financial liabilities.
  • Special cases: fair value option; treatment of the impact of own credit risk on financial liabilities at fair value incorporated in the financial assets and liabilities; fair value by equity.
• Determine the depreciation of financial assets
  • The weaknesses of the IAS 39 proven loss model.
  • The expected loss model.
  • The three-tier approach and the transfer criteria.
  • Mode of assessing impairment.
  • Comparison with the Basel III prudential approach.
  • What prudential regulatory treatment of the impact of changes in accounting regulations.
• Master hedge accounting.
  • The general principles of hedge accounting and weaknesses of IAS.
  • A better translation of risk management activities.
  • Micro-hedging and changes with IFRS: hedged elements and hedging elements; voluntary interruption of hedging; treatment of forward exchange contracts.
  • L 'progress of work on macro-coverage.'}